Gone are the days of a meter reader coming to your business to assess your electricity use. Instead, smart meters connect to the internet, sharing energy data with the utility. Your company can monitor energy use in the cloud to derive operational insights. That’s why you need energy data to make better business decisions. Surprisingly, … Read more
Just like a new car, a charger for an electrical vehicle (EV) comes with features that affect price. There is no single answer to the question: What does a level 3 charger cost? You can purchase a basic, inexpensive car. But additional features increase the price. Similarly, level 3 charging station costs range from $40,000 … Read more
By 2030, nearly 22 million electric vehicles (EVs) will be on US roads, the Edison Electric Institute (EEI) predicts. They will require more than 100,000 direct-current fast chargers (DCFCs) also known as level 3 chargers to support them. The global emphasis on reduction in carbon emissions is accelerating the push toward EV adoption. Already, some … Read more
Between the second quarters of 2020 and 2021, the sales of electric vehicles (EVs) increased 200%, according to McKinsey. At this rate, McKinsey predicts that EV sales will comprise about 53% of all passenger-car sales by 2030. See how profit opportunities can expand with EV Chargers. The number one deterrent to purchasing an EV is … Read more
By 2030, electric vehicles (EVs) will comprise nearly 30% of new car sales, according to the market analysis group EV Adoption. The increasing demand for EVs will not only transform the dealership business model, it will also affect the hospitality industry and other consumer-facing businesses. The creation of an EV charging environment attracts EV drivers, … Read more
In the next five years, what will your Auto Dealerships’ inventory look like? Original equipment manufacturers (OEMs) are telling Future Energy they expect up to 40% of the cars on the lot will be electric vehicles (EVs). The growth of the market for EVs will affect how you manage your inventory. Now, your porters may … Read more
Sales of electric vehicles (EVs) are surging, while new car sales overall are skidding, according to Kelley Blue Book. You likely have more questions than answers about how the EV revolution and EV charger integration will affect business. How will you be able to power a full inventory of electric vehicles? In part due to … Read more
There is a nationwide push to install EV charging stations. In December of 2021, the Department of Energy and Department of Transportation joined forces to accelerate the creation of a network of EV chargers across the US. As a result, there are many financial incentives available for businesses pursuing their plans for EV charging station … Read more
Automotive executives are predicting a sweeping transformation of the automotive sector in the next five to 10 years, according to a 2021 study by KPMG. In particular, executives expect that 52% of new vehicle sales in the United States will be of all-electric vehicles by 2030. They also anticipate a corresponding widespread adoption of direct-current … Read more
In January 2021, President Biden outlined a federal plan to achieve net-zero emissions by 2050. As part of the strategy, the federal government established grant and incentive programs to spark the installation of 500,000 EV charging stations by 2030. In the same way, New York State has pledged up to $250 million through 2025 to … Read more
