Electric Vehicle Charging Infrastructure: Poised For A Breakthrough.
Electric vehicles (EVs) are gaining momentum in the transportation industry owning to increasing demand for lightweight fuel efficient vehicles, along with the growing concern for environmental related norms and regulations. Having carmakers themselves predicting the end of petrol engines, EV numbers are expected to boom. Hence, the race is now on to provide the infrastructure support in the charging of EVs.
The global electric vehicle charging infrastructure market size is projected to grow with a CAGR of 36.3% (from an estimated USD 3.8 billion in 2020) in terms of value from 2020 to 2028. Increasing government spending towards the development of highway and road connectivity and establishment of better charging facilities in developed economies are some of the major factors that are contributing to the growth of the market. In 2016, the market was seen as ‘very little money to be made’. Since the cost of EV batteries has declined by almost half, and with stricter emissions regulations, it is poised for a breakthrough.
URBAN Charge by URBAN RENEWABLES is the solution arm that oversees all EV related infrastructure projects. This initiative was established to cover the potential of value adding to the clients’ sustainability profile, which would further encourage a more substantial portfolio of green investment. Needless to say, it helps to increase cities’ needful deployment of EV charging stations towards their transportation decarbonization goals.
As with other solutions, URBAN Charge provides zero cost for all EV charging units + installation + O&M to building owners and stakeholders. All risks and investment costs will be absorbed by the company, leaving clients worry-free!
Meanwhile, the company is always looking for more investment opportunities and open to partnerships in the relevant segments.
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