Electric vehicle (EV) charging stations are also known as charging points. These infrastructures supply power to recharge the EVs. Electric vehicles are largely being used for commercial as well as residential sectors. This has encouraged facilitation of more strategically placed infrastructures for quick and convenient charging of EVs.
Battery Basics
Electric vehicles work on either Direct Current (DC) chargers or Alternating Current (Ac) chargers. ACs are available in different types depending upon kilowatt. These include:
· Type 1: Range up to 3.7 kW and is capable of charging the vehicle in 6 to 8 hours
· Type 2: Range between 3.7 kW to 22 kW and it can charge the EV in 3 to 4 hours
· AC Rapid Chargers: Range up to 43 kW and can charge the vehicle within 40 to 50 minutes.
· Superchargers: These can recharge the batteries up to 80% in less than 30 minutes.
Upcoming Novelty
Tesla Inc., a major American solar panel manufacturer, energy storage provider, and automaker has come up with super-fast charging stations to charge the Tesla vehicles. These stations are strategically located near WiFi hotspots, restaurants, and shopping centers. Each station is equipped with Supercharger that can recharge electric vehicles in brief amount of time.
Tesla vehicles have onboard chargers that convert AC from wall chargers to DC, allowing it to be stored in the vehicle’s battery. These chargers can provide up to 120 kW battery power per vehicle in nearly half an hour of charging.
Market Overview
According to a new study by Grand View Research, Inc.; the electric vehicle (EV) charging infrastructure market is anticipated to escalate at 46.8% CAGR by 2025. The market is projected to attain USD 45.59 billion over the forecast period (2014 to 2025). Rising consumer awareness and government initiatives in the form of subsidies and tax credits can drive the adoption of EVs.
Key Players
Major companies operating in the global EV charging infrastructure market include Schneider Electric SE; SemaConnect, Inc.; Siemens AG; and Tesla Motors, Inc. They partake in strategic mergers & acquisitions, new product developments, and collaborations to expand product portfolio and services.
In-Depth research report on Electric Vehicle (EV) Charging Infrastructure Market:
http://www.grandviewresearch.com/industry-analysis/electric-vehicle-charger-and-charging-station-market
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