{"id":565543,"date":"2021-04-14T13:02:29","date_gmt":"2021-04-14T13:02:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/14\/carmakers-struggle-to-charge-up-ev-future\/"},"modified":"2021-04-14T13:02:29","modified_gmt":"2021-04-14T13:02:29","slug":"carmakers-struggle-to-charge-up-ev-future","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/14\/carmakers-struggle-to-charge-up-ev-future\/","title":{"rendered":"Carmakers struggle to charge up EV future"},"content":{"rendered":"

<\/a> We have too many things to charge, and that's causing a bottleneck for electric <\/strong>vehicle makers: <\/strong>Battery-powered electric vehicles are expected to reach milestones in the next couple of years that will fuel their mainstream adoption. Yes, research shows that EVs will inevitably get cheaper, better and more diverse, but battery issues and a spotty charging infrastructure still pose a major challenge to mass-market EV adoption (watch, runtime: 19:50<\/a>).<\/p>\n

The technology isn\u2019t yet at a tipping point:<\/strong> Major electric automakers are getting closer to the USD 36k price tag and the expected driving range of 291 miles that would ensure the mass proliferation of EVs among consumers, but reaching the 31 minute charging time that market research says consumers want is the largest barrier to its mass-market adoption. Tesla\u2019s Model S \u2014 which currently has the best charging time of EV models on the market \u2014 can barely charge its battery to 83% in half an hour, and this is in ideal conditions using one of Tesla\u2019s supercharging stations.<\/p>\n

The industry doesn\u2019t just need faster chargers, it also needs more of them<\/strong>, which is a big stumbling block due to the enormous cost of fast EV chargers. Tesla needs to build an additional 31.3k supercharging stations in the US, which would cost the company USD 7.8 bn, or almost 10x their total annual profits from 2020. But the infrastructure is still not ready to underpin such a breakthrough, and continues to undermine EV makers\u2019 ability to meet the mass-market demand.<\/p>\n

And the fundamental structure of electric grids is getting in the way:<\/strong> Alternating Current (AC) power is the standard for most electricity grids, but EV charges need a direct current (DC) supply to power up. This requires the integration of high wattage AC to DC power inverters to allow EVs to charge their batteries, which is both costly (around USD 58k) and about the size of a large fridge, hampering owners\u2019 ability to charge their EVs rapidly at home.<\/p>\n

Egypt\u2019s journey towards an EV-powered future has its own hurdles \u2014 not least of which is the charging problem: <\/strong>The government plans to establish 3k EV charging stations<\/a> nationwide within three years, in addition to establishing electric vehicle parking and charging stations in shopping center garages and the Tahrir and Ramsis garages. Our friends at Infinity-E have also set up 130 charging points across the country, and other multinationals \u2014 including Schneider Electric<\/a> \u2014 are also looking to get in on the action. The good news for Egypt is that the costs of charging EVs (and owning them as a whole) are expected to drop over the years, once a critical mass of users is reached. Schneider Electric\u2019s Regional President of Egypt, North East Africa, and the Levant, Walid Sheta previously told us that the cost of battery storage alone has already dropped 80% in the past 10 years.<\/p>\n","protected":false},"excerpt":{"rendered":"

We have too many things to charge, and that's causing a bottleneck for electric vehicle makers: Battery-powered electric vehicles are expected to reach milestones in the next couple of years that will fuel their mainstream adoption. Yes, research shows that EVs will inevitably get cheaper, better and more diverse, but battery issues and a spotty […]<\/p>\n","protected":false},"author":1,"featured_media":565544,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9004],"tags":[144,244,633,7111,639,651,2388],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-565543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-watching","tag-automotive","tag-electricity","tag-enterprisepm","tag-infrastructure","tag-technology","tag-tesla","tag-worth-watching","wpautop","entry"],"acf":{"mongo_id":"2955eef3-741c-4ab6-ad5b-64008cf75c48","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/4\/422.jpg","photo_position":"above","related_issue":[565530],"teaser":"","voice_url":""},"yoast_head":"\nCarmakers struggle to charge up EV future - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/14\/carmakers-struggle-to-charge-up-ev-future\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Carmakers struggle to charge up EV future\" \/>\n<meta property=\"og:description\" content=\"We have too many things to charge, and that's causing a bottleneck for electric vehicle makers: Battery-powered electric vehicles are expected to reach milestones in the next couple of years that will fuel their mainstream adoption. 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For years, EVs were touted as the be-all and end-all of the automotive industry\u2019s future, but the discourse around them has grown polarized\u2026","rel":"","context":"In "THE ENTERPRISE GUIDE"","block_context":{"text":"THE ENTERPRISE GUIDE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-enterprise-guide\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2704.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566418,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/17\/infinity-to-lead-ev-infrastructure-development-as-egypt-gears-up-to-put-electric-vehicles-on-the-road\/","url_meta":{"origin":565543,"position":2},"title":"Infinity to lead EV infrastructure development as Egypt gears up to put electric vehicles on the road","author":"enterpriseam admin","date":"17 June 2021","format":false,"excerpt":"Renewables leader Infinity is set to work with the government on setting up 6k electric vehicle charging points, across 3k charging stations nationwide over the next three years, Infinity said in a press release (pdf). 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The tariffs cover both the cost of electricity sold to charging stations as well as charging costs to end users.WHAT DOES INDUSTRY THINK? The tariff is \u201csuitable\u201d as a start and will be\u2026","rel":"","context":"In "SPEED ROUND: CABINET WATCH"","block_context":{"text":"SPEED ROUND: CABINET WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":542710,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/12\/egypt-to-see-its-first-locally-assembled-ev-in-2023\/","url_meta":{"origin":565543,"position":5},"title":"Egypt to see its first locally assembled EV in 2023","author":"enterpriseam admin","date":"12 January 2022","format":false,"excerpt":"Egypt will produce its first locally assembled electric vehicles next year, President Abdel Fattah El Sisi said in an address to the World Youth Forum yesterday (watch, runtime: 10:26). 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