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Showing posts with the label Wireless Charging Market Growth

Wireless Charging Technology Demand Proportional to Electric Vehicle Sales

The Government of Indonesia aims to increase the electric vehicle (EV) (passenger vehicles) stock of the country to 2 million units by 2030. Likewise, the French government has a target to expand its plug-in hybrid electric vehicle (PHEV) (passenger vehicles) stock and battery electric vehicle (BEV) (passenger vehicles) stock to 1.8 million and 3 million, respectively, by 2028. The expanding EV stock requires a developed and efficient charging infrastructure for the convenience of EV owners. To improve EV charging, several international organizations, such as the Institute of Electrical and Electronics Engineers (IEEE), the International Electro-Technical Commission (IEC), the Underwriters Laboratories (UL), and the Society of Automotive Engineers (SAE), have focused on improving the safety and efficiency of wireless EV charging systems. Thus, the flourishing EV sector and increasing innovations being made in the charging systems will drive the wireless charging market growth during t...