EV Charger Energy Storage
EV Charging Faces Significant Challenges
EV manufacturers are facing three major barriers to customer satisfaction:
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Charging time is slower compared to refueling times for ICE vehicles
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Demand fees and charges can be significant
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Inability to charge when grid is impaired
Electric Vehicle Charger Market is Growing Rapidly
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Federal targets for share of electric vehicle sales is 50% by 2030
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To meet this target, EV charger deployment must outpace EV auto sales
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The EV charging market is projecting growth at a 28.5% CAGR through 2028
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The bipartisan infrastructure spending plan allocates 7.5 billion and projects 500,000 sites
1.5 Billion EverGreenSeal Batteries Needed by 2030
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Increased EV demand results in the need to deply over 1.5 billion batteries by 2030 to ensure seamless grid intergration
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Achieving this goal requires average production of 167 million batteries per yea between 2022 and 2030
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Achieving this goal requires average production of 167 million batteries per year between 2022 and 2030
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An average battery plant produces 3 million units per year
Solution:
DC Chargers Paired with Energy Storage
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Energy storage can charge electric vehicles in an hour or less​
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Helps manage demand charges by drawing from storage during peak times = can lead to a 70% plus cost reduction​
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Energy storage enables charger availability when utility power is unavailable