The demand for electric vehicle charging stations have never been higher than they are in this very moment. With almost every major auto manufacturer on the planet announcing a next generation lineup of electric vehicles, there will no longer be a shortage of electric cards to choose from. In the past, three main barriers existed between adoption and electric vehicles: cost, battery range, and charging infrastructure
Indeed, the upfront cost of an electric vehicles relative to a comparable internal combustion engine vehicle is still relatively high, but there are a lot of fuel and maintenance savings associated with driving electric. Consumers and businesses are becoming increasingly aware of this, and choosing to instead invest their money into an electric vehicle because of the long-term operational savings. Government subsidies are also helping in this regard.
Electric vehicles now have battery ranges that average between 150-320 miles, which shows significant improvement from what the ranges were 10 years ago. If there’s still one area where we have room for improvement, it’s in the build-out of a universal level 3 charging platform where any electric vehicle, including GM, Ford, Tesla, Porsche, Hyundai, Rivian, and others can plug in and get a charge, as well as the improvements we will have to make to the grid to support the electrification of vehicles.