emerging trends among EV charging stations suppliers
The EV charging market is evolving rapidly. It is being driven by several key factors. One is the growing number of businesses that see EV charging as an opportunity to generate additional revenue. These include convenience stores, restaurants, hotels, and shopping malls – anywhere that people may park their electric vehicles for an extended period of time. Unlike pumping gas, which requires just five minutes of dwell time, EV drivers spend an average of 23 minutes at each station. These additional minutes provide the opportunity for these companies to ring up revenue from food, drink, and merchandise sales.
Another factor is the need to make Ev Charging Stations Suppliers easier to access. This will require expanding access to fast chargers for heavy-duty electric trucks and buses, which must be capable of power outputs of 350 kW and higher. It will also require providing long-dwell overnight charging to support regional and longer-haul applications. This will require a significant investment in DC fast charging infrastructure and technology.
Increasingly, automakers are forging partnerships with EV charging providers to increase their stake in the market. Tesla has led the way with its home chargers bundled with its vehicles, but now other automakers are joining forces to build a network of public EV charging stations. For example, GM has partnered with EVgo (which uses Driivz to power its network of public chargers) and Pilot and Flying J travel centers to install thousands of EVgo-branded DC fast charging stations.
What are the emerging trends among EV charging stations suppliers?
As the EV charging market continues to evolve, it is critical for all players in the value chain to work together to deliver on the promise of a zero-carbon future. That includes utility companies, EV charger manufacturers, EV charging network operators, and back-office software providers. One way to do this is to align on data standards. This will ensure that EV drivers have a consistent experience no matter where they plug in their car.
One of the key players in the EV charging stations market is Tesla, with its extensive network of Superchargers spanning across the globe. Tesla’s Supercharger network is known for its high-speed charging capabilities, allowing Tesla owners to quickly recharge their vehicles while on the go. Additionally, Tesla offers home charging solutions, including the popular Tesla Wall Connector, providing EV owners with the convenience of charging their vehicles overnight in their own garages.
In addition to working on data standards, EV charger suppliers are focused on building more efficient and flexible charging systems. This means eliminating unnecessary component duplications, creating new infrastructure optimized for DC, and integrating onsite generation and storage. This will allow them to deliver the fast, reliable, and resilient EV charging needed for a mass transition to electric mobility. This, in turn, will help to ease range anxiety and accelerate the EV adoption needed to avoid a climate catastrophe. For more information on the emerging trends among EV Charging Stations Suppliers, download our free report.
