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EV Charger Energy Storage

EV Charging Faces Significant Challenges

EV manufacturers are facing three major barriers to customer satisfaction:

  • Charging time is slower compared to refueling times for ICE vehicles

  • Demand fees and charges can be significant

  • Inability to charge when grid is impaired 

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Electric Vehicle Charger Market is Growing Rapidly

  • Federal targets for share of electric vehicle sales is 50% by 2030

  • To meet this target, EV charger deployment must outpace EV auto sales

  • The EV charging market is projecting growth at a 28.5% CAGR through 2028

  • The bipartisan infrastructure spending plan allocates 7.5 billion and projects 500,000 sites

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1.5 Billion EverGreenSeal Batteries Needed by 2030

  • Increased EV demand results in the need to deply over 1.5 billion batteries by 2030 to ensure seamless grid intergration

  • Achieving this goal requires average production of 167 million batteries per yea between 2022 and 2030

  • Achieving this goal requires average production of 167 million batteries per year between 2022 and 2030

  • An average battery plant produces 3 million units per year

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Solution:
DC Chargers Paired with Energy Storage

  • Energy storage can charge electric vehicles in an hour or less​

  • Helps manage demand charges by drawing from storage during peak times = can lead to a 70% plus cost reduction​

  • Energy storage enables charger availability when utility power is unavailable

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