We just updated one of our most popular resources: Stable’s EV charging utilization and pricing index. It’s the dataset that networks, investors, and analysts keep coming back to because it tracks real-world charger performance across tens of thousands of Level 2 and Level 3 (DCFC) chargers nationwide.

The latest update shows something we haven’t seen before: average utilization dipped for the first time. But rather than signaling a slowdown, it highlights how quickly the market is evolving. Networks are expanding, vehicles are charging faster, and each station is moving more energy every quarter, even as they spend less time occupied.

This is what a maturing market looks like. The number of stations grew faster than utilization fell, average session power jumped sharply, and pricing continued to rise and even out across regions. The result is a network that’s bigger, more efficient, and far better equipped to handle growing EV demand.

Here are a few highlights from the update:

  • Utilization: down for the first time since tracking began
  • Prices: rising and stabilizing nationwide
  • EV economics: still cheaper than gas, but the gap is tightening as electricity prices rise and fuel prices drop

The takeaway? Utilization alone no longer defines success. The real story is how much energy the same hardware can deliver, and how that capacity keeps increasing quarter after quarter.

See the latest utilization data

And if you want to see how utilization is trending in your own markets, sign up for Operate for free to explore live data and station performance.