#Electric Vehicle Charger Market

[awesome-casuallyfamouscollector]

EVs were supposed to be the future. Not everyone is buying it | DW News

P.S. Despite pledges and targets to move electric vehicles down the road, recent second quarter earnings from big car companies show loses. Ford and Stellantis are both struggling, and a majority of car companies are losing money on each electric vehicle sold -- no matter if it's a battery or plug in. Will big auto makers step away from electric or simply diversify their portfolios(..)

P.S. Of course, not everyone will buy it! First look at the horrible price tag or miserable range performance of "affordable" EVs, then ask how you will charge your EV's battery on a daily basis and on a long trip, how much money you will spend repairing your EV, and how much legacy automakers support their EV buyers and charging networks.

If you study the behaviour of legacy automakers in the electric car market, it becomes obvious that there is a lot of noise and little substance in what legacy automakers do. Electric car buyers, especially mass market buyers, are NOT interested in buying badly overpriced low volume compliance EVs that can't be easily charged anywhere...

The market of rich EV enthusiasts and lovers of "green" ideas in Europe is already quite saturated with expensive electric cars and the salaries of Norwegians or Swedes are far from affordable for everyone...many Europeans cannot afford even the cheapest new ICE vehicle, so it is important to answer the question whether there will be it is possible to drive a lot and repair used and heavily used electric cars...

Non-Tesla EV charging networks are real pain in the ass...Right now, the correct term for non-Tesla EV buyers' concern is not "range anxiety" but a "charger anxiety"...

[reasonsforhope]

“To help people transition to electric vehicles, what if you start with rental cars? That’s the theory of a collaboration between rental car company Hertz Global Holdings Inc. and the city of Denver.

A public-private partnership dubbed Hertz Electrifies will bring some 5,200 rental EVs to the city as part of an effort to ease some of the challenges of electrification.

Hertz plans to market the electric vehicles as try-before-you-buy, meaning interested residents can spend a few days experiencing electric car life before making a more permanent commitment.

The rental car company will also fund and oversee the installation of dozens of public EV chargers at Denver International Airport and other spots around the city, working with EV charging network BP Pulse.

For Denver officials, the partnership’s most important component is that Hertz will provide data that could help the city decide where more public EV chargers are needed the most, and in what quantity. That’s because the rental cars will be equipped with telematics systems, which collect and transmit GPS and a range of other data so officials know where electric vehicles are being driven.

“Building out our EV charging infrastructure is a key component of our own EV adoption goals as a city, and this data will help inform on where that infrastructure will be needed the most,” said city of Denver spokesperson Mike Strott.

Hertz also plans to develop a pipeline of skilled workers for the industry, offering summer job opportunities through Denver’s Youth Employment Program and providing EVs, tools and training to Montbello Career and Technical High School for students enrolled in its auto certificate program. “These are people later down the line that we'd want to work for us,” said Hertz Chief Executive Officer Stephen Scherr.

In addition to helping Denver reach its goal of an 80% reduction in emissions by 2050, Strott hopes the initiative will help create good-paying future jobs in Denver.”

-via Bloomberg, 1/30/23

[techdriveplay]

Dodge's Electric Evolution: Bringing the V8 Rumble to the Electric Arena

In an ambitious move to marry the past with the future, Dodge is setting the stage to infuse its electric cars with the soul-stirring sounds and dynamic feel of its legendary V8-powered muscle cars. This innovative endeavor aims not just to preserve the iconic auditory and tactile experience of driving a Dodge muscle car but to elevate it within the realm of electric vehicles (EVs). The Electric…

[gentariindia]

Everything You Need to Know About Electric Vehicle Charging Stations

As more people transition to electric vehicles (EVs), there has been a rising demand for EV charging stations. This blog post will provide you with all the information you need to know about electric vehicle charging stations, from types and factors to consider to finding charging stations, proper etiquette, and trends.

