What is Electric Vehicle Supply Equipment?
Electric Vehicle Supply Equipment (EVSE) is the infrastructure that provides the crucial link between an EV with a depleted battery and the electrical source. The key functionality of an EVSE is to supply electric energy to charge electric vehicles. EVSE is also known as an EV charging station, electric recharging point, or charging point.
What drives the EVSE market?
Technological progressions in EV charging and an enhanced range of distance covered by electric vehicles are some of the major factors driving the market growth. The growing sensitivity of various governments towards a cleaner environment has increased the demand for zero-emission vehicles. These vehicles need the installation of efficient charging infrastructure. Public and private charging stations play a significant role in this scenario.
With advancements in high end charging technology, the demand for fast charging equipment is significant. The EV charging supply equipment market has attracted huge investments by OEMs. In addition, OEMs have also started developing the charging infrastructure for the convenience of EV owners. Unlike conservative vehicles, EVs can be charged at numerous places including homes, offices, malls, parking lots, etc. Though, appropriate charging setup will need to be in place at such locations. An extensive and easily available charging network will prove to be most critical for rapid adoption of electric vehicles. Such infrastructure would not only deliver more charging choices for drivers but would also endorse mindfulness and range confidence for prospective electric vehicle owners.
Who are the top 10 EVSE players?
The top 10 Electric Vehicle Supply Equipment players are:
- ABB Ltd
- Yazaki Corporation
- Schneider Electric Inc.
- Mitsubishi Electric Corporation
- Webasto Thermo & Comfort
- Chargepoint Inc.
- BYD Company Ltd.
Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity. Some of the visionary leaders are Tesla, ABB and Siemens.
Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product. Some of the recognized dynamic differentiators are Engie, Yazaki and Mitsubishi Electric.
Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders. The innovators include companies like Schneider Electric, Webasto and BYD Auto.
Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market. The emerging companies are Blink Charging, Clippercreek, Greenlots etc.
Benefits of EV Charging
- Implementing EV Charging stations will help individuals and businesses:
- Reduction in carbon emissions
- Employee retention for businesses
- Retailers would be able to attract more customers
- Reduction in electricity consumption leads to energy saving
- Reduction or elimination in fuel expenses
- Flexible payment options
- Business advertising opportunities
Importance of EV Charging
- A Clean Substitute - A battery electric vehicle (BEV) has lesser moving parts than a conventional vehicle. There’s no necessity for liquid fuels or oil changes. Most of the maintenance costs related to internal combustion engine are removed.
- Cost Efficient - The total cost of owning an EV is comparatively lesser than the gas fueled cars.
- Energy Independence- The electricity that powers an EV can come from many sources, which may comprise of low-emission sources like natural gas and zero emission sources like wind, solar, hydro, and nuclear power. These allow EVs to radically decrease gaseous emissions.
- First Mover Advantages - The governments have made a variety of subsidies available for EV charging installations at all stages to develop the primary infrastructure. This enables the early adopters to considerably decrease their investment cost by leveraging the public funding.
Who are the major users of EV Charging Systems?
- They generally install EV chargers in home garages or outdoor locations such as offices and building parking lots.
- Outdoor installations require outdoor-rated charging equipment. Furthermore, a charging station at a multi-family residential complex requires additional considerations and is similar to a public charging station than the one installed at home.
- A home charging station requires wiring a dedicated circuit. Hence, most of the EV owners prefer private charging as it is convenient and cheap.
- Over a period, various companies have started offering new innovative technologies by integrating private charging with features such as auto scheduling, energy star certification, and charging reminders to make the interface of charging system user-friendly.
- Public charging stations are usually installed on highways to charge EV rapidly. They can be installed at taxi stands, highways, parking lots of commercial properties, hotels, airports, and shopping malls.
- The governments of various countries are encouraging the installation of public charging stations to increase the adoption of electric vehicles.
- For instance, many states in the United States such as California, Colorado, Florida, Idaho, and Michigan have implemented various schemes that provide rebates and incentives on installation of Level 2 charging station.
- The convenience of charging the vehicle while driving on a highway or during office hours is expected to boost the growth of public charging installations.
