The growing affordability of EVs is, of course, a key factor, but it’s not the only one. The changing conditions of the global economy and the availability of certain materials have all contributed to a rise in EV usage and manufacturing.

As we can see, the factors behind the growth of EVs are interconnected. There is a strong relationship between the capabilities of an IoT solution and the ability for charging companies to manage and scale their operations. The better the solution, the better equipped companies are for increasing charging demands.

This is a complex puzzle where each element relies on the others and none of them can fall behind, or the whole structure collapses.

For EV charging infrastructure specifically, one such element is IoT technology. IoT has been pivotal in increasing the functionality and efficiency of EV charging stations, making the experience of using EVs much smoother and more secure.

Improving EV charging starts with enhancing this crucial technology behind it. This fact found irrefutable proof in our survey, with all respondents saying they currently use an IoT solution in their business, and all 100% agreeing that an improved IoT solution would help them better prepare for the growth in demand for EV charging.