As More people purchased early automobiles, demand for gasoline stations grew in tandem. These days, as sales of electric vehicles (EVs) trend upward, demand for home-charging stations is increasing, as well.
The global plug-in electric vehicle (PEV) charging market is closely tied to the state of PEV sales and is entering a phase where electrical vehicle supply equipment (EVSE) is becoming a commodity, according to Navigant Research.
Talk to folks in the electric vehicle (EV) industry about commercial charging opportunities, and there is a very good chance you’ll hear that old which-came-first/chicken-or-egg metaphor applied to the market’s potential.
Fast-charging technologies are essential to the growth of electric vehicle (EV) use. Fortunately, the number of worldwide fast-charge stations is projected to expand. According to a report from IHS Automotive, the industry will grow by a factor of more than 100 times from 2012 to 2020.