The Future of Electric Mobility and Charging Infrastructure

With a rising global market for electric vehicles, the future of electric mobility remains promising. The trend towards renewable methods of electricity generation is still present, making electric vehicles a financially sound choice.

FREMONT, CA: The future of electric mobility is bright, with the market for electric vehicles expanding worldwide. Despite concerns over rising energy prices, inflation, and raw material shortages, the trend towards renewable sources of electricity generation continues, making electric vehicles an economically viable option. In the UK, battery electric vehicles account for 16.6 per cent of new car sales, with a predicted rise in the demand for electric vehicles in the public transport and heavy-duty vehicle sectors.

To cope with this increase, it is essential to expand the charging network, with a rise in demand across all three areas of the charging infrastructure. Charge stations at hotels, leisure facilities, tourist attractions, shopping centres, airports, and business parks make more sense than super-fast but expensive DC fast chargers.

The cost of electricity for electric vehicles is set to decrease, as renewable energies become more widely generated, and the electricity grid becomes smarter. The average daily distance for EV users does not require them to visit public charging stations. An alternative is to plug in using AC power at work or home. In the long term, variable charging tariffs will be offered, automatically reducing the cost of grid-supported charging.

Scandinavia, the Netherlands, and Germany are a few of the European countries that have developed charging infrastructure ahead of other countries. Roadside charging stations can be planned and built within a few months, and a charging station at home or work takes even less time. The charging stations complement each other to form a comprehensive network.

The future of electric mobility lies in the recharging infrastructure, making it essential to select the appropriate charging station for each site. The public charging infrastructure can be financially sustainable with related services, including food and drink sales in the charging areas.

Government subsidies are helping to significantly increase the market for electric vehicles in Europe. Governments are promoting the use of electric mobility, particularly for residential and commercial infrastructure, by reducing taxes and offering grants. For instance, people in the Netherlands are eligible for a 36 per cent tax discount on the cost of buying and setting up charging stations. Greece offers an additional incentive by offering a tax return of up to 75 per cent for these expenses.

The expansion of electric vehicles requires the installation of charging infrastructure. A well-developed charging infrastructure boosts electric vehicle range, eases range anxiety, and lessens annoyance associated with charging. EVs are anticipated to rule the European transportation market in the future. The disparity between the advancement of EVs and their infrastructure for charging them is being acknowledged throughout Europe. So, where to charge EVs, who will create the infrastructure, and whether energy grids or fast or ultra-fast charging networks will be prepared for the anticipated EV increase are the key concerns under consideration.