- Rapid Chargers - Rapid chargers are the quickest way to charge an EV. They are usually installed at highways or locations near the main routes. Rapid chargers include Rapid DC chargers, Ultra-Rapid DC, Tesla’s Supercharger and Rapid AC.
- Fast Chargers - Fast chargers are characteristically rated at either 7 kW or 22 kW. Most of the fast chargers deliver AC charging, though some networks have been installing 25 kW DC chargers with CCS or CHAdeMO connectors.
- Slow Chargers - Most slow charging units have been rated at up to 3 kW with some lamp-post chargers being rated at 6 kW. Charging times differ based on the charging unit and the EV that is being charged.
Important features to be considered while choosing an EV charging Station
- Charger Speed – It matters when the users need to recharge quickly, in between their journeys. Many of the users oppose the idea of EV adoption simply because of the charging time being really high. Hence, the charging speed hold a lot of importance when it comes to encouraging users to adopt more EVs.
- Portability – Portable EV chargers can be carried everywhere and they can also be set up wherever and whenever the need arises. This reduces the user’s hassle of searching for charging stations on the journey.
- Wi-Fi Equipped – A Wi-Fi enabled EV charging station helps the users to track their charging sessions, keep a tab on the power being delivered, and analyze statistics from historical charging sessions.
- Interface – An interactive interface helps users to get useful information and interact with the advertisements displayed on the screens. It helps in increasing awareness and encourages further adoption of EVs.
- Payment Flexibility – EV charging stations generally follow an open payment system. They allow users to pay with their smartphones, cards or by using any other Ecommerce options.
- EV Tax Benefits – Governments of various countries have been encouraging the adoption of EVs. For which, they provide a wide range of tax credits, rebates and grants.
How to choose the right EV Charging Station?
- Safety – Safety of all the equipment has to be considered above rest of the things.
- Earthing System – The users will need to check if they have TT or IT earthing system on their properties. Post which, they need to consult with the service providers regarding the same.
- Number of Phases- Most of the properties have single phase or three phase power supplies. So, if the users plan to get three phase charging points, they first need to check and verify the number phases that are available at the property and if at all, the neutral is available at the main consumer unit. This is very significant as some old properties in some countries might still be using very old three phase systems with no neutral system.
- Charging Speed – The charging speed has to match the user’s requirements.
- Voltage- Most of the power supply is either 230V single phase, or 400V three phase. So, all the charging points will be in sync with the property’s power supply, as long as correct phase type was chosen.
- Plug Type - There are only two EV charging plug standards currently available for AC charging. That's Type 1, also referred to as J1442 or Yazaki and Type 2 also known as Mennekes. The customers need to check what type of plug is more compatible to their need.
- Charging capacity of the EV- This defines how quick the EV is capable to charge when offered with all the power needed to do this. So prior to choosing the charging point the user has to learn about his/her EV’s maximum charging capacity.
- Enterprises, retailers, and service providers are investing heavily in installing EVSE to offer charging services to employees, customers, and vehicle fleets. Managing service charges and operating costs of EVSE presents a new challenge for owners.
- Charging time is a major restraint for the growth of the electric vehicle supply equipment market. Turbocharging has a power output of 800 V. With the help of a Combined Charging System (CCS) connector, it can split its 800V throughput into two 400 V plugs. Porsche has already implemented a pilot project for turbocharging in the Berlin-Adlershof technology park.
- Renewable sources of charging, such as solar, wind, and hydrogen fuel charging, are expected to play a vital role in the charging of EVs in the future. The increase in the usage of renewable energy to power EV charging stations is one of the key opportunities for players in the EV charging market.
- Organizations are presently working towards avoiding charging by cables and sockets. Instead, they are planning to introduce a wireless way of charging electric vehicles. The new system would be placed on the ground and it can be assimilated on a large scale in the asphalt or connected with the off-street parking places. The EV that is parked above the system can be charged wirelessly with the help of induction.
