Paren Inc released detailed Q1 2026 “State of the Fast EV Charging Industry” reports for the U.S. and Canada, highlighting rapid infrastructure growth coupled with stable utilization, pricing, and reliability. The company says its analytics draw on real‑time data covering more than 95% of DC fast‑charging ports in both markets.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
In the U.S., Paren reports 3,387 new DC fast‑charging ports added in Q1, bringing the total to 73,394, a 33% year‑over‑year increase. Fast‑charging sessions reached 37.7 million, with a February dip and March rebound, while network utilization held at 15.6% despite the capacity build‑out.
Average U.S. pricing remained stable at $0.53 per kWh, with limited volatility and local variations driven by market conditions. Reliability improved to a reported score of 93.5, suggesting that newer infrastructure is helping boost overall network performance across public DC fast‑charging sites.
In Canada, Paren’s data show 668 new DC fast‑charging ports deployed in Q1, lifting the national total to 9,472 and marking 30% year‑over‑year growth. The company notes that expansion is increasingly driven by larger multi‑port sites, indicating a shift toward higher‑capacity charging hubs.
Canadian utilization remained steady at 11.3% as the network expanded, and average pricing held around $0.48 per kWh, with provincial differences tied to electricity costs and pricing models. Reliability averaged 91.1, with most provinces above 90, pointing to a broadly stable operational environment for charging operators.
Paren also promoted downloadable reports and an on‑demand webinar featuring its CEO and Chief Data Officer, reinforcing a strategy centered on data transparency and thought leadership. Separate LinkedIn posts spotlighted media coverage from InsideEVs and State Of Charge With Tom Moloughney, underscoring external validation of Paren’s analytics.
For investors and industry stakeholders, the Q1 data depict maturing yet fast‑growing U.S. and Canadian fast‑charging markets where demand is keeping pace with capacity additions. Stable utilization, pricing, and reliability may support more predictable economics for charging networks and strengthen Paren’s positioning as a key data and analytics provider within the EV infrastructure value chain.