An electric vehicle charging station (EVCS) is the infrastructure that distributes electrical power for charging plug-in electric cars. The primary function of an EVCS is to provide electric energy for charging electric vehicles. Electric utility providers or private organizations install charging stations, also known as electric vehicle supply equipment (EVSE), in municipal parking lots or at retail shopping centers. Special connectors are provided by these stations, which comply with a range of electric charging connector standards. While some EV charging companies provide advanced capabilities like smart metering, cellular capability, and network access, others are more basic.
360Quadrants have evaluated and picked some of the Best EV Charging Companies in the Electric vehicle charging station market. This evaluation helps EVCS platform buyers to learn in detail about the software and also make the right choice for their requirements. All the vendors of EVCS platforms in this analysis have been carefully compared against their product offerings as well as business strategies and were positioned on a quadrant, which is updated every quarter. 360Quadrants also provides a SWOT analysis and further enables these platform providers to get to know more about new probabilities and scope to progress.
Recent Developments of Top EVCS Vendors
ChargePoint as a Service (CPaaS) Parntership with Goldman Sachs Renewable Power (GSRP)
In March 2022, Goldman Sachs Renewable Power (GSRP), a strategic, long-term investor in sustainable energy projects, has established a partnership with ChargePoint Inc. Both EV charging companies are launching new customized financing alternatives as part of the ChargePoint as a Service (CPaaS) product family to help eligible customers lower the upfront costs of EV charging equipment. Customers may now choose the CPaaS option that best suits their needs thanks to this agreement, which now supports both funded and turnkey charges. Customers can pay for charging infrastructure as an operational expense with the new funded option, and customers that offer public charging can host a station at no cost to them with the turnkey option. Customers will be able to deploy a superior EV charging solution at no cost as a result of our agreement.
BYD Collaboration with Shell to enhance customer service for BYD’s battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs)
In March 2022, BYD and Shell have inked a collaboration agreement to help customers of BYD’s battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) expedite the energy transition and improve their charging experience. The relationship will begin in China and Europe and will eventually expand to other parts of the world. Shell and BYD will develop a pan-European Mobility Service Provider (MSP) agreement for private and commercial clients, giving them access to 275,000 charging outlets through the Shell roaming network. Shell and BYD will also work together in Europe to create Fleet Solutions and Depot Charging services for BYD clients. Both EV charging companies also plan to form a cooperative venture in China to construct EV charging networks. The joint business will be responsible for a network of more than 10,000 charging stations in Shenzhen, with plans to extend to other Chinese cities.
Tesla to launch EV Charging points across India
In December 2021, Tesla Power USA, the world’s top EV charging company, will soon add 5000 two-wheel EV charging points across India at its franchise-owned Tesla Power Shops. This pledge encourages the usage of electric vehicles and helps to ensure that the environment is as sustainable as possible. Tesla Power Shop is a hybrid and one-of-a-kind service, sales, and EV Charging Points business. This hybrid retail concept is gaining popularity across the country and around the world.
BP PLC brought AMPLY Power, an electric vehicle (EV) charging and energy management service
In December 2021, BP PLC has purchased AMPLY Power, an electric vehicle (EV) charging and energy management service for fleets, to help it enter one of the world’s fastest expanding fleet charging segments. BP intends to build AMPLY Power and deliver its proven EV fleet charging services and energy management solutions to customers all over the world by using its worldwide reach and partnerships. This investment is in line with BP’s aim to grow out next-generation mobility solutions for clients, including individual drivers and fleet operators, by providing the fastest, most dependable, and convenient network of charging and digital solutions.
ABB launched unique all-in-one electric vehicle (EV) charger
In October 2021, ABB has unveiled its unique all-in-one electric vehicle (EV) charger, which offers the industry’s fastest charging experience. With dynamic power distribution, the new Terra 360 modular charger can charge up to four EVs at once. The new charger can fully charge any electric car in less than 15 minutes and has a maximum power of 360kW. The Terra 360 meets the requirement for quick, convenient, and easy-to-use charging infrastructure, driving worldwide e-mobility adoption.
360Quadrants Evaluation Methodology
360Quadrants very prudently picked and assessed some of the Top EV Charging Companies. These vendors were assessed based on more than 110 specifically selected data pointers which were finalized based on the product and business strategy of the software provider and the data received from the buyers as well as the industry experts. All of these data pointers were assigned a specific weightage, post which they were measured as well. This study also helps the analysts to calculate the total score based on which the EV charging providers were ranked and positioned on 360Quadrants.
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