The EV Charging Stations Development is In Focus
The electric vehicle (EV) revolution is gaining ground quickly, and over the next 15 years, it is anticipated that the number of EVs on the road will soar. By 2035, there will be 130 million electric vehicles on European roads, according to a joint estimate from Eurelectric and Ernst & Young. The analysis projects a "deficit" of nine million public charging stations due to the exponential growth of EVs, which will require a significant expansion of the infrastructure (at least 65 million chargers combined).
In Europe, there are currently only 350,000 or more public EV charging stations, with three nations housing 70% of them. However, because a lack of infrastructure is the biggest barrier to EV adoption, the need for charging infrastructure across a wider geographic area is becoming more critical as EV popularity grows.
This EV demand will lead to a wave of innovation in the short- and medium-term. Already, we're observing an upsurge in creative solutions that address both technological and go-to-market sides of this problem.
The "deficit" in public charging must be filled by innovation. One type is go-to-market innovations, which help businesses "sell" their products more successfully.
The "altnet" and alternative telco industries give important insights into the various pricing patterns and entry tactics used by EV charging companies.
By 2030, it is anticipated that approximately $264 billion will be invested in infrastructure for public and private charging, power grid improvements, and renewable energy production, with the installation of new public and private charge points accounting for 60% of that total. This offers investors a sizable opportunity with a strong cohort of high-quality startups with excellent fundable business plans.