Growth in EVs hampered by limited public charging infrastructure
The number of Electric Vehicles (EVs) is set to grow to 130 million in China, Europe and the US by 2030, a trend that is being accelerated by the plummeting cost of battery storage – from $1,000 per kilowatt-hour in 2010 to $200 by 2020 according to a 2019 report by the World Economic Forum.
Governments, notably Norway, France, the UK and China, are actively regulating in favour of EVs, while global automakers are planning to spend $300 billion on electric vehicle technology in the next five to 10 years, with nearly half of that spending in China, Reuters reports.
According to Bloomberg New Energy Finance, there are now five million EVs on the world’s roads, serviced by 6,32,000 public charging outlets. Under a scenario where EVs hit 30 percent market share by 2030, the International Energy Agency (IEA) projects a need for somewhere between 14 million and 30 million public chargers to be deployed globally.
Lack of reliable public charging is one of the top reasons for consumers not buying electric vehicles, while major mobility stakeholders, particularly fleet operators and auto manufacturers need access to a secure and reliable EV charging infrastructure that will reduce costs and accelerate time to market if they are to invest in EVs.
“We believe the future of energy is decentralized, decarbonised and digitized, and electro-mobility is essential for the world to reduce carbon emissions,” said Christel Galbrun-Noel, President, Schneider Electric Automotive and Mobility Segment.
“We see that electro-mobility is key to achieving this future, but adoption is slower than needed. Additional regulations, efficient infrastructure, and reduced costs to drive consumer demand are essential if we are to reach the tipping point,” he added.
Schneider Electric EcoStruxure for e-mobility is a complete End-to-end EV charging infrastructure
To accelerate the worldwide adoption of EVs as a sustainable mobility form, Schneider Electric has launched EcoStruxure for eMobility, the world’s only end-to-end EV charging infrastructure. EcoStruxure for eMobility is aimed, among others, at fleet operators who need reliable and cost-effective charging solutions, auto manufacturers who want to foster EV adoption by giving their customers reliable access to charging facilities and utilities and charging point operators who also need to develop new business models that can accommodate EV growth.
Schneider Electric EcoStruxure for eMobility stands out in that it covers the entire EV charging value chain, from audit and consulting, to grid and microgrid management, and smart charging stations. It offers giving operators increased sustainability through minimized emissions and reduced energy consumption, while lowering CapEx and OpEx by more than 30 per cent. The solution, under the umbrella of EcoStruxure IIoT platform and architecture, improves visibility, cost control, efficiency and resilience, while reducing energy consumption.
About Schneider Electric
Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.