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More DC Fast Charging Stations Needed to Maintain EV Industry Growth

April 30, 2024

If the electric vehicle (EV) industry is to maintain its momentous growth, it will need to rely on the mass installation of the DC fast charging stations. Because, in essence, there is no one without the other. The sustained success of the EV industry requires an established and far-reaching network of DC fast charging stations.

Currently, there are 15 DC fast charging stations for every gas station. Although that may seem like a significant milestone, at the current rate of EV adoption, that ratio won't be sufficient.

All predictions point to the adoption of electric vehicles (EVs). These predictions are facilitated by growing concerns surrounding pollution and the need for sustainable transportation solutions.


EVs on the Road Necessitate More DC Fast Charging Stations

In 2023, 14 million new electric vehicles registered an increase of 35 percent year-on-year. In contrast, only 900,000 EV charging stations were installed in the same year. This means there's one charging station for every 26 EVs.

Figures like these point to a desperate and urgent need for the increase in installing the 30kw DC EV charger.

Going forward, as EVs — both commercial and passenger vehicles — become widespread, the strain on the current DC fast charging stations network will increase. This widespread EV use will require a substantial investment in the 30kw DC EV charger and other infrastructure to support the use of EVs.

Governments worldwide are also supporting — and incentivizing — global decarbonization initiatives, which will further propel the EV market and, by design, the 30kw DC EV charger market.

But for more EV charging stations installed, there'll need to be a considerable partnership between EV charger manufacturers, like EVCOME, and commercial EV charging businesses.


Businesses Will Benefit From Public DC Fast Charging Stations

Consider why gas station convenience stores are so popular they're conveniently located beside an area drivers of internal combustion engine vehicles have to frequent at least once a week.

EVs also need to be charged at least once or twice a week. But unlike an internal combustion engine vehicle that fills up in about 5 minutes, EVs take about 30 minutes to charge to 80 percent with a 30kw DC EV charger.

That's the time EV drivers will spend visiting the businesses surrounding the public EV charging stations.

This answers the question of who will benefit from investing in public DC fast charging stations. Those who benefit most from DC fast charging stations are the property managers who can monetize parking spaces. Retailers, restaurants, and businesses in the vicinity of the EV charging station will also benefit. In the 30 minutes it takes to charge an EV to at least 80 percent, drivers will patronize the surrounding businesses.

By generating interest in surrounding businesses, commercial property managers will ultimately benefit by reducing vacancy rates because your rental space will be in greater demand.


Why the 30kw DC EV Charger Will Revolutionize the Fast Charging Market

EVCOME's 30kw DC EV charger will be crucial in broadening the public EV charging network. This 30kw DC fast charging station is faster than Level 2 AC charging, which usually provides power at a range of 7kW-22kW.

Furthermore, the evolution of enhanced battery technologies has further improved driving ranges and charging speeds. These advancements escalate the need for efficient DC fast charging stations. Battery improvements also ensure the passenger and commercial sub-segment have a strong market presence.

As a result, fleet vehicles, including last-mile delivery vehicles and ride-sharing services, can minimize their time spent at charging stations and maximize their time on the road, which significantly boosts their overall productivity.

Having this technology available at a public charging station will also aid in the EV market growth. As charging becomes faster, it will also make purchasing an EV more attractive to new car buyers considering switching from their internal combustion engine cars.

The faster charging also means electric vehicles are more appealing for commercial fleets.

Tech Advancements Guarantee the DC Fast Charging Stations' Growth Will not be Hindered

Currently, the greatest potential threat to the growth of the EV charging industry is the proliferation of big data.

While big data hasn't dampened the substantial growth in recent years, it could pose a risk to growth in the future.

This challenge exists because of a growing need to ensure that data is secure and used effectively to optimize charging solutions.

EVCOME, a renowned EV charging station manufacturer, is leading the charge in tackling these risks head-on by prioritizing security features in all the DC fast charging stations they build.

As a whole, the industry is also expected to continue innovating and improving the technology to meet the demands of consumers and support the decarbonization initiatives of governments worldwide.


Combined Charging System Will Make 30kw DC EV Charger More Accessible

While the global market for DC fast charging stations is witnessing significant growth, the segment for combined charging systems (CCS) is leading the way.

The world's leading electric vehicle manufacturers — particularly in North America and Europe — are moving away from singular charging systems and to a widespread adoption of CCS.  

Because of this shift, adoption rates of the 30kw DC EV charger will skyrocket. These predictions are supported by the European Union's mandate that CCS2 be used in all charging networks in the region.

Beyond Europe, CCS is rapidly gaining popularity due to its compatibility with various vehicle models, which promotes global interoperability. As a result, CCS is expected to maintain its dominance in streamlined infrastructure development across numerous regions, including Greenland, Iceland, and parts of South America and Asia.


Where to Next for the 30kw DC EV Charger?

EVCOME has developed a 30kw DC EV charger that will bring faster fast-charging to the public.

EVCOME's 30kw DC EV Charger includes a user-friendly LCD, remote communication, and security protections.

The charger is also compliant with GB/T, CCS1, CCS2, and CHAdeMO.

DC fast charging stations will be the ultimate winner, given the rise of electric cars preempting the demand for high-speed charging solutions.

Ultimately, it is an opportunity that can be leveraged by companies that can provide innovative and efficient charging solutions to meet the ever-increasing demand.

 


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