Pinpointing the challenges facing EV charging companies – EQ Mag Pro
As electric vehicle production continues to increase, so does the demand for EV charging stations. To meet the demand, EV charging companies are exploring how to address their challenges and find new ways to overcome them through cellular IoT connectivity.
Staying up to speed with electric vehicles
As the EU directive to ban production of fossil-fueled cars by 2035 looms closer, EV charging stations are critical to ensure a steady adoption. The EU aims to have 1 million electric charging points across Europe by 2025, but today only 330 000 are available – which are distributed unevenly throughout Europe. To avoid profit loss, it is important to ensure that all stations are being used. Right now, there is uncertainty about when and where the demand is. Some stations might be in high demand, while others are not used as much.
Managing a growing amount of EV charging stations in parallel
Customers expect a stress-free and seamless charging experience, which requires that enough charging stations are available and function correctly to avoid long queues. For this to succeed, EV charging station operators need an effective way to manage their charging stations.
As more charging points are built across Europe, service providers need to find a way to manage EV charging stations remotely to keep up with maintenance.
Power up with cellular IoT
To meet the demands set by the EU and by the customers, the above challenges highlight the need for an effective and scalable solution. Connecting EV charging stations with cellular IoT gives a full overview of all the connected assets, and enables remote maintenance predictions.
Remote monitoring contributes to more effective operations and maintenance, reducing drastically the need for on-site inspections and time for fault detection.
Annual revenue increase and savings on monitoring
Connecting EV charging stations can expect up to 40% increased annual revenue share and 15% savings on remote monitoring. Interoperable services also make it easy for drivers to use different charging stations with the same user profile, saving time and increasing the customer experience.
In addition, using cellular IoT as the connectivity technology offers significant benefits in terms of security to protect sensitive user and payment data, as well as reliable coverage, regardless of location.
Source: ericsson
