Can you describe for me the current state of the EV sector in the US?
EV as a percentage of new auto sales: 10 percent (2024) versus 2 percent (2020)... trailing Europe at 18 percent (2024)
Count of on-the-go and fleet fast ports: around 70k (2024) versus around13k (2020)... trailing Europe at around 150k (2024)
How are you anticipating this changing following the election?
EV sales to slow down with repeal of tax credits, softening of federal fuel economy and/or emission standards. However EV sales and EV charger deployments to still grow at double-digit rates - California and other Section 177 states to offer incentives substituting federal incentives - accounting for around 40 percent of EV sales. Secondly, 70 percent of fast ports are in Blue states. Third and finally, cheaper EVs will come to market starting around 2027.
How realistic is electrifying the entire US transport system and what kind of time frame would be involved?
90 percent of vehicle parc to be internal combustion engine (ICE) by around 2030
We see a multi-decade multi-energy future, with electrification being one of several options in play.
Choice of electrons versus alternate (low carbon fuels e.g. renewable diesel, CNG, hydrogen) to be determined by vehicle type and economics (total cost of ownership). Passenger vehicles and light commercial vehicles will electrify. Medium and heavy duty trucks will adopt different fuels.
Supportive government policies will be essential.
What kind of software solutions are being implemented?
EV Charging and Energy Management software platform - Driivz
Energy Management Software Solution for EV charging sites - Sparkion
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