Could IoT Address Buyer Concerns About EVs?

Even with the governments stating that by 2030, 50% of total sales of newly purchased cars should be electric vehicles and companies making significant goals for turning mostly electric, there appear to be roadblocks in the way. For instance, both the private and public sectors will need to invest billions of dollars in charging points and batteries, as well as automobiles. A scarcity of charging points, electric vehicle travel range anxiety, and the expense of finding, acquiring, and maintaining the developing machines all contribute to the slowdown in EV adoption.

However, the industry hopes to quickly allay the majority of these concerns since the support needed to reverse this trend is sufficiently available. The engineering of electric vehicles is advancing at a remarkable rate, and the Internet of Things (IoT) capabilities and applications are becoming more widely accessible. IoT features could, in fact, be ready to help remove the majority, if not all, of the obstacles.

Sales of electric vehicles are significantly hampered by travel-range concerns. Several studies reveal that electric vehicles can only go between 250 and 300 miles without another charge, which poses a major issue for prospective purchasers because gas outlets currently outweigh electric vehicle charging points by a wide margin.

The range issue won’t be solved directly by Internet of Things technology, but evolving Internet of Things technologies for vehicle sensing and analytics will support the gathering and sharing of information with motorists and fleet operators to enhance range effectively and provide actual data concerning safety and traffic straight to electric vehicles for guidance along routes. Besides, satellite technology may also be able to pinpoint IoT devices inside electric vehicles centimeters off the actual placements, allowing communication with other vehicle types, drivers and internet connectivity. This ought to enhance cellular access for motorists in outlying places.

Cloud telematics and Internet of Things technologies are currently being used by several fleets for monitoring battery condition and fuel usage as well as keeping an eye on driving habits. Scania Trucks, for example, apparently employs sensors from IoT technology responsible for tracking numerous vehicle details in order to detect concerns associated with the system remotely.

Internet of Things technology may also make it easier for electric vehicle drivers to find and use charging points, particularly ones that use renewable power. In Europe, digitally enabled platforms are emerging to provide electric vehicle motorists with updated details regarding the condition and suitability of nearby charging stations.

Due to the complexity and difficulty of manufacturing electric vehicle components, IoT technology can also assist component producers in shifting their focus away from combustion and emissions and toward computer and battery technology.

The EV industry is seeing rapid growth, and the players therein, such as QuantumScape Corp. (NYSE: QS),  are deploying the latest technology to see to it that consumer expectations are met and that companies corner a section of the market for themselves.

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