Walmart and Ionna are rapidly expanding their EV charging networks in the United States with pricing below market averages, according to Chargenomics data. Walmart is deploying 400 kW Alpitronic chargers with both NACS and CCS plugs, offering a 10% discount to Walmart+ members, and has installed hundreds of chargers in recent months. Ionna, backed by eight automakers including BMW, General Motors, Honda, Hyundai, Kia, Mercedes-Benz, Stellantis and Toyota, has committed to building 30,000 fast chargers across the United States and Canada by 2030.
Why it matters: The combination of aggressive network expansion and competitive pricing from two major players signals a potential shift in the EV charging market towards price competition, which could influence procurement strategies and site selection for charge point operators. Walmart's rapid rollout demonstrates the viability of retail-anchored charging sites, while Ionna's automaker backing and 30,000-charger target represents significant new supply entering the market.