Open vs. Closed Charging Stations: Advantages and Disadvantages

The transition to electrified transportation is accelerating rapidly as electric vehicles (EVs) are expected to be more than half of new car sales and 33% of the global car fleet by 2040.

As EVs are becoming more affordable and can go longer distances on a single charge, more and more people are converting to electric cars. These trends are augmented by recent announcements from countries around the globe to phase out petrol and diesel cars.

Countries such as China, the United Kingdom, France, Norway, and the Netherlands have all announced plans to transition towards emission-free vehicles. To meet this growing demand for EVs, automakers are investing at least $90 billion in EVs and will introduce new battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) over the next five years.