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Electric Vehicle Battery Market is projected to reach $415.9 billion by 2031, at a CAGR of 33.1% from 2024–2031. more insights into EV & Vehicle Battery Market

[mohitbisresearch]

The Asia-Pacific bidirectional electric vehicle charger market (excluding China) was valued at $83.7 million in 2022 and is anticipated to reach $699.0 million by 2031, witnessing a CAGR of 26.60% during the forecast period 2022-2031.

[organicmarketresearch1]

Global Electric Vehicle On-Board Charger Market Size, Share, 2032

Global Electric Vehicle On-Board Charger market size was USD 5.86 billion in 2023 and the market is projected to touch USD 25.02 billion by 2032, at a CAGR of 17.5 % during the forecast period. Electric Vehicle On-Board chargers change alternating current (AC) from a power grid into direct current (DC) in order to charge a battery of a car. The need for OBCs has increased because more people are buying electric cars with regard to environmental conservation as well as government laws on emission reduction in order to preserve our planet. Efficient and reliable OBCs are needed urgently as the number of buyers adopting EVs increase. Automotive producers, technology companies, and component suppliers are among the numerous entities that participate in this market and are striving to introduce new ideas aimed at satisfying the changing demands of the electric vehicle sector.

Lately, the Electronic Vehicle On-Board Charger sector has seen expansion due to improvements in EV technologies and governmental initiatives supporting environmentally-friendly transport. Moreover, its growth is driven by greater R&D input aimed at boosting charger efficacy, shortening charging durations and raising general performance. In addition, car manufacturers and OBC producers are working together to simplify manufacturing processes and lower production costs, thus leading to increased availability of electric vehicles for a wider range of buyers. With an anticipated growth in demand for on-board chargers (OBCs) as the electric vehicle (EV) market grows globally in maturity and size this will offer significant business prospects to value chain players.

Global Electric Vehicle On-Board Charger report scope and segmentation.

Report Attribute

Details

Base Year

2023

Forecast Years

2024–2032

Estimated Market Value (2023)

USD 5.86 Billion

Projected Market Value (2032)

USD 25.02 Billion

Segments Covered

By Propulsion Type, By Vehicle Type, By Rating, & By Region.

Forecast Units

Value (USD Million or Billion)

Quantitative Units

Revenue in USD million/billion and CAGR from 2024 to 2032.

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Australia, Brazil, Argentina, GCC Countries, and South Africa, among others.

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Global Electric Vehicle On-Board Charger dynamics

Several key factors drive the growth of the Electric Vehicle On-Board Charger (OBC) market. For example, being driven by environmental concerns, regulations by the government that promote clean energy, electric vehicles are increasingly being adopted by consumers leading to growth of the market. The increased interest in electric vehicles means that there is a greater need for on-board chargers. They are needed by electric vehicles for them to recharge in an efficient manner.

The transition to electric vehicles is driven by emphasis on sustainable transportation solutions and increasing awareness of traditional vehicles environmental impacts globally. There has also been increased stringency in terms of emissions regulations set by governments around the world together with their incentives for faster uptake of EVs leading to an increase in the need for OBCs. Additionally, battery technology and charging infrastructure technological upgrades have improved the efficiency and availability of electric cars, hence making them attractive to many people further. Consequently, growth in the Electric Vehicle On-Board Charger market has been fast as companies strive to produce products that will address the changing requirements of electrified transportation system. Opportunities for creativity and cooperation among supply chain members are offered by this dynamic landscape as they try to exploit high demand for electric car batteries and promote wide usage of electric cars.

Get Full Report: https://organicmarketresearch.com/global-electric-vehicle-on-board-charger-market

Global Electric Vehicle On-Board Charger drivers

Rising Adoption of Electric Vehicles (EVs)

Global growth in electric vehicle usage especially in the transport Industry drives the Onboard charger electric vehicle market. The shift from internal combustion engine vehicles to electric vehicles (EVs) is gaining momentum because both the environment warning and government’s carbon reduction initiatives and legislations are jointly supporting it. The anticipated rise in the adoption of EVs by more shoppers who are most probably attracted by their non-adverse effects on environment is likely to see a demand for the OBCs. Such a trend is responsible for triggering continued increase in chargers that are inclusive of EVs hence triggering growth of the OBC market.

