Growing  demand for electric vehicle charge points
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Growing  demand for electric vehicle charge points

Many new electric vehicles are launching every day in the market. As the share of electric vehicles in the Indian car fleet is increasing, the question of the infrastructure to be put in place to meet recharging needs arises. The charging station market is currently booming. However, it is not homogeneous because there are three types of customers for whom the offers differ:

• The individual market

• The business market

• The local government market

The offers offered to private customers consist of the installation of a charging station suitable for secure environments. A real compact terminal of the home charging station gives the possibility of controlling energy consumption and is economical to use. The business market is governed by national contracts between major car manufacturers - such as TATA - and electric mobility operators, responsible for installing charging stations in private homes. In the case of Tesla, the strategy is even more advanced since the company wants its customers to be able to recharge at home via the Tesla storage terminal. The energy comes from Solar City solar panels (bought by Tesla in 2016) placed on the roof of the user's house, which thus becomes energetically autonomous and independent. Within the private individuals market, the condominium segment offers significant growth prospects because it is relatively underdeveloped to date. We can also draw a parallel between the offers in this sector and those offered to companies.

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Image credit: PSMARKETRESEARCH

The business market is centralized around three charging needs: the company's fleet, employees' vehicles, and customers. Unlike the individual market, mobility operators in charge of deploying terminal fleets have significant added value. Indeed, they offer real support throughout the process: a study of the solution to be implemented, sizing of the fleet of electric vehicles and the associated park of terminals, study of dynamic load management, etc. The existing solutions allow companies to optimize the profitability of their fleet of electric cars compared to diesel vehicles on trips of less than 10,000 kilometers per year. It is therefore possible to quickly amortize the investment required to renew a vehicle fleet made up of electric vehicles and a charging station system. Companies engaged in this process - from the energy sector as well as from other fields - can also highlight the ecological aspect.

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Image credit: Ecogears

Expected evolutions and changes in the charging station market

The technological evolutions under development could call into question the structure of the charging station market. The energy storage capacity of electric car batteries is increasing thanks to the appearance of new technologies, such as hydrogen, lithium-ion, or even metal-air batteries. However, there will always be a need to charge vehicles, if only at home, which will also allow energy from the battery to be fed back into the electrical network (vehicle to grid).

In addition, charging stations are beginning to evolve towards “smart stations” giving the possibility of remote management of functions for both users and operators. Thus, they make smart charging possible, that is to say, the analysis of the needs of the vehicle, of the user's contract, and the state of the network, to offer the best charging of electric vehicles. However, these options have a significant cost since any increase in fixed costs directly impacts the margin of the terminal. And the latter is already low depending on the place of installation, the desired power, and the mode of management. These new services are therefore a plus for customers but are not profitable to date. However, numerous charging networks are currently being developed across the country like Kazam EV which is striving hard to fulfill the demand for EVCS.

Wrapping Up

The charging station market is currently booming due to the government's desire for e-mobility (on roads, in private homes, and businesses) up to 2030 across the entire region. In addition, new players, and in particular many mobility operators, are entering this market. Moreover, despite technological advances in vehicles and recharging means, the market should not undergo any major upheaval. Indeed, there will always be a need for charging stations that ensure the future of the terminal. As for the offers offered, the trend is towards the generalization of interoperability to offer access to the load to as many customers as possible. Finally, given the forecasts on the number of electric vehicles in the next ten years, we can wonder about the capacity of electricity production in India: can the demand be satisfied by national production alone?

Who are we?

At Kazam, you can find every possible assistance about Electric vehicles and their charging stations in India. We also take care of our EV buyers and give them customized EV solutions as per their needs. From battery and charging solutions to the range and cost of electric vehicles, this is the one-stop-shop for every EV requirement. For more information, please visit Kazam EV at https://www.kazam.in/, or write to us your concerns on our social media handles Kazam EV, and we will try to respond to your queries at the earliest. Book an appointment today!
 

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