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Why EV Charging Stations May Not Be at a Gas Station Near You
EV Charging is definitely a hot topic these days with all the money being thrown at it but there are still some hurdles to get by before they become as ubiquitous as gas pumps. It all comes down to power and profit.
Porsche is the Latest Automaker to Invest in EV Charging
Porsche expands EV charging portfolio with ABB investment
ABB-Electrify recently received a multi-million dollar investment from Porsche. ABB recently opened a state-of-the-art factory in Italy where it states it can build a DC fast charger every 20 minutes.
Surge the Adoption of EV Charging Stations
"EV Charging Station Market is Expected to Surpass US$ 113 Billion and likely to Grow at a CAGR of 26.6% between 2023 to 2033 | Data by Future Market Insights, Inc."
With the increased adoption of electric vehicles, the charging infrastructure is struggling to keep up with demand. As a result, many companies are starting to offer fast charging in the United States, which is extremely important in a country with immense distances between states. BMW, Mercedes Benz, Volkswagen, BP, and Shell are just some of the companies investing in EV technology with growth rapidly accelerating in the United States.
The Latest in EV Charging
We are definitely seeing a trend in EV charging when the owner of a major gas station chain gets into EV.
EV Charging Regulations
Although some municipalities are making it easier for EV charging station installations, there are still a myriad of regulations and outdated rules across the United States.
EV Charging Infrastructure - Where will the power come from?
With many state power grids already busting at the seams, where will all the power come from for an EV charging infrastructure?
Like him or not as the new owner of Twitter, Elon Musk started a revolution with electric vehicles that appears to have no end in sight. As the shift from gas powered to electric powered vehicles takes hold, all of these vehicles require power off the grid to be charged. Now with billions of dollars of funding beginning to funnel into the EV charging infrastructure, all of the power has to come from somewhere.
The Latest News in EV Charging Station Infrastructure
Cook County Allocates Funding for EV Charging
"Four-year initiative will bring up to 75 charging stations to underserved communities"
Where to How to place EV Charging Stations?
Aside from existing infrastructure such as garages and parking lots, it can be a difficult choice on how many EV charging stations to install and where to place them. For municipalities, it becomes even more unclear as retail, hotels, and restaurants also begin adding stations leaving most cities "looking to public property, like libraries, rest stops, or parks, to install stations because of anticipated regular traffic."