Global EV Charging Infrastructure Rollout Its Not Just About Volume
The Global EV Charging Infrastructure rollout isn’t just about volume; it’s also about safety. Manufacturers are partnering with car rental services and integrating their chargers into existing infrastructure. Safety is a priority, as is interoperability.
EVCI manufacturers are collaborating with car rental services to integrate chargers into the existing infrastructure
The EVCI market is still in its early stages and is unorganized. However, many players from different sectors are getting into the game with different business models. Here is a look at how EVCIs fit into the infrastructure of car rental services.
Companies such as EESL, a leader in the EVCI industry, are working with car rental services to integrate chargers into their existing infrastructure. EESL will invest in the upfront costs of establishing the charging infrastructure. The other party will provide space for charging stations and power connections.
Safety is a top priority
Developing an EV charging infrastructure network requires close collaboration between industry leaders and government authorities. The NEVI Formula Program is a bipartisan effort that will leverage the best technology, talent and resources to implement the network. It will also implement the electrification provisions in the Bipartisan Infrastructure Law. The goal of the program is to create a coordinated Federal approach to developing a global EV charging infrastructure. The first phase of the initiative will launch December 14th.
EV charging infrastructure needs to provide consumers with safe and convenient charging experiences. The availability of public chargers is critical. But there are still challenges, including unreliability and safety concerns. For example, range anxiety – the fear of not having enough electric charge to reach a destination or another charging station – makes consumers hesitant to purchase an EV. Additionally, the lack of minimum standards for charging stations reduces the reliability of charging.
Interoperability is a key component of EVCI
As EVs continue to grow in popularity, drivers need reliable access to public charging infrastructure. Two of the top complaints of EV drivers are limited range and lack of public charging stations. These problems can be mitigated with a simple solution: interoperability. This standard allows EV drivers to use a single credential to charge their vehicles at multiple public charging stations. This helps eliminate the worry of limited range.
For this reason, governments need to work together to develop a global ecosystem to facilitate EV charging. This ecosystem should be well-governed and have a single governing body that serves as a central coordination unit for all stakeholders. This will send a strong signal to the market and create regulatory certainty, which is necessary for implementation. It will also help eliminate funding and governance gaps that hinder EV rollout.
Cost of deploying EVCI
The cost of deploying EV charging infrastructure varies from project to project. For example, the average installation cost of a single Level 2 charging port is $4,173. However, that figure falls dramatically to $2,638 for the installation of six charging ports. Installation costs also include the cost of trenching and laying conduit.
While the exact cost of deploying an EV charging infrastructure varies from one area to another, multiple studies have compiled estimates. These studies consider the equipment, installation costs, and any utility upgrades or grid interconnections that are needed. They also consider the challenges that come with deploying the infrastructure.