Survey Says Most EV Charger Developers Have Hit Roadblocks

The number of public and private EV charging stations in the U.S. has more than doubled since 2020, however many more charging stations are needed. The lack of public and private EV charging is a primary reason for slow EV adoption in America.

In 2023, The Biden Administration said the U.S. is on track to install a network of 1.2 million public chargers by 2030, including about 1 million Level 2 charging ports. The statement said between $31 and $55 billion of cumulative public and private capital investment would be required to achieve the administration’s goal of installing 500,000 public charging stations.

Xendee’s 2024 Market Survey on Commercial EV Charging

Those installing commercial EV charging stations have faced a variety of problems in getting the job done. Endeavor Business Intelligence and Xendee conducted its annual survey to gain insight into the challenges and potential solutions related to commercial EV charging. 

The survey targeted leaders involved in the development, operation, and commercial use of EV charging infrastructure.

Michael Stadler, Co-Founder and CTO of Xendee, said: “We recognize that although the challenges and opportunities with commercial EV charging are clear, the landscape is also rapidly evolving. This annual study allows us to maintain a clear understanding of the acceleration of EV charging projects and how we can best support the transition to electric vehicles.”

Respondents Said Electric Grid Limitations Are a Significant Barrier

According to 75% of respondents, the biggest factor contributing to the slow growth of the EV charging infrastructure is limitations in the electric grid. Additionally, 63% of respondents noted the total cost of EV charging infrastructure as a significant roadblock.

Distributed Energy Systems (DERs) and Microgrids Co-located With EV Charging Infrastructure Is Important

For the second year in a row, survey respondents identified distributed energy resources (DERs) and microgrids co-located with EV charging infrastructure as the most important technology in advancing EV charging infrastructure. These technologies are designed to minimize overloading already burdened electric grids.

With DER, power is generated right where it is used. DERs can be connected with other DERs to optimize use. The most exciting DER application for the green energy revolution is solar energy. In 2023, solar energy was the fastest-growing global source of electricity, and the fastest-growing kind of clean energy. 

Microgrids are localized electric grids that can disconnect from the main electric grid and operate autonomously. The survey detailed the growing importance of microgrids to EV charging developers.

Government Incentives Are Making an Impact

Government incentives have proven to be a crucial factor in overcoming the high costs associated with developing and bringing EV charging infrastructure into operation. More than 80% of respondents said their organization will develop at least one EV charging infrastructure project within the next five years that they otherwise would not have without incentives from the Federal Government’s Bipartisan Infrastructure Law (BIL) and/or the Inflation Reduction Act (IRA).

In May, ACS reported about the perceived slowness in the rollout of EV charging stations funded by The Federal Government’s National Electric Vehicle Infrastructure (NEVI) Program. Over the next 12-18 months, the funding process is being streamlined to help grow the number of public and private EV charging stations across the U.S. 

Download the Survey

The full 2024 Xendee Commercial EV Charging Market Survey report can be downloaded here.

Automotive Charging Solutions (Acs) Leads Commercial EV Charging Installation

ACS works with a variety of customers to develop detailed EV charging installation plans to meet their needs, including consultation on the NEVI funding process and much more.

Contact ACS today to get your free consultation and price quote!

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