Technological Advancements in OBCs

Technological innovations are propelling market growth through effective chargers, shorter charging periods, and better performance. Manufacturers are putting a lot of resources into coming up with OBCs that have high power densities, are more reliable and come with smarter charging capabilities. One of the major worries related to the acceptance of electric vehicles is speed and convenience in charging. However, the functions of OBCs are expanding through introduction of bidirectional charging capabilities and integration of V2G concerns. This shift has unlocked new energy management prospects as well as contributed to grid stability.

Restraints:

Infrastructure Limitations

Inadequate charging infrastructure is one of the primary challenges facing the Electric Vehicle On-Board Charger market. Although the number of EVs is growing, many regions still have few charging stations and even fewer rapid chargers. The shortage of infrastructure can be a barrier to EV buyers because they are worried about range anxiety or lack of access to charging sites thus hindering the expansion of the OBC market.

Standardization Challenges

Another obstacle to the OBC market is the issue of standardization. Different EV batteries and charging systems, which have internationally accepted operating standards and protocols, make charging stations and EVs incompatible. This lack of standardization makes the production process complicated, leading to puzzles for the buyers that can discourage them from embracing electric vehicles.

Opportunities:

Growing Demand for Fast Charging Solutions

The EV OBC market cherishes the opportunity that come with the need for increased rapid charge demand. This is because the consumers do not have enough time hence, they are looking for quicker charging methods. This opportunity can be utilized by manufacturers to create faster charging OBCs that have improved heat management for rapid power expulsion during battery charging cycles with no risk of battery usage or accidents.

Segment Overview

By Propulsion Type, the market is segmented into Hybrid Electric Vehicles (HEV), Battery Electric Vehicles (BEV), and Plug-in Hybrid Electric Vehicles (PHEV). HEVs utilize both internal combustion engines and electric propulsion systems, requiring OBCs to efficiently manage the charging and discharging of batteries while optimizing fuel consumption. On the other hand, electric power is the only source for BEVs thus requiring OBCs of high-power rating to convert AC power from charging stations into DC for fast battery charging while PHEVs that exhibit features of both HEVs and BEVs require flexible OBCs to support grid charging as well as regenerative braking for smart energy use.

By Vehicle Type, the market is segmented into Commercial vehicles, including trucks, vans, buses, and delivery vehicles, as well as passenger cars, such as sedans, SUVs, and hatchbacks. OBCs for commercial vehicles are engineered to meet fleet operators’ requirements, featuring high-power charging capabilities and robust construction for endurance in demanding environments. In contrast, On Board Chargers for passenger cars focus on making them efficient, small and capable of using multiple types of charging infrastructure standards and providing handy and adaptable recharge solutions, either on daily basis or for longer trips. In these two subdivided requirements happens to the entire transportation system sectors and this makes OBC technology adaptable in response to varying user needs among electric vehicle users.

Global Electric Vehicle On-Board Charger Overview by Region

In regions such as North America as well as Europe there have been major investments into the adoption of electric cars because of tough emissions regulations plus favourable incentives thereby boosting OBC demand. Apart from that, the strong growth in other regions is boosted by the OBC market because they have solid networks of charging infrastructure in place alongside increasing electric vehicle penetration. Government targets on electric vehicle deployment, China, among others in the Asia-Pacific region stands out as a leading contender in the world market for on-board charge. Urbanization and improvements in manufacturing capabilities have also been cited as major catalysts towards this trend with the government of such countries setting ambitious yet attainable targets. The market growth is also further propelled by sustainable transport solutions being the main focus currently as well as having significant market players Located here. There has been a slow but steady increase in the number of electric cars being used in some other parts of the world which include Latin America, Middle East and Africa because they are improving their charging network systems and also getting aware about environmental pollution.

