Shares of Blink Charging (BLNK) are sliding further on Thursday morning after the EV charging network company reported a second quarter earnings miss on both the top and bottom lines, as electric vehicle sales remain under pressure in the US.

Blink Charging CEO Brendan Jones joins Wealth! to give insight into the EV charging landscape and the company's performance.

While US EV sales have slowed, Jones claims "global vehicle EV sales are increasing and globally it was a 19% increase so far this year. So that's a very very positive sign."

"But what we did see in the US market," Jones says, "is there was a bit of a slowdown in EV sales in Q1 and that sort of trailed into Q2 with June."

Jones finds its charging network services to move higher alongside its product sales.

"And most of those increases you're now seeing in the multi-family dwelling space and the fleet space. And where we have an advantage of it is we're a fully vertically integrated company, so we produce a significant portion of our chargers as a result.. .our margin is class-leading," Jones tells Yahoo Finance.

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This post was written by Nicholas Jacobino