Ultrafast Charging for Electric Vehicles Soon on the Way

Published By : 25 Jul 2017 | Published By : QYRESEARCH

Most consumers did not opt for electric vehicles as they did not fancy a car that takes long hours to charge. But, very soon this year, charging hardware with a capacity to charge within 10 minutes so that it can cover 300 miles is expected to arrive. However,  only a few of the new generation public charging cabinets will be equipped for fast charging as of now because at this point, very few cars are designed to be able to take in as much charging. Charging technology has risen far ahead of the hardware used in most electric cars.

High Cost of Ultrafast Charging Does Not Dampen Sales

These ultrafast chargers will soon come online. However, public charging providers and automakers will face new issues. Not only do they have to pay a high cost when buying these chargers, but also the operation cost will also be high as public utilities levy demand charges for the enrgy drawn above expected levels. The demand fees can account for almost 80% of the total operating cost. Installing more stalls on every site could be a solution and bring the expenses down

Programs such as Nissan’s No Charge to Charge have helped in understanding one thing- that users opt for fast charging whether or not they need the fast rate. The Chevrolet Spark EV with the option of fast charging was preferred and purchased by customers, as compared to the same car minus the option of fast charging. Despite the high cost of ultrafast charging, customers still prefer them. 

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