The EV industry is set to boom in a big way, you have likely heard this ‘n’ number of times by now. As a supplier you may have been thinking, how exactly am I going to benefit from this, given the vast application area and complex value chain among many other variables? This paper will focus on clarifying the EV space for panel builders, OEMs, machine builders and provide the driving factors, areas to focus on, and how to make the most out of this new trend.
Let us start with understanding the scope first.
The electric mobility ecosystem consists broadly of three components:
So, let’s take a deep dive into charging stations.
Charging stations can be summarized in the following categories:
These are also some other techniques to power up your EV, but they are still emerging and may not be viable, considering challenges such as energy wastage in wireless charging or requirement of battery standardization across the industry for making battery swapping possible.
The question is where the largest market opportunity is. Per McKinsey analysis, significant share will be the Level 2 AC charging stations. The reason is quite obvious, most of the time, a vehicle will be off road, parked, whether at the workplace or home.
Another important factor which contributes to rapid adoption of Level 2 charging stations is the low upfront cost, which is often less than $5,000. Whereas the DCFC costs range from anywhere between $25,000 to $200,000, depending upon the power capacity.
Now comes the interesting part — volume and number of chargers. It is estimated that the US alone will have 13 million chargers by year 2030. Referring to the above graph, Level 2 charging stations will keep on increasing their share across the US and EU.
Is this really going to happen on such a large scale? It looks very possible. Electric is the future, thanks to the push from climate change. Governments are heavily subsidizing and incentivizing this space. For example, a recent announcement by US President Joe Biden, proposes spending of $174 billion for EV push, out of which $15 billion would be allocated for setting up 500,000 charging stations.
The above should have provided you with a basic understanding of the commercial considerations in this space. Now, let’s look at the technical aspects of Level 2 charging stations.
Level 2 charging stations operate with an AC input voltage of 240V (typical in residential applications) or 208V (typical in commercial applications). This charging station can pump up to 80A or 19.2kW. However, most Level 2 charging stations operate at much lower power, i.e., up to 30A or 7.2kW of power.
Below is an example of how a simple level 2 charging station looks internally.
Due to the requirements of various standards, such as UL 2594, IEC/EN 61851-22, charging stations not only include control devices but also protection components (apart from J1772 connector).
We hope the information provided in this paper has helped you better understand the Electric Vehicle market. c3controls offers most of the products required to build a charging station. We are just a phone call away, ready to assist you in your journey in EV.
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Check out the other articles in this Series on Electric Vehicles - New Trends in Technology.
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