Powerstar update on EV market growth, sustainability and future strategy
Powerstar, the market leading voltage optimisation brand, last year introduced its second offering to the energy storage market, an innovative integrated energy storage and electric vehicle (EV) rapid charging system, VIRTUE EV.
Supporting continued investment in VIRTUE EV, Powerstar periodically produces market overview reports to provide a contemporary insight into the status of the electric vehicle market.
The overview provides added context to the sustained growth that is currently taking place in the market. Powerstar provide various data points which are all measures of the positive trajectory for electric vehicles (EVs) and offers a deeper perspective as to why this growth is occurring in the stable and sustainable fashion that can be observed.
The report sees rapid chargers specified as an area of interest, beginning with an explanation of the timeframes for rapid charging to achieve specific states of charge (SOC) on a standard electric vehicle, and moving into an exploration of the current statistics. The overview also includes the limitations that are imposed on rapid chargers by the existing infrastructure.
Further to this, Powerstar has included areas in which the market has been restricted. This includes some of the common reasons why wider adoption of EVs has not been successful. The report concludes with the potential future strategies that the market could adopt to develop.
To read the full report, visit the Powerstar website here.