August 3, 2015
Car Charging Group

Photo: Moris Moreno / Fountainebleu Miami Beach

Miami-Dade Business Profile

Car Charging Group

| 7/17/2013

Although south Florida is hardly a hotbed of alternative-fuel vehicles, the largest public network of electric vehicle charging stations is based in Miami Beach. Car Charging Group, a publicly traded company founded in 2009, earned the mantle after acquiring three other companies this year. It now has more than 1,100 “charging points” around the country.

Car Charging doesn’t build the charging stations or supply the electricity. Instead, it signs contracts with property owners, such as malls and apartment complexes, to place charging stations in their parking lots. It then shares the revenue from electric vehicle “fill-ups” with the property owner. It has contracts with more than 85 firms, including Simon Properties and Walgreens.

In 2012, Car Charging had revenue of $258,000 and a loss of $5.3 million. Currently, it’s trying to line up other high-traffic locations, setting itself up for when there are more electric cars on the road than the 54,000 that a 2012 “CBS News” report estimated.

Tags: Miami-Dade, Energy & Utilities, Environment

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Average age of cars on U.S. roads breaks record
Average age of cars on U.S. roads breaks record

The average age of vehicles on the road in the U.S. is rising, even as consumers snap up more new vehicles -- a paradox attributable to substantial increases in reliability.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Medicare turned 50 this week. Your opinion of the program?

  • Great: I am on it already
  • Great: I look forward to being on it
  • Unsure: I'm not on it yet
  • Not good: I am on it, and don't like it
  • Not good: I could be on it, but don't want to
  • Other (comments welcome)

See Results

Ballot Box
Subscribe