Electric vehicles are low-emission and fuel-efficient vehicles as compared to gas-powered vehicles, and their adoption is anticipated to accelerate in the coming years. The market also notices the emergence of battery swapping technology, which permits vehicles to exchange a discharged battery pack for a charged one, excluding the charge interval.

The market is being pushed by factors like the increasing trend of electric vehicle adoption, growing concerns related to carbon emissions, and government regulations and tax exemptions for promoting the usage of electric vehicles. Tax rebates, incentives, and preferential policies offered by governments are further fueling the growth of the market. In addition to this, according to the research report of Astute Analytica, the global electric vehicle charging station market is growing at a compound annual growth rate (CAGR) of 29% during the forecast period from 2023 to 2050.

The current trends in electric vehicle charging stations are: -

New styles of charging systems

Inventions in electric vehicle charging stations have restrictions, but they point to quicker, easier methods of powering an electric vehicle. Wireless electric vehicle chargers which look like large electronic pads on the ground describe one emerging EV-charging trend. These pads utilize deep electromagnetic conduction to develop electrical pressure, with electric vehicles receiving power similar to charging a cell phone when they park on the pad. Imagine the comfort of parking at home or work, neatly within the range of a wireless signal, then driving away later fully charged.

Bidirectional electric vehicle charging

Bidirectional electric vehicle charge through electric vehicle supply equipment (EVSE) and can resend that charge to a secondary source which is also utilizing EVSE. For instance, with bidirectional charging, electric vehicle owners with a household charging station can utilize their vehicle to charge their house and vice versa.

There is a good selection of bidirectional electric vehicles on the market, and this emerging charging trend could cut owners’ lease payments and utility bills on certain models.

Smart electric vehicle charging

Smart-charging electric vehicles do not just plug in and power up. The charger communicates with a data network to more specifically charge vehicles. Metrics like how long an electric vehicle charges and how quickly it does so are kept in EVSE software to influence smarter charging decisions through onsite infrastructure.

EV-charging systems reduce pressure on the energy capacity of the local power grids and commercial buildings. Smart charging could extend to cell phones, with apps that will help electric vehicle owners handle and pay for charging services onsite or remotely, letting them automatically set when charging stops.

Public-private partnerships and blockchain-based solutions

Creating the expensive electric vehicle charging infrastructure, while handling security concerns, needs major cooperation between governments, public and private companies. As electric vehicle charging becomes more smarter and connected, it becomes more vulnerable to exploitation by hackers and other cybercriminals.

Blockchain is considered to be one of the most powerful forces supporting emerging electric vehicle charging infrastructure to deliver more secure transactions.