![]() ![]() A flexible emergency solutionĬTEK ( Stockholm: CTEK), originally a producer of battery chargers, has also entered the EV charging sector. This also enables the EV to act as a large battery storage unit for emergency use, power storage for excess solar energy, or if paired with a smart meter to optimise energy costs for households. The company has developed a unique bi-directional charging technology, which allows the EV to discharge power to the owner’s home or back to the grid. Besides providing wall-mounted chargers for homes, it also offers direct current charging that can be used for public fast-charging stations. Wallbox ( NYSE: WBX) is an EV charging equipment manufacturer in Europe. ![]() In Europe it is estimated that around three million public charge points will be needed by 2030, compared with only 250,000 today. ![]() Currently there are only 113,000, so it is no surprise that the US government has pledged $2.5bn towards the expansion of the public charging network. The United States’ strategic goal of getting 26 million electric vehicles on the road by 2030 should require around 2.6 million public charging outlets. Research suggests that the recommended ratio of electric vehicles to public fast-charging points is ten. Electric vehicles require charging in three different scenarios: at home, at work and for long-distance travel along the major motorway networks. While carmakers have seen substantial interest from investors, the industry building the infrastructure required to power these vehicles has been largely overlooked. This will make today’s network of petrol stations obsolete and require an entirely new network to support the increasing number of electric vehicles. ![]()
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