Wireless charging technology is rapidly growing, driven by the increasing demand for consumer electronics, and electric vehicles, and the need for efficient and convenient charging solutions. The rising adoption of smartphones and other portable devices, as well as the growing trend of smart homes and the Internet of Things (IoT), has further propelled the demand for wireless charging solutions. The development of dynamic wireless charging systems, which allow electric vehicles to charge while in motion, is expected to revolutionize the EV charging infrastructure.
HEVO Inc. and Stellantis N.V. Partnership
HEVO Inc. and Stellantis N.V. have partnered to integrate wireless charging into Stellantis EVs. The collaboration aims to provide a superior charging experience for EV drivers without compromising on safety, efficiency, or durability. HEVO’s wireless charging technology boasts an efficiency of up to 95% (grid-to-battery) and is in compliance with SAE and UL wireless charging standards. Early applications of this technology include transit and logistics fleets, as well as disabled drivers who benefit from accessible and ADA-compliant charging.
Charging Infrastructure Challenges and Innovations
With 130 million EVs expected on Europe’s roads by 2035, at least 65 million public charging stations are needed to meet demand. However, the current number of public charging stations in Europe is only 350,000+. The lack of infrastructure is the top concern for EV adoption. Innovations in go-to-market and technology are needed to bridge the charging “deficit”. Governments and businesses can support the installation of private EV charging infrastructure, and innovative partnership models are emerging to use EV charging as a marketing tool and create new revenue streams.
Wireless Electric Vehicle Charger Market Growth
The Wireless Electric Vehicle Charger Market is predicted to hit USD 1.6 billion by the end of 2030. Wireless charging technology is becoming increasingly important in the EV market, with the potential to accelerate EV adoption. Wireless electric vehicle chargers are invisible charging solutions that automatically dispense electricity using charger pads sunk into or on the roadway. In-home EV chargers are also in demand due to the increasing integration of technology, efficiency, and electrification in modern homes.
Key Players and Market Drivers
Key players in the market include WiTricity Corporation, Plugless Power, Nission, ZTE Corporation, Qualcomm, ELIX Wireless, Continental AG, HEVO power, BMW, ABB, Leviton, Convenient Power HK Limited, Delphi Automotive, Siemens, Bosch Group, and Toshiba Corporation. The market is driven by investments in smart technologies and incentives by governments but faces setbacks such as the requirements of large structures and high investments to develop charger stations.