The Future of Transportation Is Electric
The topic of electric vehicles (EVs) and a buildout of an EV charging infrastructure is the talk of the town — or rather, the talk of nations. As concerns about high gas prices linger and climate change looms, this swift shift to electric is no surprise.
Globally, EV sales are projected to generate $384 billion in revenue by the end of 2022, which is up more than $34 billion only a year ago. A critical companion for all these vehicles hitting the streets are EV charging stations. Already, the category of charging ports accounted for $16.6 billion in sales for 2021 and is expected to reach $226.3 billion by 2031.
For the U.S. market only, approximately 26 million EVs will be on the road by 2030 and 12.9 million charge ports will be needed to support them. HID captures more staggering statistics around this highly anticipated EV market in its newly published The Call of Electrification infographic. The global and U.S.-specific figures spotlighted include the following:
- The U.S. is the third largest electric vehicle manufacturer in the world.
- President Biden recently announced the approval of US $900 million in funding to build electric vehicle charging stations across 35 states.
- He set a goal that by 2030, 50% of all vehicles sold in the U.S. will be electric.
People around the world are embracing electric vehicles in pursuit of lower emissions to slow climate change, save on costs over the long term, tap into employer and/or government incentives and rely more on renewable energy and less on fossil fuels. Yet, good intentions must be paired with strong security measures to protect data, systems and power grids.
This requires a reliable, proven access control system to identify and authenticate each user who rolls up to plug in. It’s especially important at semi-private stations that are or will be provided at regularly or frequently visited sites such as tenant buildings, corporate campuses and fleet depots, or at select destinations including hotels, shopping centers and gyms where you need designated access to use the equipment.
RFID technology provides secure end-to-end encryption to power secure credentials. Read the infographic about how HID is protecting the surge in EV charging stations around the world.
Mohit is Senior Manager, Product Marketing in the Extended Access Technologies business area. He has over 10 years of varied experience in product marketing, product management, business planning and engineering. His product portfolios included both B2B and B2C products in a diverse set of companies such as PDC IDenticard, Canon, Sears, General Motors. More recently he has been in the security industry for almost 4 years including his current role at HID.