Inductive charging translated into wireless electric vehicle charging system builds a promising picture, while commercialization remains an issue for most parts.
Wireless charging has been around the corner for electric vehicle charging systems for a long time in the past decade. In recent research approaches, electromagnetic induction for charging has been developed aggressively to achieve high-speed charging rates, ranging up to 75-80% power recharge within half an hour during test modes. Embedded coils at halt junctions in road and those at parking spots come across as the first choice of installation. Vehicle manufacturers, such as Mercedes-Benz foresee beyond evident market, while dropping subtle hints on launch of technologically adaptive models. Cost restraints act against the commercialization of such systems owing to its unprecedented installation costs.
Revisiting Market Provisions
Electric vehicle charging system, or electric vehicle supply equipment (EVSE) collectively provide for charging and recharging facility for plug-in electric vehicles and plug-in hybrids. Global markets estimate rapid pace in replacement of current automotive vehicles with the much cleaner and emission free alternative. Technically, users have residential stations, parked and fast charging facility, or quick switch and rapid charging solutions, available as Level 1, DC, Level 2, and Level 3 charging.
EVSE Market Concerns
Electric utilities as well as private vendors have stepped in to set up facilities equipped with electric car charging system to consumers accord. Understanding of the system, materials, devices, and its fittings are extremely necessary for facility investors, consumers, and approval authorities. Safety concerns bag topmost priority levels among regulatory organizations. It is ensured that a detailed listing of system components is maintained where electrical and design specifications of cord sets, power outlets, and permanent connections at stations meet safety standards. Protective decoupling interlocks and self-decoupling cables enabled with overload detection are included for retracting HV charges when system is not loaded.
Talking Consumer Benefits
The switchover to electric vehicle charging system initiates a learning process, in due course of which, its benefits are revealed layer by layer for EV users in the market. Withal talks about environment preservation, global population grow aware of perks that come along with EVSE. Tax benefits and rebates are offered by electric utilities and governmental organizations for motivating customer adoption. Special infrastructure benefits shall facilitate overall increase in consumer acceptance plus bridge the inconvenience-gap. With widespread deliverance of services in the neighborhood of end-customers, cost-optimization is bound to be achieved in the long run.
Market Evaluation and Prospects
Recently, CARTA announced the launch of electric cars as a shared medium of transport between several charging stations over Chattanooga, Tennessee. A report on “World Electric Vehicle Charging System Market - Opportunities and Forecasts, 2015 – 2022” has been published by Allied Market Research attending to such contexts in market. Expert analysts at the firm deliver quantitative trends with regard to present market size and structure. The report presents financial projections in a comprehensive format, depicting market share individual to sundry equipment, charging modes, leading vendors, facility providers, and regional consumption relevant to electric vehicle charging system. Business stakeholders and prospective investors gain a fresh perspective to profitable regions that prevail within the operations of leading market players.
