As we all know, the EV revolution is here and happening. EV sales continue to climb as the automotive industry moves towards a more digital and environmentally friendly future. Companies like Charge Enterprises are meeting the demands of many by connecting people with EV charging.
Mark LaNeve, former GM, Ford, and Volvo Executive, who has spent decades leading the industry, and is now leading Charge Enterprises, as President. He joins us today on Inside Automotive, to discuss his new role and we’ll also get his thoughts on today’s automotive landscape.
In June of this year, LaNeve was named President of Charge Enterprises, and he admits that there is still a lot of work to be done to create comprehensive EV charging infrastructure. In 2021 alone, 640,000 EVs have been sold, the majority by Tesla. Data reveals that this number is likely to increase to 25 million by 2030, with almost 100% adoption by 2035.
This means that there will be a huge need for EV charging infrastructure, especially in residential areas. As EV prices drop and more options become available, a reliable charging system must be in place for the public. Hotels, office parks, and restaurants will also need DC (direct current) fast charging units. Ideally, units that can charge 150-200 in roughly 15 minutes.
Additionally, President Biden’s trillion-dollar infrastructure bill allocates funds for the EV sector as well, creating huge growth opportunity in a big sector. LaNeve is confident that his client base will only keep growing and EV charging infrastructure will be much more common in years to come.