- Ease of Theft: Bolt cutters can easily cut through EV charging cables.
- Minimal Value: These cables bring only about $15 to $20 for thieves.
- High Damage Costs: Replacing stolen cables can cost station operators upwards of $1,000.
- Impact on Drivers: Theft results in fewer functional charging stations for EV drivers.
- New Material: ChargePoint has incorporated a new material to make cables more resistant to cutting, likely similar to DuPont Kevlar.
- Licensing Opportunity: ChargePoint might offer this technology to other charging network operators.
- Alarm Features: This system includes alarms, flashing lights, and screens.
- Deterrent Mechanism: Notifies station owners and law enforcement if cables are tampered with.
- Software Upgrade: Many existing stations can be upgraded remotely at no cost.
- Reduced Downtime: Fewer thefts could lead to more available charging stations.
- Increased Confidence: These enhancements may boost public trust in the charging infrastructure.
ChargePoint aims to deter cable theft with tougher cables and an intelligent alarm system. These measures could lower costs for station operators and enhance the charging experience for EV drivers.
