EV Industry

The biggest transition in the 100-year history of the auto industry will happen in the next 24 months. Several major automakers are shifting their focus toward Electric Cars. All major automakers worldwide have a version of an electric car in some phase of development. The difficulty arises from the lack of infrastructure to provide for the fueling of these vehicles. City and state budgets nationwide are operating at a negative therefore will not be able to install the infrastructure themselves.

Federal Government stepped in to get the Electric Vehicle (EV) initiative off the ground with a stimulus package, on top of tax credits and rebates. President Obama has outlined goals for US automakers to produce 1 million EVs by 2015. WinterGreen Research Firm issued a forecasting report that goes even further: projecting 32.7 million electric vehicles worldwide by 2015.

The largest barrier to a wide spread adoption of plug-in vehicles is the electric charging infrastructure. Urban cities, where only 1 in 6 vehicles is stored in a garage, make it impossible for EV owners to charge their vehicle at home. Cities, retailers and Interstate road systems must incorporate a new infrastructure of charge spots. All these players must build a system of connectivity in order to line up charging times, billing, consumer preferences, and grid capacity. Such changes create a multitude of barriers, not the least of which is “how can all these changes happen simultaneously and in a coordinated manner?”