President Joe Biden's infrastructure bill included a $7.5 billion tranche of cash set aside to build out a national network of 500,000 electric vehicle chargers. Ever since Biden signed the bill into law, EV charging companies have been quickening their pace, eager to take advantage of national momentum and federal funding.

Alongside the ambitious attempts at scaling, there has been a wave of consolidation. While some early adopters, like ChargePoint, EVGo, Electrify America and Tesla, have created large national EV charging infrastructure networks, they've by no means captured the entire market.

A recent spate of acquisitions in the electric vehicle charging space is outlining what consolidation in this industry looks like and which players might come out on top.

Blink Charging finalized Tuesday its plans to acquire SemaConnect in a $200 million cash and common stock transaction that will add 13,000 EV chargers to Blink's footprint, an additional 3,800 site host locations and more than 150,000 EV driver members, according to Blink. This brings Blink up to 48,000 chargers, according to the company, which means it's finally on equal footing with ChargePoint, the erstwhile leader of EV charging in the U.S. that boasts 30,000 stations with over 47,000 individual charging ports.

The infrastructure bill also appears to be attracting foreign companies to increase their footprints in the U.S. EV Connect said Tuesday that it was acquired by Schneider Electric, a French energy management and automation company with a foundation in sustainability and e-mobility. Schneider is using the acquisition to beef out its own charging capabilities and footprint in the United States.

Other companies seem keen to grow through M&A. Take ABB, for instance.

Earlier this year, ABB's e-mobility business, which makes fast electric chargers for cars, buses and trucks, shared plans to spend $750 million on expanding operations, in large part through acquisitions. In addition to acquisitions this year of India’s Numocity and China's Chargedot, ABB has acquired InCharge Energy, a commercial charging infrastructure company, to strengthen its foothold in the North American market.