6/8/2023
Following a dramatic rise in electric vehicle (EV) sales in recent years, investment in EV charging stations has become an increasingly pressing predicament for governments and large-scale organizations. The question at the forefront now is: What is the best way to invest in EV charging in the future?
The electric vehicle market, previously dominated by Tesla, has grown and diversified significantly in recent years. Established car manufacturers such as BMW, Vauxhall, Ford, and Audi have now embraced electromobility, helping to drive the ever-growing electromobility industry to a higher level. However, the influx of electric vehicles on the roads raises several concerns. One of the most commonly cited barriers for potential EV owners is the accessibility of EV charging stations. Many governments across Europe have begun to recognize the rise of electric vehicles and have already implemented electric vehicle infrastructure investment plans to address this. Most of these programs target the number of electric vehicle charging stations available. For example, the UK government has pledged investment in five times the number of charging points currently available in the country. This will help additional chargers, like our Lumina AC Public Charger seen here when charging popping up stations across the country.
However, the future of electric vehicle charging infrastructure depends not only on the increasing number of available electric vehicle charging stations. Electric vehicle charging is becoming increasingly specialized, and there are a number of different and new ways to expand this industry. Below, we briefly outline other ways to invest in an electric vehicle-friendly future. It is worth noting that there are currently three main types of electric vehicle charging stations: public, semi-public, and private. To keep pace with such a dynamic industry, future investments in EV charging infrastructure must continue to evolve and cover all three charging types.
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