Xendee, a design and operation platform for distributed energy systems and Electric Vehicle (EV) fast-charging infrastructure, released the findings of its 2024 Commercial EV Charging Market Survey, the second in the series of annual research studies.
Xendee launched this research survey of leaders involved in the development, operation, and commercial use of EV charging infrastructure to gain insight into the challenges and potential solutions related to commercial EV charging.
The 2024 market survey revealed several key themes related to the limitations of developing commercial EV charging infrastructure. Among these themes, 75% of respondents surveyed in 2024 said electric utility grid limitations were a “significant roadblock to the rollout of EV charging infrastructure for commercial EV usage,” while 63% tabbed the total cost of charging infrastructure as a significant roadblock.
For the second year in a row, survey respondents said DERs and microgrids co-located with EV charging infrastructure were the most important technology for stimulating the transition to commercial EVs and fleets, and to avoid overloading highly burdened electric grids.
Additionally, 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 the Bipartisan Infrastructure Law (BIL) and/or the Inflation Reduction Act (IRA) incentives.
Xendee said these market survey findings will guide further development and features of the Xendee SaaS platform to provide research-based solutions to clients for the feasibility, design, and operation of EV charging infrastructure projects.
The full 2024 Xendee Commercial EV Charging Market Survey report is available here.
