With the rise of environmental conservation, people are becoming more conscious of their carbon footprint on the Earth. From using paper straws to solar energy, sustainable choices are endless. One of the up-and-rising solutions is the use of electric automobiles.
To alleviate carbon emissions, replacing fuel with electricity has proven to be effective. As this methodology moves on to vehicles, EV charging stations have multiplied internationally to meet global demand.
Estimated to grow to $226.3 billion by 2031, the use of EV charging stations is progressing exponentially. Its rapid growth is primarily attributed to 5 essential standards: Combined charging systems (CSC), CHAdeMO, Tesla Supercharger, AC Level 1 and 2, and DC Fast Charging.
Here are some impacts of EV Charging Station Standards that directly affect industry growth:
Recognized as the driver behind EV Charging Station’s growth, its primary selling point is being easily accessible. With interoperability, several devices, technologies and methodologies are simply integrated to work as one.
No matter the brand or manufacturer of a vehicle, this ability allows any automobile to be served at a charging station. This allows a range of standards from CSC to Tesla Supercharger to be available onsite. Through such simple access, EV owners can charge their vehicles at any EV charging station worldwide, leading to a spurt in industry growth as the target market is much more significant.
Standardization is the key to EV charging stations, removing the potential war waged on proprietary technology. EV charging manufacturers can then focus on the products at hand. Since every station is expected to be similar, the guidelines for building one are usually identical.
By establishing ground rules, each manufacturer is bound to build an EV charging station based on existing regulations. As in managing a project, meeting project deliverables with a step-by-step guide eliminates miscellaneous costs. Hence, the only competition among EV charging station manufacturers is the prices offered. To set each other apart, costs are bound to be reduced to entice consumers. Through lower costs for clients to charge their vehicles, the industry growth of EV charging stations is inevitable.
Since all EV charging stations provide the same features, manufacturers must think outside the box to stand out from each other. The only way to drive revenue is to optimize the quality or features each station provides.
From additional features offered to discounts and benefits, creativity must flow for their businesses to grow. Without gatekeeping technology, EV charging stations would have to flourish based on the individual enhancements of every manufacturer. This leads to healthy market competition that helps propel the improvements and growth expected within the industry.
While all EV charging stations equip the five vital standards, every EV car owner no longer has to be anxious about ‘filling their tank’. Easily accessible to every owner regardless of their vehicle type, it brings convenience to a whole new level. This simple plug-in for charging vehicles in any facility is a game-changer for first-time EV users.
Gone are the days of incompatible fuel or cable heads; with EV charging machines, no automobile would go home hungry. As owners become more confident owning an EV, they start getting acquainted with the idea of charging their vehicles at any station. Through the installation of a commercial electric vehicle charging station, getting ‘gas’ has never been easier. This leads to consumers owning EVs longer due to their comfortable charging experience.
EV charging stations can consider using clean energy sources such as solar or wind power to fuel its electricity. When properly optimized, it can be a huge driver of sustainable climate change.
If EV owners can use this option easily, the impact could be substantial, as every automobile would run on clean energy resources. This directly impacts industry growth as people kill two birds with one stone, getting convenience without the cost of harming the environment every time they drive.
EV charging station standards play a critical role in driving industry growth. As long as people focus on reducing environmentalism to improve the world, EV demand will only keep increasing, leading to significant industry growth. The impact of charging station standards is endless, from encouraging EV adoption to prolonging their usage with existing owners. Yet, the main goal is the same: reducing carbon footprint, one at a time.