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3 Key Trends Driving the EV Charging Market – Green Fleet

3 Key Trends Driving the EV Charging Market – Green Fleet

by admin
September 15, 2023
in Auto News
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The transition towards higher voltage charging infrastructure promises enhanced performance and reduced charging times alongside regulatory initiatives that support the deployment of fast chargers.  -  Photo: Martin Romjue / Bobit

The transition in the direction of greater voltage charging infrastructure guarantees enhanced efficiency and diminished charging occasions alongside regulatory initiatives that help the deployment of quick chargers.

Photograph: Martin Romjue / Bobit


The world is witnessing an electrifying revolution within the automotive trade, as electrical automobiles (EVs) emerge as a compelling answer to fight local weather change and scale back our carbon footprint.

As extra people and companies shift in the direction of electrical mobility, the demand for environment friendly and accessible EV charging infrastructure has skyrocketed. On this fast-evolving panorama, staying forward of the curve is significant for stakeholders throughout the EV ecosystem. 

IDTechEx analysis dives into the guts of the matter, uncovering three key traits shaping the EV charging market.


DC fast chargers will grow to take 33% public charger market share in the US by 2034.  -  Graphic: IDTechEx

DC quick chargers will develop to take 33% public charger market share within the US by 2034.

Graphic: IDTechEx


NO. 1: 800V Batteries and Traction-Built-in Onboard Chargers (iOBCs)

Many EVs have relied on 400V battery structure, however the future is 800V and past. Twice the voltage means far sooner charging occasions for EVs.

A comparatively easy innovation in next-generation automobile platforms is utilizing the traction high-powered electronics of the EV to double up as a high-power onboard DC charger whereas the automobile is stationary.

By utilizing the traction energy electronics as a part of the charging circuit, every automobile is routinely rated on the most C charge of the battery, that means sooner potential charging occasions will be unlocked.

Some business automobiles working on a better platform voltage (BYD, ABB/Hitachi) have already demonstrated utilizing the onboard traction inverter as a part of the charging circuit. The passenger EV trade has already began to see a mass transition to 800V platforms and traction iOBCs, with many fashions already out there (Hyundai, Lucid) or introduced.

By 2026, IDTechEx speculates that a whole lot of mass-market OEMs may have moved to 3rd era platforms. Because the drive unit and charging station comprise of comparable or an identical parts, a lot of the tools contained in the charging station will be made redundant, eliminating pointless price, weight, and public house.

The subsequent era of charging infrastructure will be capable to eradicate the entire pointless element duplications present in an EV charger and create new infrastructure optimized round DC, together with onsite era and storage. The subsequent era of EV charging infrastructure will begin to look more and more like a decentralized community of bidirectional DC micro-grids.

The newest report from IDTechEx finds EVSE producers launching DC wallboxes within the 20-30 kW vary and benchmarks them by energy, voltage, present, and weight metrics.


Examples of EV solar-charging infrastructure available on the market from manufacturers.  -  Graphic: IDTechEx

Examples of EV solar-charging infrastructure out there available on the market from producers.

Graphic: IDTechEx


NO. 2: Off-Grid Photo voltaic Charging Infrastructure

EV charging in sure environments doesn’t allow any digging — brownfield websites, nuclear waste websites, airports, and many others. Off-grid photo voltaic charging EV infrastructure will be deployed with out digging for foundations or trenching, which implies it is a perfect answer for most of these environments. 

Lack of spare capability on the grid or ready for infrastructure to be grid-tied will be severe bottlenecks in deploying commonplace EV chargers, creating a requirement for off-grid options. IDTechEx Analysis finds off-grid photo voltaic charging firms coupling their sun-tracking photo voltaic canopies with onsite battery storage to supply a conveyable answer.


US building up domestic manufacturing base for EV chargers.  -  Graphic: IDTechEx

US increase home manufacturing base for EV chargers.

Graphic: IDTechEx


NO. 3: Nationwide Electrical Car Infrastructure (NEVI) Formulation Program

On Feb. 15, 2023, the Federal Freeway Administration (FHWA) and the Biden Administration introduced requirements for chargers bought and put in with NEVI funding.

This contains predictable charging (constant plug varieties, energy ranges), reliability necessities (97% uptime minimal), accessibility, and plug and cost functionality. As well as, chargers should additionally meet Purchase America requirements with native manufacturing of a lot of the parts initially with tighter management over time.

NEVI is accelerating EV charging infrastructure rollout within the U.S., however the market is heading right into a fast development curve. Many states are beginning NEVI packages, and most received’t be prepared to put in chargers till later in 2023. IDTechEx predicts that NEVI chargers will deploy en masse in 2024.

IDTechEx finds a number of EVSE producers establishing home U.S. manufacturing amenities to adjust to the Purchase America commonplace and scale back time to market because the US public charging market expands.

DC quick charger (within the 24-350 kW vary) set up is outpacing the expansion of stage 1 and a pair of AC charger installations within the U.S. The variety of EVSE ports with an influence output between 250 and 349 kW grew by the biggest proportion in 2022 general.

This development will be attributed to the addition of recent Tesla Supercharger installations with an influence output of 250 kW. The expansion in greater energy stage quick charging infrastructure (>349 kW) is primarily attributable to new Electrify America, EVgo, and Rivian Journey Community installations.

AC chargers nonetheless dominate public charger installations within the U.S., however the share of DC chargers is forecasted to rise progressively to serve the wants of interstate vacationers.

Way forward for Electrical Mobility

In conclusion, these traits within the EV charging market are paving the way in which for a transformative future of electrical mobility. Witness the rise of sooner and extra environment friendly charging options, unlocking new potentialities for electrical automobile adoption on a world scale.

The transition in the direction of greater voltage architectures guarantees enhanced efficiency and diminished charging occasions alongside regulatory initiatives that help the deployment of quick chargers. The IDTechEx report on the EV charging market, “Charging Infrastructure for Electrical Autos and Fleets 2024-2034”, contains 10-year granular forecasts by know-how (AC/DC break up), energy class, and key areas. 

Shazan Siddiqi is a senior know-how analyst at IDTechEx, a London, U.Okay.-based firm that gives analysis and consultancy merchandise.

Initially posted on Charged Fleet



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