The EV charging stations are the best solution for a greener future. Electric vehicles have decreased our dependence on fossil fuels and have fueled the green revolution.
In order to keep electric vehicles as efficient as possible and decrease the cost, we need new innovations. The cost of a lithium ion battery has fallen by 80% in just eight years and will likely fall by another 50% in the next 10-15 years. This means that electric cars will likely be cheaper than traditional cars, which will lead to an increase in EV usage across the world.
An electric vehicle charging station is a device that converts alternating current from a power source to direct current used by electric vehicles. Not only does it charge the car’s battery, but also manages electricity flows, controls the rate of charge, records usage data and handles other tasks.
This section will outline how EV Charging stations work and some of the new developments in this field.
It is the responsibility of the electric vehicle charging station owners to facilitate for a sufficient supply of stations that can make it more convenient for people to fuel their vehicles.
Charging stations are vital to make electric vehicles more attractive when compared to gasoline powered cars. It is the responsibility of the station owners to provide an adequate supply of charging stations that can foster convenience among drivers.
One of the most important aspects of electric vehicles is that they need to be charged. The success of electric cars will depend on chargers or charge stations.
No matter how many electric vehicle charging stations are built, there will always be some gaps in the coverage map. This is because it is not possible to build charging stations on every street and corner.
Electric vehicle infrastructure is a growing market with major players.
Global Electric Vehicle Charging Stations Market Driver:
- Increasing Government Support
- Increasing Use of Electric Vehicles
- Reduce Pollution
Global Electric Vehicle Charging Stations Market Opportunity:
- Growing investment within electric vehicle industry
By Charging Type
- Level 1
- Level 2
- Level 3
By Communication Infrastructure
By Device Usage
- OE Charging Station
- Private Charging Station
By End Use
- Private Type
- Public Type
- North America
- Rest of Asia-Pacific
- Middle East & Africa
- South America
- ABB Ltd.
- AeroVironment Inc.
- ChargePoint Inc.
- EV-Box B.V.
- Fastned B.V.
- Pod Point Ltd.
- Robert Bosch GmbH
- Schneider Electric SE
- Siemens AG
- Tesla Motors Inc.