Xendee, provider of a design and operation platform for distributed energy systems and EV fast charging infrastructure, has released the findings of its 2024 Commercial EV Charging Market Survey, the second in a series of annual research studies.
Xendee asked leaders in the EV charging industry about challenges and potential solutions related to commercial EV charging. The survey revealed several key themes: some 75% of respondents said electric utility grid limitations were a “significant roadblock to the rollout of EV charging infrastructure for commercial EV usage,” and 63% cited the total cost of charging infrastructure as a significant roadblock.
For the second year in a row, survey respondents said DERs and microgrids co-located with EV charging infrastructure were the most important game-changing technology for stimulating the transition to commercial EVs and fleets, and to avoid overloading highly burdened electric grids. (See our recent webinar about DER design and operation.)
The report indicates that the Biden Administration’s Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA) are starting to deliver results. More than 80% of respondents said their organizations would develop at least one EV charging infrastructure project within the next five years because of the BIL and/or IRA incentives. Respondents called the incentives an important factor in overcoming the hurdle of high costs to develop and bring EV charging infrastructure into operation.
Xendee plans to use the survey findings to guide further development of its SaaS platform. You can download the 2024 Market Survey Report here.
Source: Xendee