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Growth in EV Charging

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. 

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EV Power Grid

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. 

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EV Car Charging

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."

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