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Surge in EV Fast Charging Demand and Rapid Development of Charging Infrastructure in the USA

Release Date2024.12.27
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Surge in EV Fast Charging Demand and Rapid Development of Charging Infrastructure in the USA

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#With the increase in electric vehicle (#EV) sales, the number of electric vehicles on American roads has increased significantly. This growth is not only reflected in sales figures but also in actual charging activities. Especially during the Thanksgiving period in the United States, the use of #EV #fast #charging increased by nearly 50% compared to the same period last year. This increase not only reflects the increase in the number of electric vehicles but also shows the rapid development of charging infrastructure.

#Growth in EV Fast Charging Usage

During the Thanksgiving period, a peak travel time in the #United #States, the usage of #public #fast #charging #stations increased significantly. According to analysis, the number of charging sessions during Thanksgiving week in 2024 increased by 48% compared to the same period in 2023. In particular, on "Black Friday," the number of charging sessions increased by 54% compared to the previous year, while the day before Thanksgiving saw the lowest year-over-year (YoY) increase in sessions at 39%.

#Growth in Charging Infrastructure

Despite a 48% increase in #fast #charging #usage, the utilization rate at "#travel #stations" decreased from 24% to 22%. This indicates that the growth in charging infrastructure slightly exceeded the growth in demand for fast charging, which is good news for those concerned that the growth of EV fast charging infrastructure is not fast enough.

#Improvement in Charging Station Reliability

The reliability of EV fast charging stations has been one of the biggest challenges in the #EV #transition. However, the good news is that this situation is improving. According to the "Paren Reliability Index," reliability increased by 3.4 percentage points this year, reaching 85.5%. Although 85.5% is still not high enough, it is at least an improvement from last year's 82.1%.

#Utilization of Charging Stations

On the Sunday after Thanksgiving, the utilization rate of #charging #stations #reached the highest for the week at 25%, meaning that the average "travel" fast charging station in the United States saw about six hours of #EVs #plugged in and charging per day, equivalent to about 10 charging sessions. Interestingly, despite having a higher volume of charging sessions on Saturday, Sunday's utilization rate (25%) was slightly higher than Saturday's (24%), likely because more drivers charged for longer minutes on Sunday to reach their destination, while much of Saturday's charging session volume may have been more for adding range, topping up for local travel, and preparing for the long drive home on Sunday.

#Conclusion

Data from the #Thanksgiving period shows that despite a significant increase in EV fast charging usage, the growth in charging #infrastructure and the #improvement in the reliability of fast charging stations mean that the charging #experience for #EV #drivers is improving. These data refute concerns about insufficient charging infrastructure and low charging reliability, showing that electric vehicles are ready to meet daily driving needs in the #United #States and are prepared for long-distance travel.
#INNOTECH is a manufacturer of EV charging stations.
#MOQ: 1 unit can be customized.
#Contact us for a free customized plan.


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