After more than a century of dominating the roads, internal combustion engines (“ICE”) seem to be on the way out. ICE vehicles, especially passenger vehicles, are responsible for close to 30% of global carbon emissions. As climate change accelerates and the planet heats up, zero-emission electric vehicles (“EVs”) have been crowned the successor of the internal combustion engine.
However, EVs still make a small percentage of global vehicle sales, a paltry 4% to be exact, with most drivers opting for tried and tested petrol and diesel-powered cars. They can take hours to fully charge, and an insufficient and often unreliable network of public charging stations has kept plenty of drivers from switching to electric vehicles. Fast-charging technology is one of the best ways to allay range anxiety, and a new ultra-fast charger from Nidec Industrial Solutions may be what the industry needs to supercharge EV adoption.
Nidec Industrial Solutions has installed an ultra-fast charging station on an Italian state highway that is capable of supplying up to 320 kW of power to a single vehicle. In addition, it can be connected to both MV and LV grids. Consequently, it can charge electric vehicles to 80% in less than 15 minutes. Additionally, it does so without placing a significant strain on the electricity grid, which will have to be beefed up in the coming years to support a mass shift to electric cars.
Installed along Telesina state highway 372, the ultra-fast charging station, which features the most advanced, new-generation, ultra-fast chargers in the market, will be a godsend for drivers taking long trips using that route. Due to its compact size, the new ultra-fast charging system can be distributed to other regions to meet the demand for fast-charging infrastructure. Were other countries to adopt such ultra-fast charging technology, they would be able to develop a widespread network of fast chargers, eliminating one of the main obstacles to mass EV adoption.
Range anxiety has been a major hindrance to electric vehicle adoption in most cities and countries. Although most drivers generally drive an average of 25 miles a day, they would still prefer a vehicle that can allow them to take longer trips without any anxiety. Installing ultra-fast charging stations such as Nidec’s along highways would not only ease drivers’ fears of running out of power without a charging station in sight, but it would also allow those drivers to recharge their vehicles in a relatively short time and be on their way.
To avoid straining the national grid too much and forcing energy providers to use more fossil fuels to generate electricity, Nidec’s ultra-fast charging stations employ battery energy storage.
Moving forward, developing a network of ultra-fast charging stations that can charge numerous types of vehicles, from passenger cars and buses to commercial vehicles, using mostly clean energy could be one of the only ways to increase EV adoption. For-profit companies such as Ideanomics Inc. (NASDAQ: IDEX) have realized this need and are providing wireless charging facilities geared at commercial vehicles. This will increase EV adoption in this market segment and the industry in general.
NOTE TO INVESTORS: The latest news and updates relating to Ideanomics Inc. (NASDAQ: IDEX) are available in the company’s newsroom at https://ibn.fm/IDEX
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