The Next Gen Fuel Station – EV Charging Station
Fuel Charging Station
Public EV Charging Stations are the vital power source adopted by electric vehicles for daily and long route commute. With the widespread adoption of the electric vehicle across all continents like Australia, Europe and North America, countries are looking for efficient public charging infrastructure to be developed in the sector. There are about a million electric vehicles today, and it is expected to grow to 175 million by the end of 2030. The European Council of environmental Ministers has already declared a well-regulated ban on the manufacturing and selling of ICE engines in all European countries by 2035.
With a rise in electric vehicles on the road, there has been a quick change in consumer behavior as people are getting more aware of the carbon emissions, sustainability, and long-term gains. Additionally, more EVs on the road will soon reduce the need for 2 million barrels of oil every day.
Charging infrastructure
An enhanced charging infrastructure, i.e., highly accessible and convenient, is the modern-day need. Hike in gas prices, high carbon emissions and low-efficiency ICEs have resulted in consumers switching to electric commute. The fuel stations are already well established, and additional charging infrastructure can lead to a better opportunity with the current market shift. This new mobility has resulted in a slowdown in fuel stations, and the demand will gradually reduce in the mature markets. With more and more innovation, the concept of DC fast charging has been adopted by many manufacturers to charge their vehicles in less time.
A few automobile manufacturers have adapted to the market shift. In the coming decades, more Electric vehicles will take over the market share due to regulatory support & sustainability objectives. The rapid adoption of EVs by Business fleets, taxis and others has resulted in good growth in the sector.
Fuel retailers can contribute to sustainability by providing green and eco-friendly alternatives to emission-heavy fuel alternatives. Today’s investment by fuel giants is consolidating their position in tomorrow’s mobility ecosystem.