Wireless EV Chargers Facilitating Hassle-Free Long Drives

The International Energy Agency (IEA) reveals that the global stock of plug-in hybrid vehicles (PHEVs) , battery electric vehicle (BEVs) , and fuel cell electric vehicle (FCEVs) stood at 3,346,713 units, 6, 850,327 units, and 31,225 units, respectively, in 2020. By 2030, the stock of PHEVs, FCEVs, and BEVs will rise to 44,355,904, 1,152,588, 79,975,992, respectively 2030. Whereas, the global stock of BEV and PHEV electric buses is expected to surge from 515,400 in 2020 to 3,217,713 by 2030 and 81,898 in 2020 to 358,921 by 2030, respectively.  

Wireless EV Charging Market Outlook

   

Thus, the surging adoption of EVs will augment the need for fast charging options, owing to which the wireless EV charging market will advance at a significant rate during 2020–2030. To establish a fast EV charging infrastructure, several charging station developers are focusing on investing in research and development (R&D) in wireless technology. The installation of dynamic wireless systems on EVs allows them to be charged while on the move. Moreover, the absence of charging cables in wireless systems makes it more user-friendly than cable charging systems.

According to P&S Intelligence, Asia-Pacific (APAC) will dominate the wireless EV charging market in the foreseeable future. This will be due to the escalating EV adoption in developing countries, such as India and China, and developed countries, such as Japan. In recent years, China has emerged as an active participant in the EV charging industry, due to the rapid development of advanced inductive chargers. For example, in 2016, Zhejiang VIE Science & Technology Co. Ltd. and Evatran Group Inc. formed a joint venture to integrate PLugless, a wireless charging system of the former, into the EVs being manufactured in China.

Thus, the soaring number of EVs, owing to the mounting environmental concerns and escalating government support, will augment the installation of wireless EV chargers in the forthcoming years. 

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Thanks to Wireless Charging, Long Uninterrupted Drives on Your Tesla Are Now Possible

The ballooning usage of electric vehicles (EVs) is pushing up the global demand for advanced electric vehicle charging technologies such as wireless charging. Wireless electric vehicle charging is a recent innovation that is rapidly replacing the conventional method of charging the electric vehicles by plugging them to a power source. Also known as inductive charging, wireless charging enables the operation of electric vehicles in a similar way to that of the conventional internal combustion engine (ICE) vehicles. 

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Wireless chargers are installed at various points within a roadway for offering continuous charging to the electric vehicles. This way these chargers eliminate the need for batteries having large capacities and the range anxiety issues usually associated with electric cars. Moreover, with the rising requirement for PEVs (plug-in electric vehicles) and fast-charging facilities and the increasing number of research and development (R&D) activities in wireless technology, the adoption of wireless EV charging will rise enormously in the coming years.

While the aforementioned factors are playing a major role in fueling the worldwide demand for wireless EV charging facilities, the flourishing EV industry is the biggest factor responsible for the expansion of the wireless EV charging market. Due to the rising pollution and the growing environmental awareness among the masses, the deployment of EVs is surging sharply across the world. Many people are increasingly preferring to buy EVs over the ICE vehicles, because of the eco-friendly nature of these vehicles.

Globally, the Asia-Pacific (APAC) wireless EV charging market will be very lucrative in the upcoming years, as per the forecast of P&S Intelligence, a market research firm based in India. This will be mainly because of the mushrooming usage of electric vehicles in the regional countries, especially China, which is home to the fastest rising electric vehicle industry in the world. Furthermore, China is one of the biggest producers of inductive chargers all over the world.

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Hence, it can be said without any doubt that the development of wireless electric vehicle charging systems will rise sharply, especially in the APAC region, in the upcoming years, primarily because of the increasing utilization of electric vehicles and the growing requirement for advanced charging systems around the world. 

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