Affordability of Electric Vehicles Also Hinges on Proper EV Charging Infrastructure

InCharge Energy banner ad


The electric vehicle (EV) revolution continues to gain momentum, and naturally the spotlight intensifies on the crucial issue of finding EV charging stations and the broader state of EV charging infrastructure. Against the backdrop of increasing EV adoption and growing concerns regarding range anxiety, the urgency to address these challenges is a pressing matter. As the automotive industry accelerates towards electrification, the accessibility and reliability of EV charging infrastructure emerge as pivotal determinants of success. 

During an Experts Talk roundtable discussion about the growth and sustainability of electric vehicles, Michael S. Davies, a prominent data scientist and founder of Green Econometrics, offered a look into the intricacies of EV charging infrastructure and its implications for consumers.

Some of Davies’ analysis included:

  • Lower maintenance costs and decreasing battery prices are driving the affordability of EVs, presenting opportunities for market growth.
  • The new investments and initiatives to expand charging networks, along with the current insufficient infrastructure which contributes to consumer anxieties about finding charging stations.
  • Highlighting consumer apprehensions, particularly in rental car scenarios, underscores the importance of addressing infrastructure concerns to foster wider EV acceptance.
  • Offering a mix of hybrid and electric vehicles can serve as a transitional step and cater to varying consumer needs while encouraging EV adoption.
  • Alleviating concerns about range anxiety and ensuring convenient access to charging stations are critical for enhancing consumer confidence in EVs.

Davies’ analysis focused on the need for concerted efforts to address limitations in EV charging infrastructure and consumer concerns.

Article by Alexandra Simon.

Follow us on social media for the latest updates in B2B!



Preventing burnout
Achieving Professional Growth and Preventing Burnout: The Importance of Time Management and Support Networks in a Fast-Paced World
May 23, 2024

In today’s fast-paced world, balancing professional growth with personal well-being is more crucial than ever. With the rise of remote work, digital transformation, and the constant hustle culture, finding this balance has become a significant challenge for many. A survey conducted by Deloitte suggests that a whopping 77% of professionals experience burnout at work….

Read More
Fan-Centric Business Transformation
Prop Room
May 23, 2024

In this episode of the Fans First series, Jesse Cole, the mastermind behind the Savannah Bananas, shares with us that in the vibrant world of marketing, creativity knows no bounds—a philosophy embodied by a prop room and studio teeming with eclectic costumes and outlandish ideas. This creative hub, seemingly disconnected from conventional themes like bananas,…

Read More
Ace Gardner and Jacob Lewis discuss NIL Deals and Transfer Portals
NIL Deals and Transfer Portals are Also Impacting College Staff and Their Roles
May 23, 2024

College sports is undergoing a significant transformation with the advent of Name, Image, and Likeness (NIL) rights and the increasing prevalence of transfer portals. These changes are reshaping how college staff operate, presenting both opportunities and challenges. With the rise of NIL deals and transfer portals, understanding the behind-the-scenes impact on college coaching staff…

Read More
sales process automation
The Future of Business Success Lies in Real-Time Feedback and Sales Process Automation
May 22, 2024

Amid the rapid pace of technological advancements, sales processes are undergoing significant changes. Companies are increasingly pressured to enhance efficiency, accuracy, and customer satisfaction. According to Forrester’s 2023 report, a staggering 90% of global business buyers experienced stalled purchasing processes due to economic headwinds, emphasizing the importance of price transparency and the need for…

Read More