Electric Vehicle (EV) Infrastructure Investing refers to the strategic allocation of funds toward the development, expansion, and improvement of the infrastructure needed to support electric vehicles. As the shift toward electric mobility accelerates, the demand for reliable and widespread EV infrastructure—including charging stations, maintenance facilities, and renewable energy sources—has increased significantly. Investing in this infrastructure is crucial for facilitating the adoption of electric vehicles and achieving sustainability goals.
The acceleration of EV adoption is particularly evident in key markets. In China, the world’s largest EV market, sales accounted for 59% of global EV sales in 2022. In Europe, the stock of plug-in passenger cars reached approximately 11.8 million by the end of 2023, representing about 30% of the global total. In the United States, cumulative sales of plug-in cars totaled around 4.74 million units by 2023, with California being the largest regional market, accounting for approximately 1.77 million of these sales. Looking ahead, projections suggest that the adoption of battery electric vehicles will continue to accelerate. Studies indicate that the majority of passenger cars in Europe could be electric by around 2031, reflecting the rapid pace of adoption. This trend is expected to significantly impact global greenhouse gas emissions from the transportation sector, contributing to climate change mitigation efforts. A growing number of countries have pledged to phase out internal combustion engines or have ambitious vehicle electrification targets for the coming decades. Meanwhile, many carmakers have plans to electrify their fleets that go further than policy targets. Finally, five times more new EV models were available in 2021 than in 2015, increasing the attractiveness for consumers. The number of EV models available on the market is around 450.
IXR MOBILITY helped to fight for
Expand EV infrastructure and smart grids
Governments should continue to support deployment of publicly available charging infrastructure at least until there are enough EVs’ on the road for an operator to sustain a charging network. Continued government support, either through regulations requiring the building out of charging stations or through local policies and support, should ensure equitable access to charging for all communities to ensure that nobody is left behind in the transition. Incentivizing and facilitating the installation of home chargers in existing parking spaces is important. Mandating EV charging readiness for new buildings can help. At the same time, local authorities should support the installation of chargers in existing buildings. Co-ordinated plans on grid expansion and enhancements, including digital technologies to facilitate two-way communication and pricing between EV’s and grids, are needed now to ensure that EV’s can become a resource for grid stability rather than a challenge.
OUR EV SERVICE CENTER LOCATION