Anyos Jedik is a name synonymous with the growing industry of electric vehicles (EV). This Hungarian national invented the very first technology-powered machine in 1828. Since then, different companies and inventors have continuously supported the evolutions of EVs.
The strong demands for EVs has led to the sudden progress of one of its elements, the electric vehicle charging.
According to a recent report from the Grand View Research Incorporated, the market value of electric vehicle charging infrastructure will proliferate to as high as $45.59 billion by 2025.
None of these would be possible without the help of the EV charging vendors. The following companies are leading the way of electric vehicle charging infrastructure in terms of the estimated revenues, and the type of chargers and connectors they offer to the clients:
AeroVironment Incorporated – The California-based firm has been serving the EV industry since 1971. AeroVironment Incorporated develops a range of electronic vehicle charging solutions to top global automakers such as Chevrolet, Ford, Nissan, KIA, Volvo, FIAT, BMW, Mitsubishi, and Hyundai. Wahid Nawabi is the President and CEO of the well-known firm.
AeroVironment is known for producing high-quality drones or UAVs, but when it comes to the EV charging market, it is expected that the company will have a projected revenue of $10 million. The company is creating a name for itself because of its TurboCord Dual Plug-in EV Charger, which critics say is durable and faster than other products.
ChargePoint Incorporated – ChargePoint is a rising startup company that is located in Campbell, California. Headed by Pasquale Romano, the company owns and controls a series of electric vehicle charging network that lets people charge their vehicles.
It has an estimated revenue of $15 million. The Home 25 ft. Cord Electric Vehicle Charger of the startup company has good physical features such as a universal connector, status light, and a WiFi connectivity. Users can also install the EV charger either inside their houses or outside.
ClipperCreek Incorporated – Just like ChargePoint, ClipperCreek is also a startup company that creates electric vehicle supply apparatus for the public, residential, fleet and workplace EV charging. The president is Jason France and the company is located in Auburn, California.
ClipperCreek has a projected revenue of $15.7 million. It is helping the market of electronic vehicle charging because of its HCS-40P EV Charging Station, which can work for a long period without having any problem. The charger also has a security attribute that tests the presence of the safety ground.
Schneider Electric S.E. – The France-based company has been around since 1836. Having a great leadership from its Chairman and CEO, Jean-Pascal Tricoire, Schneider Electric was able to make a difference in the electrical components industry. The company focuses on automation management, electricity distribution, and creates installation components for energy management.
Schneider Electric has an impressive estimated revenue of $27.4 billion. When it comes to EV charging, the EVlink Indoor Electric Vehicle Charging Station is deemed as a success to a lot of users. The garage tool charger is easy to maneuver because its cable holder has the capability to provide installation flexibility.
General Electric – Speaking of leadership, GE has what it takes to get that spot as it caters to different industries like power generation, renewable energy, aviation, healthcare, finance, and transportation. John Flannery is the CEO of the company located in Boston, Massachusetts.
General Electric has a projected revenue of $123.8 billion. Its GE EV Charger Indoor/Outdoor Level-2 DuraStation can transport a maximum power of 7.2 kW, giving electric vehicle a run of 10-20 miles per hour. It also has an 18-feet long cord.
Two other companies that are contributing to the market success of electronic vehicle charging are Siemens AG with its Versicharge Electric Vehicle Charger and Leviton Manufacturing with its EVB40-PST Evr-Green 400 EV Charger.
One company that has recently captured the hearts of many people is Volta Industries LLC. The San Francisco-based company is designing, installing, and maintaining a chain of free EV charging stations across the United States.
The stations can be located in Chicago, Los Angeles, Phoenix, Illinois, Hawaii, and San Diego where all are equipped with a universal connector in order to serve different types of electronic vehicles.
USA VS. UK: Battling For EV Charging Market
What is a market sale without competition from other companies or better yet, from other countries? The United Kingdom is believed to be challenging the evolving industry of EV charging around the world.
Aside from the two countries accommodating the same market, there are still differences surrounding their take on the electronic vehicle charging infrastructure. For instance, the United States has a total number of 16,541 EV charging stations, while the United Kingdom has around 130,000 EV charging points. This disparity has an effect on their overall market sales.
Another is the amount of electrical power or kilowatts that they apply to their electric vehicles. The UK can go from as low as three kilowatts to a maximum level of 22 kilowatts, and on the other hand, most EVs in the US stay only at 7.4 kilowatts or even less.
There is also a difference in the size of the electric vehicle chargers. Kristof Vereenooghe, the CEO of EVBox, said, “In Europe, people like to have smaller types of products; traditionally they prefer a smaller physical design that blends with the environment. In the US, we find that customers desire robust chargers that stand out and give visibility to the location.”
These are just some of the few differences that can be seen in the EV charging markets of the United States and the United Kingdom. Nevertheless, what matters most is their shared bold idea to make the planet healthier by not using hazardous fuels.
If the market for electric vehicle charging continues to grow, the target sale for the year 2025 might be achieved.