The International Energy Agency (IEA) reveals that the global stock
of plug-in hybrid vehicles (PHEVs) , battery electric vehicle (BEVs) , and fuel
cell electric vehicle (FCEVs) stood at 3,346,713 units, 6, 850,327 units, and
31,225 units, respectively, in 2020. By 2030, the stock of PHEVs, FCEVs, and
BEVs will rise to 44,355,904, 1,152,588, 79,975,992, respectively 2030.
Whereas, the global stock of BEV and PHEV electric buses is expected to surge
from 515,400 in 2020 to 3,217,713 by 2030 and 81,898 in 2020 to 358,921 by
2030, respectively.
Thus, the surging adoption of EVs will augment the need for fast
charging options, owing to which the wireless EV charging market will
advance at a significant rate during 2020–2030. To establish a fast EV charging
infrastructure, several charging station developers are focusing on investing
in research and development (R&D) in wireless technology. The installation
of dynamic wireless systems on EVs allows them to be charged while on the move.
Moreover, the absence of charging cables in wireless systems makes it more
user-friendly than cable charging systems.
At present, Evatran Group Inc., WiTricity Corporation, HEVO Inc.,
ELIX Wireless Charging Systems, Qualcomm Technologies Inc., Conductix-Wampfler
GmbH, BMW AG, Bombardier Inc., Momentum Dynamics Corporation, and Siemens AG
are offering static wireless charging and dynamic wireless charging systems for
creating a viable EV infrastructure. In the coming years, static wireless
chargers will be adopted in the largest number because these systems have
lesser technological barriers and require lesser infrastructure than dynamic
wireless chargers. Additionally, many industry players are making huge
investments in research and development (R&D) projects for developing
advanced static wireless chargers, which is further propelling the popularity
of these chargers across the world.
The aforementioned chargers are based on wireless charging system
(CWCS), inductive wireless charging system (IWC), permanent magnetic gear
wireless charging system (PMWC), and resonant inductive wireless charging
system (RIWC) operating techniques. Wireless EV chargers based on these
operating techniques are being installed in BEVs and PHEVs to reduce their
charging time and eliminate the range anxiety issues among consumers. With the
increasing production of BEVs, on account of massive government support,
wireless EV chargers will be integrated into such vehicles in larger numbers,
as compared to PHEVs.
According to P&S Intelligence, Asia-Pacific (APAC) will dominate
the wireless EV charging market in the foreseeable future. This will be
due to the escalating EV adoption in developing countries, such as India and
China, and developed countries, such as Japan. In recent years, China has
emerged as an active participant in the EV charging industry, due to the rapid
development of advanced inductive chargers. For example, in 2016, Zhejiang VIE
Science & Technology Co. Ltd. and Evatran Group Inc. formed a joint venture
to integrate PLugless, a wireless charging system of the former, into the EVs
being manufactured in China.
Thus, the soaring number of EVs, owing to the mounting environmental
concerns and escalating government support, will augment the installation of
wireless EV chargers in the forthcoming years.
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