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Old 26th July 2024, 17:08   #1
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USA: Number of EV chargers will overtake fuel stations within the next 8 years

According to a media report, the number of electric vehicle charging stations in the USA might soon overtake the number of fuel stations. As per a study, this change is expected to happen within the next eight years.

USA: Number of EV chargers will overtake fuel stations within the next 8 years-evchargers.jpeg

The study found that "charging deserts" - an area with few to no charging stations are fast disappearing. Various networks across the USA have reportedly added up to 704 new EV charging stations during the early half of 2024, bringing the current total to almost 9,000 fast-charging sites. This means that EV chargers now have a stronger growth rate than fuel stations.

Also, the study states that the spending on EV charging stations is expected to surpass $6 billion by the end of 2024. This amount though, is projected to double by 2030, thanks to strong consumer demand.

Apart from the regular networks, private businesses have also invested in the industry, with banks and other companies also installing chargers at various locations. The increase in EV chargers should, in turn, spur new vehicle developments in the market.

Source: Bloomberg

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Last edited by RahulNagaraj : 26th July 2024 at 17:09.
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Old 26th July 2024, 21:04   #2
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Re: USA: Number of EV chargers will overtake fuel stations within the next 8 years

This is something to ponder about. Looks like EV charging stations need lots of space, unlike a petrol fuel station. That is, a fuel station on a 100 ft x 100 ft property might be able to fuel 500 vehicles (number taken out of my hat) a day.

What could be the size of property needed to charge 500 EVs in a day?

Last edited by SmartCat : 26th July 2024 at 22:01.
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Old 26th July 2024, 23:28   #3
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Re: USA: Number of EV chargers will overtake fuel stations within the next 8 years

Quote:
Originally Posted by SmartCat View Post
This is something to ponder about. Looks like EV charging stations need lots of space, unlike a petrol fuel station. That is, a fuel station on a 100 ft x 100 ft property might be able to fuel 500 vehicles (number taken out of my hat) a day.

What could be the size of property needed to charge 500 EVs in a day?
Below is my calculation, the answer is 210ft×100ft to service 500cars, with 36 stations, each car arriving 1min 15 secs apart.

Unlike ICE cars, EVs can also be charged at home, shopping malls, hotels, restaurants, IKEA etc. If there is a need to service 500 ICE cars, the need will reduce to probably 100 EVs.

My observation is, 100ft × 100ft petrol station are usually small stations which usually don't serve trucks, some CoCo stations use 500ft× 200ft. Such CoCo stations on the highways can easily serve 3-4 cars per min.

USA: Number of EV chargers will overtake fuel stations within the next 8 years-20240726_225426.jpg
You can fit more than 14 stations if it is smartly designed.

Last edited by SKC-auto : 26th July 2024 at 23:30.
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Old 26th July 2024, 23:28   #4
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Re: USA: Number of EV chargers will overtake fuel stations within the next 8 years

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Originally Posted by SmartCat View Post
What could be the size of property needed to charge 500 EVs in a day?
That is the beauty of it. Charging doesn't need dedicated space like a petrol station. It can be setup in any parking lot. There are newer chargers which have a very sleek form factor. Recently Glida installed chargers in DLF Cyberpark, Gurugram. It is 200 KW charger with 6 satellite guns. Details in the article on this link

Today there is a need of dedicated EV charging spots because EV cars are lesser in number.

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Originally Posted by SKC-auto View Post
Unlike ICE cars, EVs can also be charged at home, shopping malls, hotels, restaurants, IKEA etc. If there is a need to service 500 ICE cars, the need will reduce to probably 100 EVs.
Exactly my point

Last edited by ferrarirules : 26th July 2024 at 23:36.
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Old 31st July 2024, 07:10   #5
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Re: USA: Number of EV chargers will overtake fuel stations within the next 8 years

India also needs a massive number of EV chargers to fuel the growth of the EV sector, if we had charging stations at every petrol bunk, I am sure we would see a whole lot more EVs selling, faster charging and better battery tech also need to be implemented along with more charging stations so that EVs can become the go-to option for new car buyers.

https://economictimes.indiatimes.com...6.cms?from=mdr

Last edited by bijims : 31st July 2024 at 07:12.
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