OF RANGE ANXIETY AND OPPORTUNITIES

Regarding EV policy, end users ultimately help shape the discussion. “It’s pretty clear that range is the most well-regulated area — not surprising, as revealed by research and anecdotal evidence, because it’s what potential buyers primarily think about,” added the speaker. Meanwhile, battery attributes are displaying “so many standards at the moment, and we’re far from having harmonious standards across the board,” something “tricky” because of the variety of EVs countries and manufacturers want to roll out.

Consequently, even charging stations are far from hewing to a single design or norm, as “countries are more concerned about putting out the actual [facilities] than standardizing them.” This is also reflective of a relatively early stages of the industry early phases of the industry in this region.

With this in mind, Mr. Mutuc averred that the further development of the EV industry in whichever territory will be helped along by financial incentives — “increasingly becoming the preferred means of allowing more electric vehicles to be on the road in various countries.”

Frost & Sullivan forecasts global EV sales of 23 million by 2025; its present 2% share of the passenger vehicle market will reach 22%. This is expected to happen in concert with the mitigation of so-called “range anxiety.” Today’s batteries are now surpassing an output of 60 kilowatt-hours, allowing users to drive more than 300 kilometers with each charge.