Global EV car sales have surged over the years, standing at seven million units in 2021. More countries are opting for adopting electric vehicles to reduce the use of conventional cars – with global sales soaring powerfully in 2022, showcasing a 75% increase compared to 2022.
This article addresses how to accelerate EV makers in amplifying networks and utilizing EV data to increase Electric vehicle adoption.
An EV Ecosystem Approach
An electric vehicle is a practical and sustainable choice that poses an excellent part of the larger ecosystem to make the daily commute more convenient, empowering and enjoyable. It is the vision of an EV ecosystem to create a seamless and interconnected network of services, technologies and EV charging infrastructure ecosystem that supports the adoption and use of EVs.
As per the IEA report, EVs are integral in de-carbonizing road transportation, with an estimated growth of 13% in 2022. Compared to 2020, the sales doubled to 6.6 million, bringing 16.5 million EVs in 2021. It directly shows how electric car fleets are estimated to account for over 300 million by 2030, leading to a 60% addition in new car sales.
To accelerate EV adoption, electric vehicle makers must amplify the network effect. One of the stand-out points is benefiting consumers and car makers by measuring driver behavior to analyze driving patterns. Although micro-mobility is the future, there are barriers to EV adoption – such as a lack of EV charging infrastructure ecosystem, limited driving range and premium prices.
The preceding section addresses the barriers to EV adoption and electric vehicle data help in gaining an elaborate insight into challenges and how EV data help overcome them
Barriers to Electric Vehicle Adoption
Electric vehicles pose the potential to revolutionize the way we travel by reducing over-dependence on fossil fuels and cutting greenhouse gas emissions. However, despite their many benefits, EV adoption has been slow-paced due to multiple barriers, including high costs, limited range, lack of charging infrastructure, battery technology, and awareness among consumers.
Numerous solutions can be pursued to overcome these barriers. These include:
Charging Infrastructure Development
EV charging infrastructure is the most critical factor that widely impacts EV adoption. EV data can help identify areas in high need of charging infrastructure, such as busy shopping districts, major highways and tourist destinations.
How does it help?
- AI-powered EV data makes it possible to predict when and where EVs will likely need charging to enhance the capacity of charging infrastructure.
- Provide insights into how quickly EVs charge and how much energy they require to determine the optimal charging rates.
- Track how often and when charging is required to determine which stations are popular and underutilized.
- Reduce overall waiting time to accommodate users based on site capacity without the hassle of overloading.
- Decode point of charge statistics like types of vehicle, total sales, payment mode and future consumption.
- Real-time notifications make the process more simplified to plan trips as well as remove range anxiety among drivers by alerting on low battery warning, planning the next recharge and finding nearest charging points
Electric vehicles have become the most preferred choice for consumers in gaining better insight into the prevailing issues. Irrespective of the type of vehicles, from SUVs, trucks or cars, electric vehicle data can help with AI-powered data solutions for prevailing issues to transform electronic mobility.
Electric vehicle data prove to be beneficial in eliminating range anxiety for various reasons. It is a prime concern among many EV drivers who worry about running out of battery charge while on the road, which tends to limit their mobility and cause inconvenience.
EV data can reduce the hassle by addressing the concerns through:
- Real-time battery status alerts provide information on real-time battery levels to monitor the vehicle’s range and plan trips.
- The data can remove route anxieties, helping EV drivers plan efficient routes for given trips by covering parameters like terrain, availability of charging status and more.
- EV data sends instant alerts related to low battery warnings when monitoring the battery’s health to make informed decisions to ensure optimal performance and range.
- EV data helps analyze the driving behavior of individual drivers, such as braking, speed and acceleration, thereby assisting drivers to adjust their driving habits
- Identifying the location and sending prompts to plan the next charge and information about nearest charging points.
Battery Development & Battery Health
EV data helps break the barrier of tracking battery development and battery health, a core challenge in increasing EV adoption curve. In addition, the data helps address concerns through:
- EV data analytics like battery degradation helps to check the gradual loss of battery capacity over time, such as charging patterns, temperature and driving habits affecting degradation.
- Battery management system (BMS) data analysis to monitor undercharging or overcharging to take corrective action to ensure optimal battery performance
- Track battery health to extend battery life, maximize range and send driver alerts when the battery deteriorates to deliver a satisfying customer experience
Electric vehicle data is essential in confirming efficient EV adoption. The collection and electric vehicle data analytics help manufacturers, consumers and policymakers make informed decisions regarding EV production, purchase and use. In addition, the data helps identify the areas where EV infrastructure needs improvement, such as charging stations and helps manufacturers design and produce more efficient EVs.
CerebrumX AI-powered EV intelligence provides insights on vehicle performance by checking electric vehicle emission data and charging to optimize site selection. In addition, the EV data aims to enhance the EV adoption rate using appropriate driver permissions and resources to maximize the ROI of users and charging operators.
Q1. What is the EV ecosystem?
Answer: EV ecosystem refers to the network of entities, technologies and infrastructure that support electric vehicle production, distribution and use.
Q2. What all are included in an EV ecosystem?
Answer: EV ecosystems include electric vehicle manufacturers, charging infrastructure providers, battery manufacturers, renewable energy sources, policymakers and consumers.
Q3. What is EV adoption?
Answer: EV adoption refers to the rate at which electric vehicles are being purchased and used as an alternative to traditional gasoline-powered vehicles.
Q4: What has slowed EV adoption rate and development?
Answer: The slow EV adoption rate and development have been attributed mainly to high upfront costs, range anxiety and lack of charging infrastructure.