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Pramod Kumar - May 3, 2023 - Business - EV Fast Charging Infrastructure Market EV Fast Charging Infrastructure Market Share - 504 views - 0 Comments - 0 Likes - 0 Reviews
There is no doubt in the fact that EVs are the future of the vehicle industry. But one thing that is still left to be addressed is the time taken to charge an electric vehicle.
Fast Charging Always the Question
The common question asked with respect to EV is always, will EVs be charged in the amount of time taken to fill up a tank of a vehicle with petrol, diesel or even gas. Innovations have been happening in order to decrease the time taken for the electric vehicles to charge.
Governments are trying to come up with initiatives to boost the sales of electric vehicles, but this dream can turn in reality only than there is a proper fast charging infrastructure all over the world.
Electric transport systems not just need major expansion to the existing infra, but the charging of EVs must also become faster for helping more and more electric vehicles to hit the road.
Why Not Slow Charging for EVs?
Slow charging, usually takes 6 to 12 hours at a 3kW power. Fast charging is becoming common in public infra, can take 1 to 3 hours at a power of 7-22kW.
Ultra-fast charging is the need of the hour to achieve the dream of complete electrification of vehicles, as will the infra for charging an ever-growing vehicle count. This infra could, eventually, be arranged in charging hubs in city centres, as planners build shifting mobility necessities into city design.
Managing the Grid Well
The power grid will take a huge toll, with the fast charging infra coming in place for charging electric vehicles, so a lot of thinking will be put in place for developing such an infra for fast charging, that charges the vehicles in a jiffy, and at the same time do not put much burden on the grid.
If a lot of vehicles are charged at the same time, then there is every chance that the grid will overloaded. Innovative solutions are needed to be thought of to build a bridge between the demand and supply. Battery storage systems can also be thought of.
Can Ultra-Fast Charging Become a Reality
In the current scenario, as mentioned earlier, there is a call for an ultra-fast EV charging to say the least. But, can it become a reality anytime soon, remains the biggest question to be answered.
Regulatory hurdles are the biggest blockage to the development of an ultra-fast charging network, and there has to be continuous support from the governments to tech advances if it is to become a reality, anytime soon. Working with the network operators for electrification of transportation will hasten both the acceptance of EVs but also the rate at which charging infra is built out across the globe.
With an intention to quicken the adoption of EV, the demand of the fast charging infrastructure will grow substantially in the future, to reach USD 18,909.8 million by the end of this decade.