Solar EV Charging to Bypass the Grid: A US$2.5 Billion Market by 2034, Says IDTechEx
BOSTON, May 6, 2024 /PRNewswire/ -- Electrification of cars, buses, and trucks drastically reduces CO2 emissions at the point of use compared to a diesel or petrol alternative. The adoption of EVs across all sectors, with IDTechEx predicting over 180 million electric vehicles to be sold annually by 2044. This will contribute to a drastic reduction in tailpipe emissions. However, the overall emissions are usually highly dependent on the energy mix that goes into grid electricity production. In many economies, this contains significant amounts of fossil fuels such as coal and natural gas. Beyond CO2 emissions, some grids are already at capacity, and the increased load of an electric transport sector risks blackouts and power supply issues. South Africa is an EV market with both of these issues, and several innovations have been made using distributed power generation to tackle these challenges. IDTechEx's research report, "Off-Grid Charging For Electric Vehicles 2024-2034: Technologies, Benchmarking, Players and Forecasts", explores the challenges and solutions associated with charging EVs in the context of constrained electricity grids.
- South Africa is an EV market with both of these issues, and several innovations have been made using distributed power generation to tackle these challenges.
- In the US, many of the products are smaller scale and transportable, allowing easy setup for EV users who want quick access to EV charging.
- The main challenge with distributed solar generation for EV charging is the low power output of photovoltaic panels.
- IDTechEx research also indicates several other technologies likely to be adopted for off-grid EV charging.