Global Electric Vehicle On-Board Charger market competitive landscape

Major automotive manufacturers such as Tesla, BMW, and Nissan, alongside technology firms like Bosch, Siemens, and ABB, dominate the market with their extensive experience in electric vehicle technology and robust supply chain networks. These industry giants leverage their research and development capabilities to introduce advanced OBC solutions with enhanced efficiency, faster charging speeds, and intelligent charging management features. Moreover, strategic partnerships and collaborations between automotive OEMs and OBC suppliers further intensify competition, driving innovation and product differentiation. Emerging players, including start-ups and niche technology firms, also contribute to the competitive landscape by introducing disruptive technologies and innovative business models.

Global Electric Vehicle On-Board Charger Recent Developments

November 2023, Mahindra & Mahindra (M&M), India’s prominent SUV manufacturer, selected Valeo, a leading mobility technology provider specializing in electrification, to supply electric powertrains for a segment of their “Born Electric” passenger vehicle platform. Additionally, Valeo will provide on-board charger combinations for M&M’s electric utility vehicles. The contract, valued close to $1 billion, was integrated into Valeo’s Q3 results, reflecting their significant orders for high voltage powertrains.

January 2021, Bel Power Solutions unveiled the BCL25–700–8, a bi-directional on-board battery charger capable of connecting up to 4 charging units in parallel. With an efficiency rating nearing 94%, this charger offers versatility, allowing connection to charging stations or direct grid access for EV battery charging.

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[ragini-14]

Hybrid and Electric Vehicle On-Board Charger Market Things to Know About Worldwide Industrial Growth with Top Key Players 2024-2030

The Hybrid and Electric Vehicle On-Board Charger Market Research Report 2024 begins with an overview of the market and offers throughout development. It presents a comprehensive analysis of all the regional and major player segments that gives closer insights upon present market conditions and future market opportunities along with drivers, trending segments, consumer behaviour, pricing factors and market performance and estimation and prices as well as global predominant vendor’s information. The forecast market information, SWOT analysis, Hybrid and Electric Vehicle On-Board Charger Market scenario, and feasibility study are the vital aspects analyzed  in this report.

The global hybrid and electric vehicle on-board charger market size is expected to grow at more than 18.7% CAGR from 2024 to 2030. It is expected to reach above USD 18.49 billion by 2030 from a little above USD 3.95 billion in 2023.

Access Full Report:

https://exactitudeconsultancy.com/reports/14322/hybrid-and-electric-vehicle-on-board-charger-market/

[poojagblog-blog]

The global portable power station market is expected to grow from an estimated USD 0.5 billion in 2023 to USD 1.1 billion in 2028, at a CAGR of 18.4% during the forecast period.

[industrydelevelpoments]

Electric Vehicle Onboard Charger (OBC) Market

Electric Vehicle Onboard Charger (OBC) Market is projected to reach a revised size of USD 14.29 billion by 2030

[techdriveplay]

What Is the Best Electric Car Charger for Home Use?

Choosing the right electric car charger for home use is a crucial decision for EV owners. With the growing popularity of electric vehicles (EVs), having a reliable and efficient charging solution at home is essential for convenience, cost savings, and ensuring your vehicle is always ready for the road. In this article, we’ll explore what is the best electric car charger for home use by examining…

[marketinsight12]

The Global Electric Vehicle Wireless Charger Market size is expected to grow from USD 15 million in 2022 to USD 2391.01 million by 2030, at a CAGR of 88.5% during the forecast period (2023-2030).

Global Electric Vehicle Wireless Charger Market estimated to grow according to forecasts

[gentariindia]

6 Easy Steps to Locate an Electric Charger Near You

Worldwide demand for electric vehicles is growing as a result of the desire to lower greenhouse gas emissions, fight climate change, and enhance air quality. That is why governments are also encouraging the adoption of EVs through incentives and legislation.

[futuretonext]

Global Solar Panel for Electric Vehicles and Chargers Market, 2023,” the market is likely to grow at a CAGR of around 35% during 2023-28