WEEKLY EV UPDATES: 16 OCTOBER TO 23 OCTOBER)

Hello, EV enthusiasts?

Welcome back to another weekly update on the EV Industry. We're excited to share the latest news and updates from the EV charging industry.?

If you are a new electric vehicle owner or are interested in learning about its growing industry, this newsletter is for you.

SO, STAY TUNED WITH US!!

EV Industry news:

EV sales continue to soar:?

Global EV sales are expected to reach 10 million units in 2023, up from 6.6 million in 2022.?

This growth is driven by several factors, including government incentives, declining battery costs, and improving vehicle performance.

Investment in EV charging infrastructure is on the rise:

Governments and businesses around the world are investing heavily in EV charging infrastructure.

?In 2022 over $10 billion was invested in EV charging infrastructure globally. This investment is expected to continue to grow in the coming years.

New EV charging technologies are emerging:?

New EV charging technologies are continuously being developed. One of the most promising new technologies is bidirectional charging.?

Bidirectional charging allows EVs to receive electricity from the grid and provide electricity back to the grid. It can help to stabilize the grid and reduce reliance on fossil fuels.

The future of automotive mobility to 2035?

The automotive industry is experiencing swift changes due to shifting customer preferences, climate change, diminishing trust, and geopolitical instability. Consequently, to succeed in the future, providers of mobility services need to be ready to adapt.

The automotive mobility value chain is becoming more critical, and companies involved in leasing, rentals, and fleet management must prioritize value to flourish in a constantly evolving industry.

The main focus of this report is to provide a glimpse into the future of the automobile industry in the US and Europe.?

It analyzes the value chain of mobility and predicts the changes that will occur in profit pools based on a combination of quantitative and qualitative data from various sources. Innovative ideas will ensure success in a rapidly evolving business environment.

EV Charging Etiquette?

1. Respect the Charging Station:

Be mindful of other EV drivers, and don't unplug their vehicles or disrupt their charging session. If a station is occupied, wait your turn.

2. Parking Properly:

When charging, park your EV within the designated charging space, ensuring you're not blocking other vehicles or creating obstacles for pedestrians.

3. Time Management:?

Charge your EV only as long as necessary. Avoid leaving your vehicle plugged in for extended periods once it's fully charged to allow others access to the charging station.

4. Communication:

Use charging apps or indicators on the station to check the status of a charging session. If your vehicle is fully charged or you encounter any issues, promptly vacate the charging spot.

5. Cable Management:?

Neatly hang the charging cable on the provided hook or post after use to prevent tripping hazards and damage to the cable.

Remember that good EV charging etiquette contributes to a positive experience for all-electric vehicle users and helps promote the adoption of sustainable transportation.

The Future of EV Charging: Advancements and Innovations

As electric vehicles (EVs) continue to gain popularity and become an integral part of the global transportation landscape, the infrastructure supporting them, specifically EV charging, is undergoing significant advancements and innovations.?

The future of EV charging promises to address current limitations and facilitate the widespread adoption of electric mobility. Here are some key trends and developments shaping the future of EV charging:

1. Faster Charging Speeds:?

One of the primary challenges for EV adoption has been the time required for charging. Innovations in fast-charging technology, such as ultra-rapid chargers, significantly reduce charging times.

These chargers can provide substantial power quickly, making long journeys more practical for EV owners.

2. High-Power Charging Stations:

Introducing high-power charging stations is becoming increasingly common, offering EV owners access to a more extensive network of charging options.

In turn, it helps reduce range anxiety and enables EVs to be used for broader applications.

3. Wireless Charging:

Wireless charging is a game-changing innovation that promises to eliminate the need for physical cables and connectors.

EVs equipped with wireless charging technology can park over a charging pad, which transfers power to the vehicle through magnetic resonance or inductive charging. This technology is still in its early stages but holds great promise for convenience and ease of use.

4. Bidirectional Charging:?Bidirectional charging, or vehicle-to-grid (V2G) technology, allows EVs to draw power from the grid and feed surplus energy back into it.

It has the potential to create a more resilient and sustainable energy system, enabling EVs to serve as energy storage devices and support the grid during peak demand or emergencies.

5. Increased Accessibility:

Expanding the accessibility of charging infrastructure is crucial for the widespread adoption of EVs.

It includes deploying charging stations in urban areas, highways, workplaces, and residential neighbourhoods to ensure EV owners can charge conveniently and regularly.

In conclusion, the future of EV charging is marked by advancements and innovations that address current challenges and make electric mobility more accessible and convenient.?

As technology evolves, the EV charging ecosystem will likely become more efficient, cost-effective, and environmentally friendly, further driving the transition to electric vehicles.

THAT'S ALL FOR TODAY!!

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Happy charging!!