The Future of EV Charging
Electric vehicle (EV) adoption is a race that is speeding up.
Consumer interest, massive buy-in by automakers and ramped-up government funding is fueled by the 2021 Infrastructure Investment and Jobs Act — which provides $7.5 billion dollars to expand the EV charging infrastructure. The Inflation Reduction Act additionally provides tax credits for both new and used electric passenger vehicles as well as for commercial vehicles. Adding fuel to this fire, California has announced it will ban the sale of new internal combustion engine-powered vehicles by 2035.
The race is on
The number of charge points in the US is poised to grow from about 4 million today to an estimated 35 million in 2030.
We understand your biggest concern
The number of charge points in the US is poised to grow from about 4 million today to an estimated 35 million in 2030.
WIll there ever be enough chargers?
The number of EVs in the US is estimated to hit 27 million by 2030 and 92 million by 2040, according to PwC’s analysis.
So, who is in charge?
Charge Point Operators (CPOs) which build, operate and maintain EV charging stations are estimated to account for the bulk of the market’s value from roughly half currently to 65% in 2040 (for revenues of about $65 billion).
WHo can you trust?
For most EV owners the at-work and on-the-go EV charging scenarios are going to be the places of choice for charging your EV vehicle through the year 2030.
Home Charging?
Bi-directional charging and advanced home energy systems will require advanced hardware solutions that will drive ~20B in hardware revenue, but home solutions will remain secondary options
