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Kempower’s EV Charger Dreams Hit Roadblocks | Durham News
North Carolina is pulling the plug on $3 million in tax incentives for Kempower, a Durham-based EV charger maker, after the company failed to hit its promised 300-job hiring target — currently sitting at just over 100 employees. Blaming sluggish EV demand and the end of federal tax credits, Kempower says it’s still growing, with revenue tripling year-over-year and a bright outlook for the U.S. charging market. The state’s performance-based incentive model has now seen multiple clean energy firms fall short — but Kempower’s leadership remains bullish, citing a massive gap between EVs on the…
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