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An innovation by LG Innotek improves battery performance drastically

The White House has announced a huge financial boost, new standards, and major progress for a made-in-America national network of EV chargers to support the future of the US EV charging industry.

The U.S. Postal Service’s commitment to electric vehicles is a significant – and positive – development for the EV industry, experts say. But, not surprisingly, the transition also presents some challenges.

Charging concerns remain the biggest reason for consumers not to buy an electric vehicle, so the issue has to be resolved if the targets for rapid EV rollouts are to be achieved.

Though battery-electric models currently make up only a small fraction of total global truck sales (around 0.4% in 2021), it is already clear that the transition from diesel combustion engines to zero-emission technologies is well underway.

Germany, the UK and Sweden are among countries trialling technology to charge electric HGVs via overhead cables on motorways.

While electric cars will remain the largest electric vehicle market for the foreseeable future in terms of battery demand and market revenue generation, most transport sectors are facing a transition. In this article, IDTechEx summarises key developments in non-automotive sectors, showing each sector's global battery demand (in 2021) for relative scale. For reference, battery-electric and plug-in hybrid cars demanded approximately 280GWh globally in 2021.

The energy infrastructure for EV charging stations market is expected to reach US$20.0bn by 2029, at a CAGR of 36.0% during the period 2022-2029. 

In collaboration with Volta Trucks, Siemens is planning to accelerate the electrification of commercial fleets. It is also positioning its 'digital twin' platforms offering as a way to increase collaborations in the metaverse and make infrastructure greener.

The global energy infrastructure for EV charging stations market is expected to register a CAGR (compound annual growth rate) of 36% from 2022 to 2029 to reach US$20bn by 2029 an estimated from US$2.3bn in 2022.