Global Electric Vehicles Industry have the potential to transform the global transportation industry. Electric Vehicles Market is experiencing exponential growth as government incentives and subsidies encouraging their acceptance. However, charging remains an issue because public EV charging networks often have a limited level of compatibility. In 2021, the global electric vehicle market’s charging station is expected to be worth $6.97 billion USD. Looking ahead, IMARC Group anticipates electric vehicle market to reach $51.25 billion USD by 2027, growing at a CAGR of 39.60 percent between 2022 and 2027. Tesla, the world’s largest EV manufacturer, has already begun to open its supercharger network, and other significant charging networks are likely to follow in order to mainstream the electric vehicle technology.
The concept of intelligent charging is sensible: unlike traditional chargers, intelligent chargers can interact with one other, your car, and the grid to deliver better pricing and electricity consumption. Intelligent charging also encourages more efficient energy use. Electric vehicles are meant to be charged gradually and do not necessarily need to be charged promptly or quickly since drivers do not always require a fully charged battery. Based on just how much energy the automobile requires, charges may be planned to go up to only 80 percent once a week, that improves to maximize the battery’s life.
Load Sharing allocates available resource capacity among all active charging stations in a proportionate manner. As a result, all-electric cars receive optimum recharging at the exact place, within the capacity of the charging stations. Rather of paying outrageous energy expenses for a single charger, charging station owners will be able to distribute the load and total power amongst units. It is much more dynamic, cost-effective, and economical than what is currently being done, which is to provide electricity to every single station, even though they’re not being used.
V2G (Vehicle-to-Grid) Charging:
Vehicle to grid (V2G) charging is another trend that is expected to enhance the EV market. As too many people switching to electric vehicles, what happens when the grid reaches capacity, the demands imposed on the national grid by EV charging will be a possibly looming catastrophe. The idea to overcome this issue is to discharge the excess amount of power back to the grid from home or office charging stations. So, electric cars or EVs can be used as mini mobile chargers that could be used to supply the excess stored power to maintain fulfil the grid capacity.
Publicly Accessible Charging Stations:
In order for the market penetration of electric cars (EVs) to be hampered, the anticipated mass adoption of EVs must coincide with the development of a wide and accessible recharging network across the globe. Technology can and should assist us in increasing the use of public charging stations. Queuing mechanisms and the establishment of personal charging point networks might be significant drivers.
Batteries that are Solid-State:
Battery technology is undoubtedly evolving, with lithium-ion batteries being used in the majority of electric cars. However, stronger batteries with higher energy density, as well as those that are better and less expensive, will be necessary to maintain rapidly increasing high-tech cars, and emphasis is now being focused on solid-state batteries, which have the ability to assist with sustainability and capacity. In principle, solid-state batteries should be the solution here, as Vehicle owners will ultimately be able to go longer on a single charge. While lifespan of solid-state batteries could be an average of more than 10 years, as opposed to the present 6-year lifetime of lithium-ion batteries.
A Tesla Supercharger is a 480-volt DC charging or direct current fast-charging technology developed by automotive company Tesla, Inc. for electric vehicles. On September 24, 2012, the Supercharger infrastructure was established with six Supercharger stations. It takes around 20 minutes to charge50%, 40 minutes to charge 80%, and 75 minutes to charge 100%.
Russian Startup L-Charge:
It is a truck-mounted mobile charger that runs on liquefied natural gas (LNG), hydrogen, or a combination of the two and are not attached to the power grid. It takes 5-7 minutes to charge an electric vehicle’s battery to 80% capacity.
Swiss Engineering Company ABB Supercharger:
ABB, a Swiss engineering company, has developed what it claims to be the world’s quickest EV charger, capable of charging any electric vehicle within just 15 minutes.
One thing that is clear there seems to be no question that the electric car revolution is already started, owing primarily to the enthusiastic early buyers. Looking ahead, shared autonomous transportation is predicted to ultimately monopolize passenger-miles in metropolitan areas. Mobility service providers will need to widely install automated charging for self-driving cars. More startups like L-Charge, Tesla and ABB have to come in the market to make this EV super charging technology more robust.
Frequently Asked Questions (FAQs):
Can an electric car be supercharged?
Yes electric car can be supercharged. Tesla Supercharger takes around 20 minutes to charge 50%, 40 minutes to charge 80%, and 75 minutes to charge 100%. Russian Startup L-Charge takes 5-7 minutes to charge an electric vehicle’s battery to 80% capacity. ABB, a Swiss engineering company takes 15 minutes to fully charge any electric vehicle.
What is the quickest charging EV?
ABB, a Swiss engineering company, has developed what it claims to be the world’s quickest EV charger, capable of fully charging any electric vehicle within just 15 minutes.
Is Tesla supercharging free?
To deal with holiday traffic, Tesla is providing free Supercharging during off-peak hours.
Can only Tesla’s use Superchargers?
Non-Tesla vehicles will require an adaptor to use the company’s Superchargers in this location.
What is the life of an electric car battery?
The majority of manufacturers offer a five to eight-year guarantee on their batteries. However, current predictions indicate that an electric car battery will last between 10 and 20 years before needing to be replaced.