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EV Charging Infrastructure the Key to Powering Future Mobility, Reports IDTechEx
Managing the potential incremental energy demand that EV charging could put on the grid is crucial. Expert assessments vary on how much electricity demand will increase with widespread EV use. The US Department of Energy predicts a 38% increase in electricity consumption by 2050, mostly due to a high penetration of EVs. Smart charging technology and off-grid charging solutions, that are covered in the IDTechEx report, will become more favorable where grids do not have the available excess capacity to generate increased amounts of power with existing infrastructure.
IDTechEx believes the electric vehicle industry will not be derailed and will continue with its staggering momentum. Over the coming decade, demand for charging infrastructure will be driven by over 175 million plug-in EVs in use globally including passenger cars, buses, trucks, and vans. The benefits of the electric vehicle transition are at least an order of magnitude greater than charging infrastructure costs, making charging infrastructure a modest down payment to decarbonize the transport sector.
The latest IDTechEx report, "Charging Infrastructure for Electric Vehicles and Fleets 2022-2032" provides a comprehensive overview of various charging technologies and standards globally, including fast charging, inductive and capacitive charging, mobile charging, robotic and autonomous charging, battery swapping as well as dedicated charging for fleet EVs. An analysis of the electric vehicle charging value chain and business models of key market players is also included. See the report for detailed ten-year market forecasts on EV charging infrastructure in both unit numbers and market value (revenues); granular market forecasts by major regions ( China , Europe , and USA ), sectors (passenger cars and fleet EVs), applications (private and public) and power levels (AC and DC).
IDTechEx guides your strategic business decisions through its Research, Subscription and Consultancy products, helping you profit from emerging technologies. For more information, contact research@IDTechEx.com or visit www.IDTechEx.com.
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Natalie Moreton
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