As the world pivots to renewable energy sources, electric vehicles (EVs) are gaining traction as a popular choice for sustainable transportation. However, to scale EV adoption, the development of efficient fast-charging infrastructure is crucial. Microgrids have showcased the potential to be a viable solution to make EV fast-charging infrastructure both profitable and sustainable.
According to a report by Allied Market Research, the global electric vehicle charger market size was around $7.2 billion in 2022, and is estimated to reach $91.2 billion by 2032, at a CAGR of 29.3 percent from 2023 to 2032.
The environment, economy, and future of transportation are all significantly impacted by the rapid development of EV charging technology and infrastructure. The EV charging industry is undergoing a seismic shift, thanks to the development of wireless, ultra-fast, and bidirectional charging technology coupled with solar-powered charging stations.
EV Charging as a Service (EV CaaS) is also playing a key role in expediting EV adoption. A comprehensive, turnkey solution covering everything from equipment installation, software, maintenance, and support makes it a lucrative option for facility and property owners who want to add EV charging stations to their property.
This edition of Energy Tech Review delivers a bird’s-eye view of the recent developments in the EV Charging arena and insights into how organizations are aligning with these trends and adopting effective ways to make EV charging more accessible.
We have curated thought leadership articles from industry experts, including Tim Davis, Electrical Manager at F.H. Furr Plumbing, Heating, Air Conditioning, & Electrical, and Hurel Johnson, PMP, Director of Operations and Solar Generation at ENGIE North America.
We also took a deep dive into the market trends to narrow down the list of companies delivering innovative EV charging solutions and services. Equipped with innovative technological capabilities, companies like Hobbs and Company transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of Energy Tech Review’s EV charging solutions and services providers helps you build the partnership you and your organization need to foster an environment driven by efficient technology.
