The rapid development of battery technology, with longer driving ranges and shorter charging times, has made EVs a more cost-effective and environmentally conscious decision for business fleets. Many governments around the world offer incentives to encourage the adoption of EVs, such as tax credits, grants, and access to high-occupancy vehicle (HOV) lanes with dedicated “green stickers”.
Despite supply chain challenges, high commodity and energy prices, and macroeconomic and geopolitical uncertainties, sales of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) saw another record year in 2022, with more than 10 million units sold. The share of electric vehicles sold also increased from 5% in 2020 and 9% in 2021 to 14% in 2022, with China again dominating the market with a share of around 60% of global EV sales.
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As the number of EVs increases, so does the need for EV charging infrastructure. However, setting up such infrastructure can come with various challenges, which unfortunately is especially true for residential areas where there is an additional set of questions; who can charge on certain charging points and when, as well as the process of obtaining the appropriate permits and documentation to install the charging station.
The electrification of transportation has the potential to bring numerous benefits to society and the environment. However, this transition to electric vehicles (EVs) poses significant challenges for our current electricity systems. The influx of EVs into the market could lead to a surge in power demand, straining our grids and requiring substantial investments in infrastructure.
Smart charging technology has emerged as a key solution to mitigate these challenges. Intelligently managing EV charging can prevent grid overload and optimize energy consumption. In this article, we will explore the key features and benefits of smart charging and how they manifest for network operators, businesses, and EV owner.
Contactless payment terminals are being hailed as a game-changer for the accessibility of publicly available Electric Vehicle (EV) charging. They offer a quick and convenient payment method for the growing number of private and commercial EV users and are considered an integral part of the transition from traditional to electric vehicles by 2030. This transition is super critical to helping to deliver the UK net zero targets by 2050.
Whether due to environmental concerns, government incentives and regulations or rising gas prices; the electrification of transportation is gaining momentum around the world. According to Arthur D. Little’sreport, by 2030 there will be more than 40 million passenger electric vehicles on European roads. As exciting as this news sounds from the environmental perspective, it is alarming for grid operators. Due to the sudden demand for electricity, local distribution systems might suffer from temporary overloads, leading to power outages and other grid stability issues, such as voltage spikes and frequency fluctuations that can affect the performance of other equipment connected to the grid.
