The growing number of plug-in EVs (PEVs) on the road requires a reliable EV charging ecosystem. Most early adopters of PEVs have satisfied their charging needs with home chargers, but as PEV adoption increases so will the need for public charging solutions.
According to a new report from Guidehouse Insights, revenue from mobile EV chargers is estimated to reach $2.4 billion by 2033.
“Mobile EV charging can address gaps in the charging ecosystem and provide a flexible, non-permanent charging solution that complements permanent chargers,” says Jason Pandich, research analyst with Guidehouse Insights. “Utilizing mobile EV chargers can help avoid costly grid upgrades associated with permanent installation while allowing users to utilize the battery for charging during time of peak demand, instead of using power from the grid.”
Permanently installed chargers can serve most charging needs, but limitations to grid capacity, high costs for grid upgrades, and delays in charger installations will create gaps in the charging ecosystem — gaps that can be filled by mobile EV chargers, which can provide a flexible and temporary charging solution.
Mobile EV chargers can be easily transported to any location and operate without a permanent grid connection, enabling on-demand and roadside assistance. They can also be deployed on a semi-permanent basis to help satisfy short-term demand, provide charging during emergency situations, or evaluate the commercial viability of a potential site for permanent chargers.
However, mobile EV chargers are still a developing market that faces challenges from other potential technologies. New developments in battery technologies that extend vehicle range and reduce charging times could challenge the commercial viability of mobile charging solutions. According to the report, technologies like vehicle-to-vehicle (V2V) power transfers or battery-integrated chargers offer further competition.
The report, Mobile EV Chargers, includes analyses from 2024 to 2033 for the sales and revenue of mobile EV chargers segmented by technology, including charging vehicles, portable chargers, and temporary chargers. Revenue projections for each technology are segmented into battery and non-battery components. The potential battery capacity for new mobile EV charger sales and the total population of deployed chargers are also included.
An executive summary of the report is available for free download here.
Filed Under: Charging, Technology News