Revenue also dropped 23.15% YoY to $215.58 million from $280.52 million. Speaking at the earnings call, ChargePoint's CEO Richard Wilmer said "We are seeing green shoots already. Sales of passenger EVs have settled into a stable, predictable growth path, a clear sign of sustainable adoption. In Q2, OEM slashed U.S. lease prices to clear the way for 2025 models. These aggressive price cuts triggered a surge, with sales jumping 23% over Q1 and climbing 11% year-over-year, putting many drivers behind the wheel of an electric vehicle for the first time. When the 2025 models hit the market in the coming months, boasting superior specs and broader selection, EV momentum is only going to accelerate.' He further added that the company's plug-in hybrid sales rose by 59%. "Our managed port count continues to grow now at approximately 315,000. DC port growth was nearly 10% for the quarter, up to nearly 30,000.