Automotive
How to win a seat in the EV infrastructure value chain
The race is on. In 2022, EV sales exceeded 10 million units, a figure expected to reach 28.4 million units by 2027. Yet, the existing ratio of EVs to charging stations is far from sufficient, and their reliability is below expectations, with drivers enduring frequent failures in the HMI, plug or e-payment system, Advantech explains.
EV infrastructure trends To solve the infrastructure shortage and reliability issues, hardware development will focus on three major trends: rapid charging, multiple charging and fast deployment.
Software improvements are set to include charging station diagnostics, as well as enhanced user experience through UI/UX unification, and more advanced data management via stronger analysis capacity and data acquisition.
Regarding trends for the overall ecosystem, the industry will see EV charging stations helping to power the grid, as well as witness the implementation
14 February 2024
of bi-directional charging (V2G2V). Demand for energy storage systems, energy management technology, AI and integration with renewable energy will become centre stage. In the longer term, wireless charging will develop, along with the use of blockchain technology for information security.
Opportunities and challenges Every opportunity provides its own set of challenges, and EV infrastructure is no different. For hardware suppliers these opportunities/challenges include the development of integrated charging stations, turnkey solutions for energy monitoring
Components in Electronics
systems, greater energy storage and green energy management.
The story is similar for software suppliers, where advances in EV infrastructure will demand new solutions for power management, data analysis and cybersecurity.
To meet the high demand for EV infrastructure and provide a better experience for EV drivers, four major challenges require addressing by supply chain companies, factories and operators. The first is ensuring system cross-compatibility with different charging platforms specifications and communication protocols. The second is improving hardware durability and reliability
for use in harsh environments and with even higher power charging specifications. There is also a need to address differences in UI/UX solutions and finally, we need to expand grid capacity as there is currently not enough to support the high-power demand of charging stations.
Technology development cycle The Sustainable Development Scenario set out by the IEA (International Energy Agency) requires 215 million charging points worldwide by 2030 with a cumulative installed capacity of 1.8 TW, indicating both the size of the opportunity and the scale of the challenge. And time
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