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South Florida electric car charging company sees rapid growth

Eco-conscious cars have driven a small Miami Beach company’s revenues to surge more than tenfold in the past year, according to second-quarter earnings released Monday.

CarCharging, which operates electric vehicle charging stations across the country, saw revenues climb to $973,000 in the second quarter compared to $78,000 in the same period last year. Its subsidiary, Blink Network, installs both public and residential chargers.

RELATED CONTENT: One damp reason Elon Musk’s Gigafactory couldn’t be built in Florida

The company (Pinksheets: CCGI) is part of a ballooning market. Electric car charging is expected to be a $5.8 billion global industry in 2022, up from $567 million in 2013, according to a report from Boulder, Colo.-based firm Navigant Research.
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