What is an EV-Roaming Ecosystem? A Comprehensive Guide on Its Importance to Scale Your Charge Point Network.
When you used to travel abroad, do you recall the time-consuming procedure of getting a new SIM card in every country you stopped at? However, you most likely haven’t had to do that in recent years because telecom companies collaborated to make “mobile roaming” convenient and economical. As a result, no matter where they travel, consumers may use the same SIM card and keep their phone number with mobile roaming.
The EV charging business is seeing a similar phenomenon in the wake of interoperability and EV roaming. If done correctly, EV roaming has the potential to cater to the interests of each stakeholder, ultimately benefiting everyone in the EV ecosystem. Therefore, the industry must unite and work for EV roaming to acquire market traction.
What is EV Roaming?
The idea behind electric vehicle roaming, or e-Roaming, is straightforward: it offers an accurate “charging anywhere” experience. Any eMobility service provider’s EV charging network allows EV owners to charge while driving across regions and international borders.
Delivering electric vehicle roaming services is incredibly complex, despite appearing to consumers to be simple. It requires negotiated service and clearing agreements between eMobility providers and charge point operators, extensive communications requirements, different protocols, and support for multiple languages, currencies, tax rates, and regulations.
The procedure of charging an electric vehicle is modeled after filling an automobile with gas. The BEV (battery electric vehicle) or PHEV (plug-in hybrid electric vehicle) is connected to a power source by an electric cord and connection, which is analogous to a gasoline hose and nozzle. For 160 km (100 miles) of driving, level 1 chargers recharge a car for approximately 17–25 hours using a typical US 120V home outlet. For 160 km (100 miles) of driving, level 2 chargers need a 240V outlet to recharge a car in 4-5 hours.
As EVs gain popularity, more middle-class and lower-class owners who reside in flats and MDUs without the necessary room for personal charging stations are buying them. Therefore, EV charging is moving away from residential charging and toward commercial, public charging on streets, in office parks, commercial districts, and parking garages with Level 2 chargers and quick-charging Level 3 chargers that can recharge a vehicle in as little as 20 minutes.
According to the most recent prediction, there will be 11 million electric vehicle sales worldwide by 2025, up from a record 1.1 million in 2017.
The components of the electric vehicle (EV) ecosystem include:
- Electric vehicle
- Charging station
Reasons For EV Adoption:
- Gaps in Mobility: Mobility gaps are rising alarmingly quickly in a nation like India, where the population is constantly expanding. Unfortunately, the public transportation system cannot keep up with the growing demand for mobility. As a result, more individuals are turning to private autos as their main form of mobility as the gap widens. EVs offer a practical solution to mobility problems without increasing traffic or pollution. India can close mobility gaps and foster a preference for shared mobility solutions by integrating EVs into public and private transportation, such as e-buses, e-rickshaws, and e-bikes.
- Costs are Rising: The cost of ICE (Internal Combustion Engine) automobiles has increased due to the BS6 emission standards and the current spike in gasoline prices. India’s vehicle market has been highly cost-sensitive since the epidemic and accompanying supply chain disruptions. It is influencing the desire of consumers for affordable mobility options. By 2027, India will have sold 9 million electric vehicles, according to an IVCA-EY-Industry Law Report report. More consumers use plug-in vehicles instead of gasoline pumps due to growing input costs and gas prices.
The EV Ecosystem:
The EV charging ecosystem, which is growing along with the market for electric charging stations, is made up of many companies and service providers (not including the power suppliers to the grid). While some businesses concentrate on particular ecosystem components, like owning charging stations, others could offer various services, like finding a charging station, handling payments, and even holding EV charging stations.
Leading EV security solutions should establish a safe environment within the car that permits the e-Mobility service provider to give clients more services or vehicle functionality without fear of cyberattacks.
Uses of the EV Ecosystem:
An EV ecosystem may foster innovation in four key areas: business models, manufacturing and distribution, charging infrastructure, and sustainability. These four areas comprehensively include the production of EVs, the financial viability of EV manufacturers, the use of EVs by consumers, and the ecologically friendly disposal of these vehicles after their useful lives.
- A list of specific use cases follows each broad category.
- Each of them can develop into a successful enterprise over the long run.
- It is because each of these use cases is implemented using digital technologies.
- Business plans:
To make EVs inexpensive, automakers must alter their business strategies, and new business strategies may be advantageous to producers, consumers, and other ecosystem participants. Vehicle producers have access to new sources of income. Customers who drive safely and responsibly benefit from cheaper gas prices and insurance costs.
- Adapting manufacturing to customer needs:
EV producers benefited from subsidies and lowered entry hurdles, yet their goods still cost more than equivalent ICE vehicles. Due to market instability, they must develop swiftly. The degree of uncertainty, volatility, and lack of market control is known as turbulence. You may gauge it by looking at globalization, product life cycles, technology advancements, and shifting consumer preferences. EVs are currently in a stage of commoditization. Consumers’ attitudes are evolving in favor of more excellent product choices and payment methods. As a result, several EV manufacturers are in rivalry with one another. Manufacturing offers a chance to differentiate the products while controlling costs and addressing the problem of commoditization.
- Charging infrastructure:
Charging infrastructure is the lifeblood of electric vehicles. According to the WEF, governments and businesses must spend $500 billion by 2040 to install 290 million charging stations. According to the International Energy Agency, which is a 20% compound annual growth from the 7.9 million chargers accessible worldwide in 2019. However, you can take the following actions to make charging stations lucrative, sustainable, and self-sufficient despite government subsidies for their installation.
EV manufacturers can build with sustainability in mind rather than as an afterthought. Neodymium and dysprosium are examples of rare metals used to create magnets for EV electric motors. Vehicle batteries need cobalt and lithium, only found in a few places. Financial models should consider the high costs and environmental concerns associated with extraction.
The bottom line:
The time is now for service providers to improve the customer experience as more and more electric vehicles are put on the road every day. In addition, the finest charging infrastructure allows users to recharge anywhere.
Thanks to an EV roaming platform, you can add charging stations to your network, develop payment transaction systems, and keep track of the status of charging stations.
TelioEV offers various roaming solutions tailored to your company’s requirements if you’re interested in utilizing the strength of your network to provide fantastic customer service.
TelioEV is dedicated to assisting you in getting the most out of your charging network, whether through optimizing charger maintenance costs, managing payment systems, or delivering a unique branded design for your clients.
Whatever your company’s EV requirements, TelioEV is here to assist you each step of the way. Schedule a meeting with us if you’re interested in finding out more about how TelioEV can assist you in optimizing your charging network.