Is it really time to disconnect?

With a wide range of anxieties looming, it’s time to add one more to the list!

Range anxiety (pun intended!) Is the fear that the electric vehicle battery will run out of power. With electric cars rapidly passing through the market, it was natural to have a revolutionary idea of ​​dynamic charging, which refers to charging an electric vehicle, on the move, without the need for charging stations. However, the idea is futuristic. What’s in the loop is wireless charging. Currently Plugless Power, which is a brand of EVATRAN, is the only company supplying wireless charging systems, but for the aftermarket. The company plans to enter the OEM market in China and has already signed an agreement with a Chinese manufacturer. Companies like Qualcomm, Witricity, Bombardier, Momentum Dynamics, etc. They are still in a nascent stage with respect to the market and claim to launch their products for OEM in 2018.

An India-based market research consultancy looks at trends in global wireless charging for the electric vehicle market. According to estimates, the market is set to grow at a rate of 43.6% in the next five years.

Say goodbye to painful cable charging and say hello to new technology in town – all you need is a strategically located station and charging pad, to breathe life into cars, again.

In all its simplicity, the necessary components are a platform on the ground and a receiver mounted on the underside of a vehicle. Inductive charging is used in the EVATRAN wireless system. A magnetic field is created by passing electricity through a coil. One coil is placed on the ground and the other is attached to the underside of the vehicle. The second coil, which is placed on the ground, must be connected to a power source and is protected against the elements for outdoor use.

Tech giants like Qualcomm have dabbled in wireless charging for the electric vehicle market, with Qualcomm Halo Wireless Electric Vehicle Charging (WEVC) technology.

How will the technology affect the market?

The electric vehicle market is expected to witness an increase in sales. Also, an increase in electric car ownership is expected, due to ease of charging. This, in turn, is expected to increase demand from manufacturers of wireless charging infrastructure. However, the demand for conventional cars is expected to suffer with the advent of wireless charging for electric vehicles.

Now here’s the bright spot for investors: the market is expected to see strong growth for 2018, due to many company-related activities or product launches taking place that particular year. Also, the market is predicted to grow rapidly, due to increased awareness of global warming issues, depletion of fossil fuel levels, etc. This is a future market, which is about to peak in 2022-2025. Now, isn’t it a golden opportunity for investors to contribute and also contribute to the environment?

Get ready for the next big thing!

Leave a Reply

Your email address will not be published. Required fields are marked *