- The government has been focused on battery swap as a mechanism to ease the matters of cost of ownership of EVs. Battery Swapping facilities fundamentally support exchange of discharged batteries in a vehicle with fully charged batteries from the shelf. A benefit of battery swapping is the minimized time for energy replacement in EVs as battery swap can be done within 5-15 minutes compared to up to eight hours required for charging a battery.
- Highly recommended by electric utilities, the V2G facility envisions the capability of electricity producing utilities to equal the demand on their producing volume by drawing energy from the batteries of EVs linked to the grid during the daylight hours of peak demand and returning it to the vehicles during periods of low demand during the night.
- Battery Technology - stable developments in cell chemistry, anode and cathode material, is leading to a decline in cost for each battery by around 6-8%every year.
- Solar-powered cars - Another exciting tech trend revolves around solar-powered cars. Many manufacturers are already working towards developing solar cars.
- Software – Enhancement and innovation in software will be another trend to watch out in the near future. Things like connectivity, safety, information, and in-car entertainment should see some interesting developments in 2020.
- The Indian government plans to provide EVs with clean power. Indian Railways has made a call to assign space for EV charging places at their station parking lots, with private sector contribution.
- BSES Rajdhani Power (BRPL), a JV of Reliance Infrastructure and Delhi, plans to convert its entire service delivery fleet to an electric-fueled one by 2030.
- Amazon India to include 10,000 electric vehicles into its delivery fleet by 2025
- In June 2019, Electrify America and ChargePoint collaborated, which now permits drivers to use public chargers.
- In May 2019, China established the world’s largest charging station in Shenzhen.
- Vakrangee plans to set up 75,000 EV charging stations across India by FY22.
ABB operates in businesses such as electrification products, discrete motion and automation, process automation, and power grids. The company offers a wide range of solutions for industries such as marine, power generation, automotive, and railways. The electrification products segment includes modular substation packages, distribution automation products, switchgear, circuit breakers, measuring and sensing devices, control products, solar power solutions, EV charging infrastructure, wiring accessories, and enclosures and cabling systems, including KNX systems (the recognized global standard for home and building control) and data communication networks.
Siemens is a German engineering conglomerate focused on core business activities in the fields of energy, healthcare, industry, and infrastructure. Siemen’s energy management division offers a wide spectrum of software, products, systems, solutions, and services for transmitting, distributing, and managing electrical power and for providing intelligent power infrastructure. In EV charging segment, the company offers wallbox and fast charging infrastructure. The fast charging technology can charge 3 EVs simultaneously, with voltage range of 200 V to 920 V. It also offers innovative charging infrastructure for eBus charging which comprises fast charging solutions from 150 kW to 600 kW charging power as off board charging solution as well as 60 kW to 120 kW as onboard charging solution for opportunity charging on the route.
Tesla designs, develops, manufactures, and sells high-performance fully electric vehicles and energy generation and storage systems. The company installs and maintains energy systems and sells solar electricity. The company offers high power EV supercharger with high DC power output of 480 Volt. While the company has presence in almost every part of the world, the major part of the revenue is generated from the US. In addition to EVs, the company specializes in batteries, power electronics, integrated systems, and energy storage products.
Yazaki is a privately held company involved in the manufacturing and development of a wide range of automotive components. The company offers electronic products, EV connectors, wire harnesses, and meters to the automotive industry. Yazaki Corporation is also engaged in the production of air-conditioning equipment, solar equipment, electric wires and cables, and gas equipment. In addition, the company is involved in several other businesses such as paper recycling, glass recycling, food recycling, agribusiness, nursing care, and food.
The company offers both AC and DC charging connectors, which enhance the charging operation of hybrid and electric vehicles. In 2017, the company launched its Type 2 charging connector, which is the standard adopted in Europe for normal charging. The launch of this connector allowed Yazaki to have a complete portfolio of charging products.
Engie is a French multinational utility company that operates in the fields of electricity generation and distribution, natural gas, nuclear, renewable energy, and petroleum. The company operates through nine segments in regions such as Europe, Latin America, Asia, North America, and others. The company offers EV charging solutions under energy services. It offers end-to-end service provision, from initial consultation and planning through to design, installation, and ongoing infrastructure maintenance and management. The Group has a strong presence at every link in the energy value chain, from low-carbon generation to the provision of energy-efficient solutions for all its customers.
