Can Ev Charging Infrastructure Keep Up With The Pace Of Ev Sales

Are you planning to buy a high-end luxury vehicle? Well, now seems to be to the perfect time. Yesterday, Ford Motors Corp. locked horns with Tesla Inc. by slashing the price of its electric Mustang Mach-E by an average of $4,500. The move comes in response to Tesla Inc. recent cut of 20% in Model Y and scrapping of as much as $21,000 from its other high-end models earlier in January.

Slashing price comes due to the upcoming global recession and declining battery production due to China's pandemic's resurgence. However, as per the report of S&P Global Mobility, the market share of EV rose by 36 percent in 2022. Further, shares of all models of electric vehicles, along with hybrid vehicle sales in Europe, mainland China and the US, will rise to 70%, 49%, and 47% in 2030, respectively, from an estimated 19%, 18%, and 8% in 2022.  

So, are we prepared for growth? While conversing about electric vehicles and switching to one, the most significant issue in every conversation is: charging.

With a tremendous growth rate, tackling the issue of charging of EV is the bottleneck, which can either vivify the EV industry or chock it to death!

So, to widen the neck of the bottle, nations are coming up with various initiatives. Unfortunately, few are researching self-charging roads, while others are building more and more charging stations.

China built 650,000 public EV chargers last year, ten folds to the charging stations built in the US. Sweden is placing its bet on electric roads. Since 2013, when the Swedish Transport Administration electric road program was launched, assessment, planning and research on self-charging roads began.

About 20-30Km long, the prototype road between Hallsberg and Örebro will be built by the end of 2026. And building another 3500 km by 2045 will be a long shot.

When Sweden began experimenting with the idea of electric roads, Korea already had its first electric road ready to test drive. Germany experimented with the idea around the same time as Sweden. By the end of 2019, Germany had launched 10-km long electric lines over a road stretching from Bundesautobahn 5 south of Frankfurt.

Today, as we speak, many countries are experimenting with the idea. For example, the US will build a one-mile-long EV road in Detroit. In the coming three years, India will also hop on the trend to turn the Delhi-Jaipur expressway into an e-road. UK also tried its luck in 2015 but closed within a year due to funding constraints. Later, in 2022, a study revealed that the Electric road system would be the lowest carbon-emitting option for the country, which again raised the hopes of UK citizens about the electric roads. Still, no announcement has been made till now.

Although nations are trying their best to hold together EV sales and the charging issue, we can only hope that the neck of the bottle remains wide so that everyone can go on those long road trips without worrying about “where to charge”.

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