As the demand for EVs grows, so does the need for a robust and reliable charging infrastructure.
The world is seeing a massive shift towards electric vehicles (EVs) as countries push towards a greener and more sustainable future. EVs produce zero tailpipe emissions, meaning they don’t release pollutants like carbon dioxide (CO2) and other harmful gases that contribute to air pollution and global warming. By transitioning to electric vehicles, there is a significant potential to reduce greenhouse gas emissions and improve air quality, making them a more sustainable transportation option.
As the demand for EVs grows, so does the need for a robust and reliable charging infrastructure. This is where IoT technology comes into play, enabling the expansion of EV charging across the world.
According to the International Energy Agency (IEA), the number of electric cars on the road surpassed 10 million in 2020, up from just a few hundred thousand in 2010. This growth is expected to continue at an accelerated pace, with the IEA forecasting that by 2030, there will be 145 million electric cars on the road, representing about 7% of the global passenger car fleet.
Improved charging infrastructure
To support this rapid growth, there needs to be a corresponding increase in EV charging infrastructure. And this is where IoT technology comes in. The Internet of Things (IoT) is a network of interconnected devices that collect and exchange data through the internet. These devices can be embedded in everyday objects and are able to communicate with each other and with other systems, providing real-time data and insights.
Smart charging stations
IoT technology is already being used to expand EV charging infrastructure across the world. For example, charging station operators are using IoT sensors to monitor the performance of charging stations, ensuring that they are always available and working efficiently. This data can also be used to predict future demand and plan for future expansion.
Smart charging stations equipped with IoT sensors can also communicate with the grid, helping to balance supply and demand. This means that charging stations can adjust their charging rates based on the availability of electricity, helping to prevent overloading the grid.
Seamless and user-friendly experiences
IoT technology is also being used to create a more seamless and user-friendly experience for EV drivers. For example, IoT-enabled mobile apps can provide real-time information on the availability of charging stations, as well as the status of the charging process. This means that drivers can plan their journeys more effectively and avoid running out of power.
The expansion of EV charging infrastructure is set to continue at an accelerated pace. BloombergNEF forecasts that there will be over 30 million EV charging points worldwide by 2030, up from just over 1 million at the end of 2020. This represents a compound annual growth rate of 46% over the next decade.
IoT technology is set to play a crucial role in this expansion, providing real-time data and insights to support the growth of EV charging infrastructure. As the number of EVs on the road continues to grow, the importance of IoT in fuelling the expansion of EV charging infrastructure cannot be overstated.
We’ll just leave this here…
With an ever-expanding demand for EV charging infrastructures and beyond, it’s crucial for businesses to feel confident that their IoT technology can stand up to the challenge. With flexible commercials to suit your business’s route to market, eSIM-as-a-service and 24/7 technical support to boot, OV has you covered. If you want to learn more about how OV can power your success, talk to one of our team today.