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Is wireless charging the future for electric vehicles? These corporate leaders think so.

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The future of EV charging

In the news

•

Prioritizing accessibility. As sales of electric vehicles (EVs) surge, so does the need for more accessible public charging stations. The UK alone could have 2.7 million drivers with disabilities by 2035. Today, these drivers might experience raised curbs blocking their access to charging points, narrow spaces between charging spots, and lack of information in apps about where to find accessible chargers. In response, a UK-based organization developed a national standard for accessible EV-charging stations. Longer cables and lower screens and payment terminals are some features that charger designers and operators could explore. [CNBC]

•

Public-charging challenges. Many EV-charging stations in the US are in a state of disrepair. According to a study from 2022, more than 25% of one region’s 657 charging stations didn’t function properly. Moreover, a survey of EV owners about US charging infrastructure by a global consumer insights leader revealed that one of five who had been to a station recently were unable to charge successfully. Nationwide, charging stations are managed by a mix of different public and private entities—from utilities to automakers—which means that drivers often have to navigate a range of equipment, methods of payment, and apps. [WaPo]

“Wireless systems can perform alignment, authentication, and verification and initiate charging within a few seconds of the vehicle arriving at the charger.”

On McKinsey.com

•

Charging up. According to McKinsey research, America could require 1.2 million public EV chargers and 28 million private chargers—charging stations in homes, workplaces, and other private settings—by 2030. That translates to almost 20 times more chargers than the country currently has. To date, most EV drivers plug in to wired charging stations. But the future of charging could reside in wireless and automated charging solutions, which could make EV ownership more convenient, cost effective, and appealing for drivers and fleet operators.

•

Wireless while you wait. Wireless and conductive automated charging, which juices a vehicle’s battery through its underbody, have promising applications for both businesses and consumers. Imagine taxis wirelessly charging up in line at a taxi stand or trucks seamlessly recharging while being loaded and unloaded. In an interview with McKinsey partners Shivika Sahdev and Florian Nägele, a corporate leader in the space shared that the availability of wireless charging could increase consumers’ interest in purchasing an EV by 68%. Learn more about the business implications of innovative charging technologies.

Go wireless

— Edited by Andrew Simon, senior editor, Seattle

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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:34 - 24 May 2023

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Is wireless charging the future for electric vehicles? These corporate leaders think so.

The future of EV charging

In the news

“Wireless systems can perform alignment, authentication, and verification and initiate charging within a few seconds of the vehicle arriving at the charger.”

On McKinsey.com