EV charger thefts on the rise as value of copper reaches record high

Copper prices have skyrocketed, making it a lucrative target for thieves who are stealing EV chargers, leading to over $1 million in losses for Canadian utilities and charging companies in just one year. This surge in thefts not only disrupts the growing electric vehicle infrastructure but also highlights a significant security issue as the demand for copper continues to rise. The implications could be far-reaching, affecting the cost and availability of EV charging stations, which are crucial for the transition to sustainable transportation.