The electric vehicle has slowly been gaining steam here in the United States and around the globe. While the technology has been around for a while now, car companies are starting to put more resources into electric vehicles as the younger generations are looking to get away from the gas stations, save some money, and help protect the environment. And it’s starting to pay off as, according to CNBC, the world’s electric vehicle fleet grew 54% in 2017 to 3.1 million vehicles and is forecasted to grow to 125 million by 2030, per the International Energy Agency.
One big reason for the expected spike in market share is the projection that electric engines will become much cheaper to produce than internal combustion engines by 2030, per Bloomberg NEF.
Electric vehicles are here and they’re only going to become more common, as are electric vehicle charging stations. According to EVAdoption, the United States had more than 20,000 public and private charging stations at the end of 2017, with nearly 87% being available to the public. But it’s not expected to stop there as the global EV charging station market is expected to reach $49.74 billion by 2025, from $3.22 billion in 2017 growing at a CAGR (compound annual growth rate) of 40.80% during the forecast period of 2018 to 2025, according to NBC.
So, the electric vehicle boom is expected to happen soon. The rest of the country and world is starting to prepare for it. But what about you?
Some may not know but there are actually multiple types of electric vehicle charging stations, though most break down into either paid or unpaid stations. A lot of public areas will feature paid/network charging stations that are accessed with a credit card by the users. But most private companies, businesses, and parking garages are able to handle the low cost of the charges and install the free/no-network electric vehicle charging stations.
That is what we offer here at Ideal Shield.
The Ideal Power Xpress Electric Vehicle Charging Station is an ideal solution for any commercial or public EV charging area as it is network-free, meaning free energy charges for all users. Our reliable and robust design features a NEMA 4x rating enclosure made out of galvanized steel and sleeved with a maintenance-free Ideal Shield Decorative Bollard Cover so it can be installed outdoors and withstand any weather thrown its way. The Charging Station is also available in single or dual units, as well as available in any color and with any custom decal to meet branding or style needs.
Whether you have a large company, small business, or parking garage that you’re trying to bring to the 21st century, we here at Ideal Shield have the perfect product for you. Contact our experienced sales team today to learn more about our EV Charging Stations and any of our other parking lot enhancement products.