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The emergence of electric mobility is highlighting the importance of establishing a robust EV infrastructure network like public EV charging to supplement mass EV adoption. Coupled with environmental concerns, the global population’s preference has shifted to ultra-modern, sleek, compact and noiseless electric mobility solutions. Growing prices of conventional energy sources have also played a significant role in this paradigm shift, with affordability and cost-savings becoming critical pain points for users looking for mobility solutions. All these aspects indicate that establishing electric mobility as benchmarks and establishing EV infrastructure and public EV charging has become more imperative than ever.
However, as the world’s preferences shift towards the EV ecosystem, several challenges have come up that have become obstacles to mass EV adoption. Industry stakeholders and governments have shifted their focus towards addressing these challenges to supplement mass EV adoption, with a growing emphasis on incentivizing EV purchase, research & development into battery and motor technologies. These initiatives have not only extended comprehensive support to mass EV adoption but also established critical EV infrastructure like public EV charging stations — leading to significant growth of the industry worldwide. The global EV market is expected to reach a valuation of $786.2 billion in 2024, a figure that closely corresponds with the estimated 15 million public charging stations worldwide by 2030.
The EV ecosystem offers a better and more futuristic way to address mobility challenges. In India, the government’s goal is to integrate this new-age mobility solution as an important part of the new private vehicle registrations, with 30% penetration amounting to 8 Crore vehicles by 2030. To achieve this figure, the government, along with industry stakeholders are focusing heavily on establishing supportive EV infrastructure like public EV charging stations, supplementing mass EV adoption among the population. Estimates suggest that India will require at least 39 lakh public charging stations to support this ambitious number, with a ratio of 1 station for every 20 EVs.
Solving mass EV adoption challenges
While critical EV infrastructure like public EV charging stations is being established at an unprecedented rate, numerous challenges are also coming up that are limiting mass EV adoption across the globe. Concerns regarding range and charging time to maintenance and ROI generation have been identified as key pain points that are limiting the scope of mass EV adoption. Exicom has been at the forefront of addressing these challenges, offering era-appropriate innovative charging solutions to provide an electric experience for EV customers.
Supportive infrastructure
The role of public charging stations to supplement the comprehensive transformation of the EV ecosystem cannot be understated. Leveraging the constructive power of public charging stations, industry constituents are en route to revolutionise mass EV adoption. A robust EV charging network is considered a catalyst for mass EV adoption, as one of the primary concerns for EV customers is the availability of public EV charging stations in their proximity.
As one of the first entities to enter the EV charger manufacturing sector, Exicom holds a 60% market share in residential and 25% in the public charging segment in India, while also deploying over 70,000 AC and DC chargers in India and SouthEast Asia. Presently, Exicom’s charger powers EVs across 50+ international countries, while offering smooth synchronization with extensive automakers like Tesla, Tata, Volvo and others. Addressing range anxiety is considered a critical enabler to mass EV adoption, and Exicom is dedicated to helping customers in the same.
Existing charging technology
One of the major aspects of mass EV adoption globally is to modernize existing charging technologies to enhance range and reduce completion time. The vast majority of existing battery technologies are dependent on slow charging technologies which require a significant time to complete the charging process. Exicom has been one of the global pioneers in addressing this challenge in DC charging, equipping our state-of-the-art Harmony D chargers with fast charging capabilities, helping end users reduce the total time for charging and mitigating range anxiety. Furthermore, the sleek and compact designs of Exicom’s chargers, along with its IP66 rating help customers to use them across rugged terrains, enhancing the charging experience.
EV misconceptions
A considerable portion of global automotive users still hold misconceptions regarding electric mobility. Misconceptions like EVs being hyper-expensive, limited range, and costly maintenance and charging requirements limit the absolute penetration of EVs in the market. Exicom has identified this gap and has been working accordingly to educate the masses regarding these misconceptions. As one of the leading EV infrastructure providers, Exicom has been an advocate for public EV charging globally, an aspect that has helped the company spread awareness of and benefits of electric vehicles.
Public EV charging networks - A critical enabler
As global transportation modernizes rapidly, the benefits of public EV charging networks are becoming more evident than ever. Leveraging smart EV charging technologies, EV infrastructure like public EV charging stations’s benefits are far from limited to powering electric mobility solutions, but also accelerating and optimizing the rapid transition towards a greener future.
By integrating smart chargers that are equipped with universal connectors with public EV charging networks, the requirement for any further adapters is mitigated. Smart chargers not only offer a highly intelligent and optimized charging outlook but are also versatile enough to adapt extensive parameters to cater to distinctive requirements. Through the integration of software and algorithms, EV users are empowered to remotely monitor the charging status of their vehicles while also inducting new charging standards. This not only overcomes compatibility issues in the future but also directly translates towards a smoother transition from conventionally powered vehicles to the EV ecosystem.
Additionally, the emergence of fast-charging technologies directly contributes to enhancing mass EV adoption by mitigating user concerns. Helping to complete the charging processes faster than conventional chargers, this technology helps users resume their journeys sooner rather than later. It is particularly helpful to streamline commercial transportation around the globe, a critical enabler of mass EV adoption and therefore, global EV infrastructure.
Conclusion
The transformation of global transportation to electric mobility is not only supplemented by public EV charging networks but also as the critical enabler of the ecosystem. As mass EV adoption becomes an era-appropriate aspect for decarbonization and modernization of mobility solutions, establishing a public EV charging network will be critical. A robust global EV infrastructure will be imperative to reshape the future with greener alternatives, ensuring continued development and implementation of a new-age mobility system. Exicom is committed to offering comprehensive support to this transformation, ensuring a brighter and more sustainable future in the years to come.
