Refueling electric vehicles may soon be easier: Coulomb Technologies and Aker Wade Power Technologies are developing public charging stations able to recharge an electric vehicle in under 30 minutes.
Range anxiety is no small factor in the EV market. Providing for fast electric car battery recharge may lessen angst over the possibility of being stranded during longer recharge times: 240-volt charging stations reduce the recharge time by half compared to standard 120-volt outlets.
Charging stations should be available for installation in late 2010 and will cost $20K-$40 per unit.
What's Driving This Trend
- Fast Charging Stations
- Developing public charging stations capable of recharging EVs in under 30 minutes eliminates range anxiety and improves user experience.
- Reduced Recharge Time
- 240-volt charging stations that cut recharging time in half compared to standard outlets can alleviate concerns about longer recharge times.
- Affordable Installation
- The availability of charging stations for installation at a cost of $20K-$40 per unit makes it more accessible for businesses to invest in EV refueling infrastructure.
Who This Affects Most
- Electric Vehicle Charging
- The development of fast charging stations presents opportunities for companies in the electric vehicle charging industry to offer convenient and efficient charging solutions.
- Automotive
- Reduced recharge time and improved infrastructure create opportunities for automotive manufacturers to market EVs with reduced range anxiety and longer driving distances.
- Renewable Energy
- Affordable installation of EV charging stations enables renewable energy companies to promote their clean energy solutions by supporting electric vehicle adoption.
