EV charging profit pool is likely to grow to €13.5B by 2030
According to Bain & Company, the largest profit pool for home and work charging will most likely be linked to next-generation smart energy services such as vehicle-to-grid and vehicle-to-home EV charging.
Because solar and wind energy production is sporadic and it is difficult to store irregular streams of electricity, these services will become increasingly important as the volume of solar and wind energy grows.
Vehicle-to-grid and vehicle-to-home charging enable utilities to better balance supply and demand by utilising the storage capacity of EV batteries.
Companies that succeed in the thriving home and business charging markets will be best positioned to compete in the future market for smart energy services.
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