Charging Infrastructure is the backbone of the EV revolution. Parul Chhabra explains how the transformation in road transportation brought about by a shift towards E-mobility is causing pathbreaking changes along the value chain.
As electric vehicles (EVs) trend from being niche to mass scale and the lines between EVs and their combustion engine (ICE) counterparts get blurred in terms of usability, consumers, automakers, governments and fire departments continue to have some apprehensions.
Parul Chhabra argues that attaining mass scale potential of electric vehicles will be determined by satisfying consumer concerns which go beyond pro-environment government policies.
The present-day principal driver in the Li-ion industry is the large batteries required for electric vehicles. Due to the size of these batteries and the relative growth of electric vehicles it is predicted that the total Li-ion energy capacity will exceed one tera watt-hour by 2030. This anticipation for a dramatically rapidly expanding industry has stakeholders all along the value chain very motivated to be ready.
Although market analysts believe that low oil prices will not derail the shift that has started towards clean mobility, the automobile sector including EVs has not been immune to the impact of Covid-19.
The last three months have been unprecedented. But amidst the chaos and despite the drop in global GDP, there has still been a considerable amount of activity in the electric vehicle (EV) and battery world.
The electric vehicle market is expected to be by far the largest and most dominant market for lithium-ion (Li-ion) batteries. Despite the strong desire to increase EV sales by all involved in the value chain, proliferation has been curbed due to the high cost to the consumer and the perceived disadvantages of owning an EV. Range anxiety, a lack of charging stations and fire safety worries, are among the top concerns.