Posts Tagged ‘evgo’

Study Predicts Nearly 100-fold Increase in EV Charging Stations

Critical step needed to end “range anxiety.”

by on May.16, 2013

A new study expects to see more than 10 million EV charging stations worldwide by 2020.

Though Tesla Motors might have achieved its first-ever profit during the first quarter, sales of plug-in vehicles is generally lagging way below expectations, something analysts blame on the high price of battery-based vehicles as well as their limited range.

But the nascent electric vehicle market may get a big boost if a new study from IMS Research proves on target.  It predicts the number of EV charging stations will grow from a mere 135,000 worldwide in 2011 to as many as 10.7 million in 2020, with the fastest growth likely to occur in the U.S., China, Japan and Germany.

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“While (EV and plug-in hybrid sales) volumes may not reach the levels imagined in the hype of 2009, it is clear that there needs to be charging infrastructure in place to support this change in mobility,” says Alastair Hayfield, associate director at IMS Research.

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eVgo Hopes to Make a Go of it with Vast EV Fast-Charge Network

“Freedom Stations” take aim at range anxiety.

by on Dec.05, 2012

An EV owner prepares to plug into a Level III charger at an eVgo Freedom Station.

While battery sales have been improving in recent months they slowed unexpectedly in November despite the surge in the overall U.S. automotive market. While analysts will likely debate what this specific setback means, even electric vehicle proponents acknowledge sales are being constrained by two key challenges: price and range.

It’s likely to take some time – and some significant developments to lower costs and increase the capacity of today’s lithium-ion battery technology.  But a Texas-based start-up is betting it can help overcome the issue of range anxiety by setting up a network of high-speed chargers dubbed “Freedom Stations.”

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“We think we can overcome the issue of range anxiety and provide EV owners range confidence,” says Terry O’Day, the director of California Business Development for eVgo.

A new subsidiary of Houston-based power company NRG, eVgo wants to install nearly 400 – and possibly more — high-speed Level III chargers in Texas, California and along the Mid-Atlantic region.

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