Schneider Electric specializes in providing energy management and automation solutions. The company operates through 4 business segments: building, industry, infrastructure, and IT. It is a global leader for products in a variety of technologies including building automation, industrial automation, energy distribution, low voltage products, and energy storage systems. The company offers EV charging systems under the electric vehicle charging segment. The company’s product portfolio includes fast chargers and wallbox chargers for residential and outdoor applications. The company also provides connected charging stations, which are ideal for semi-public parking facilities, corporate EV fleets, and apartment complexes. In the EV charging segment, the smart wallbox charging station has advanced features such as user authentication, billing and report generation, and remote maintenance. In addition, the company provides field services for efficient maintenance of its EV charging infrastructure.
Mitsubishi Electric operates through 6 major business segments, namely, Energy and Electric Systems, Industrial Automation Systems, Information and Communication Systems, Electronic Devices, Home Appliances, and Others. Under the Industrial Automation Systems sub-domain of automotive equipment, the company offers smart mobility solutions such as electrified powertrain system with high efficiency inverters and motors. The company has a strong presence in major markets such as Japan, Asia, Europe, and North America.
Webasto is globally recognized for its innovative solutions in the automotive industry. The company has been serving the international automotive industry for more than 75 years and has secured its position as Germany’s top 15 automotive suppliers. Webasto has also ventured into innovative charging solutions for EV. The company provides environmentally friendly charging and mobility solutions. The company offers high quality charging stations, professional installation, complete services and digital networking solutions. The company also provides battery solutions that have been designed for total scalability and configuration flexibility. Each battery package has 35 kWh of energy and up to 10 packs can be used for a combined 350 kWh.
BYD is one of the few companies that specialize in the manufacturing of commercial electric vehicles. The company operates in three core business segments: Automobiles, Handset and Assembly Services, and Rechargeable Battery and Photovoltaic. BYD focuses in the manufacture, design, and assembly of a wide range of products. BYD provides electric vehicles, EV batteries, as well as charging solutions for EV users. It offers battery electric vehicle (BEV) models such as e5, e6, eBus, etc. and plug-in hybrid electric vehicle (PHEV) models such as Qin and Tang. The company provides electric vehicles in passenger as well as commercial vehicle segment.
ClipperCreek is a leading provider of charging solutions for electric vehicles. The company is widely known for its charging solutions for EV such as Level 2 EV Charge Station, Level 1 cord sets of plug-in EV and battery electric EV, and other necessary charging equipment. ClipperCreek has a number of OEM customers across the world. The company also offers an assortment of commercial charging stations and mounting solutions ideal for airports, universities, casinos, hotels, shopping centers, and more.
Greenlots provides EV Charging solutions to utilities, city planners, automakers and enterprises. The company’s EV charging network, turnkey EV charging solutions and grid management services provides users with the power to organize, work and assimilate smart charging infrastructure at scale. The company has developed a mobile app that enables EV drivers to find the nearby charger, check their charging status, and make payments all from their smart phone. Greenlots cloud-based platform provides property holders with real-time control and visibility into their EV chargers.
Efacec is considered a global leader in the fast-charging infrastructure market for electric vehicles. Efacec is the largest Portuguese company in the area of energy, engineering, and mobility. The company has eight business units - Transformers, Energy, Switchgear, Automation, Environment and Industry, Transport, Service, and Electric Mobility. The company offers a full range of charging solutions to charge electric cars, motorcycles, and buses with integration in management systems for efficient use of electric grid infrastructure. EFACEC’s solutions include Private Charging, Public Charging, Quick Charging, Ultra-Fast Charging and Wireless Charging.
Blink Charging is a US-based company that provides charging stations and services for EV. Blink Charging is considered as the largest EV charging station provider and operator in the US. The Blink network currently links more than 15,000 charging stations all over the US providing Electric Vehicle users the capacity to charge their electric cars wherever they live, work, and play. As a Blink host site the users are not required to purchase any equipment but instead they can opt to become a partner to be an EV charging station provider. A host Blink partnership delivers flexible business models.