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Reliable, Widely Available EV Charging Infrastructure Is Critical to Support the Booming EV Market, Reports IDTechEx

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BOSTON, June 26, 2023 /PRNewswire/ —

EV Charging Infrastructure Is a Growing Market

During the past few years, the global electric vehicle (EV) industry has experienced tremendous growth. Total global electric vehicle sales went from approximately 3.1 million in 2020 to over 9 million in 2022. IDTechEx predicts more than 12 million EV sales in 2023 and exponential growth in the coming years—as many as 20 million EV sales in 2025. Global sales of commercial EVs also more than doubled in 2021, and IDTechEx finds that large global truck makers expect 35 to 60% of their annual sales to be electric trucks by 2025. 

EV charging infrastructure is growing as well. According to IDTechEx, there were nearly 2.7 million public charging points worldwide in 2022. Nearly 960k chargers were installed globally just in that same year. IDTechEx estimates that 222 million charges will be needed by 2034 to support the growing global EV fleet. IDTechEx also predicts that the cumulative global investment in global charging infrastructure will exceed US$123 billion by 2034 (hardware cost alone).

There is undoubtedly a huge push to build global DC fast-charging networks. The US government is providing more than US$5 billion in funding and incentives as part of the NEVI program to build a coast-to-coast fast charging network, and many countries in Europe are rolling out similar programs following the AFIR regulations to spur EV charging infrastructure growth. 2023 will be a big year for EVs and EV charging, but there’s more to the story. IDTechEx’s latest report, “Charging Infrastructure for Electric Vehicles and Fleets 2024-2034“, covers the trends and developments in the EV charging industry.

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EV Charging Solutions Are Diverse

As electrification penetrates multiple vehicle markets, the type of charging infrastructure needed is also evolving. The IDTechEx report provides in-depth coverage of multiple types of EV charging solutions, including private AC charging, public DC charging, megawatt charging, battery swapping, and wireless charging. Vehicle platform voltages are shifting from 400 to 800 V architectures with the use of traction-integrated onboard DC charging, unlocking even higher charging powers while bringing new thermal challenges. The IDTechEx research aims to provide clarity on the different technologies available today and those emerging with potential for disruption in the future.

Technologies like destination or wallbox DC chargers, megawatt charging, robotic charging, battery-buffered charging, off-grid solar charging, and mobile charging are examples of the emerging EV charging solutions included in IDTechEx research. This report covers the key players within these fields, benchmarks their products, and provides a market outlook for their adoption.

Different Markets Have Different Characteristics

The amount of EV charging infrastructure, both publicly accessible and private, is surging, whether analyzed by installed capacity or number of charging points. The deployment of DC fast chargers has far outpaced that of AC chargers in the last few years. The number of charging points and their distribution is still important but not as singularly as before. As the capacity of EV batteries and the power that charging stations can dispense have increased, the metric of installed capacity per EV (and peak network capacity) has become more important than the number of charging stations per EV. Generally, in Europe, there is a trend seen in countries with the least number of public charging points to provide an above-average amount of installed charging capacity.

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Countries with more public charging points tend to have a lot more AC chargers. They have usually started their EV transition earlier. Countries that have started their deployment later tend to have fewer stations but more high-powered DC ones. These differences are due to the state of technological development when a given country started deploying the chargers, how the charges were financed, and local market conditions.

When choosing between AC and DC charging for fleets, the choice comes down to the type of vehicle, battery size, and time available for charging with regard to duty cycles. Level 2 chargers provide sufficient power to recharge light and medium-duty vehicles overnight, but larger battery capacity long-haul trucks will require DC fast charging. Technologies like wireless charging and battery swapping have also been implemented successfully for fleets, with various cast studies included in the report.

The latest IDTechEx report aims to keep up with the changes and developments in EV charging by monitoring and analyzing the EV charging industry, its developments and regulations, and the latest technological trends and innovations.

To find out more about the IDTechEx report “Charging Infrastructure for Electric Vehicles and Fleets 2024-2034”, including downloadable sample pages, please visit www.IDTechEx.com/EVCharge.

About IDTechEx

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IDTechEx guides your strategic business decisions through its Research, Subscription and Consultancy products, helping you profit from emerging technologies. For more information, contact [email protected] or visit www.IDTechEx.com.

Photo: https://mma.prnewswire.com/media/2140259/EV_Charging_Solutions.jpg
Logo: https://mma.prnewswire.com/media/478371/IDTechEx_Logo.jpg 

Images download:

https://www.dropbox.com/scl/fo/bq1wf531tdajqz2g6tqk6/h?dl=0&rlkey=w0igyj4wa8loxe0xe98o6f0jv

Media Contact:
Lucy Rogers
Sales and Marketing Administrator
[email protected]
+44(0)1223 812300

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Social Media Links:
Twitter: www.twitter.com/IDTechEx
LinkedIn: www.linkedin.com/company/IDTechEx
Facebook: www.facebook.com/IDTechExResearch

Cision View original content:https://www.prnewswire.co.uk/news-releases/reliable-widely-available-ev-charging-infrastructure-is-critical-to-support-the-booming-ev-market-reports-idtechex-301862995.html

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Avalanche Joins Forces with Stripe: Transforming Crypto Purchases Across the US

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Avalanche, a leading blockchain platform, has partnered with Stripe to enhance the accessibility of its ecosystem. This strategic collaboration integrates Stripe’s fiat-to-crypto onramping capabilities directly into Avalanche’s C-Chain, enabling retail users to purchase the native cryptocurrency, AVAX, without the complexities of traditional crypto exchanges.

Integration and User Experience Enhancement

The integration aims to simplify the process of acquiring AVAX by embedding Stripe’s onramp as a customizable widget within various Avalanche decentralized applications (dApps). These dApps include decentralized exchanges (DEXes), NFT platforms, and digital wallets, facilitating a seamless and streamlined user experience. By leveraging Stripe’s infrastructure, users can easily fund their accounts using various payment methods, including ACH transfers and credit/debit cards.

Core Wallet Integration

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A key component of this collaboration is the integration into Core, Avalanche’s native ecosystem wallet developed by Ava Labs. Core wallet users can now directly fund their wallets via the Stripe widget, making it easier to engage with the Avalanche network. The wallet setup process is straightforward, allowing new users to create accounts using Gmail or Apple ID, thereby reducing the barriers to entry into the crypto space.

Addressing Web3 Challenges

This integration addresses several challenges commonly faced in the Web3 ecosystem, such as the “cold start problem,” where users lack initial funds to participate in transactions. Stripe’s onramp handles essential elements like KYC, payments, fraud prevention, and compliance, allowing dApps to focus on enhancing user experience rather than dealing with regulatory complexities.

The initiative is supported by key players in the Avalanche ecosystem, including GoGoPool, Avvy, Pakt, zeroone, Halliday, The Arena, Shrapnel, and DeFi Kingdoms. These partners, offering services from decentralized naming and gaming to financial and social interaction platforms, stand to benefit from the increased ease of access to digital asset transactions.

Promoting Web3 Adoption

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The collaboration between Avalanche and Stripe goes beyond simplifying transactions; it also aims to bridge the gap between traditional finance and the emerging Web3 landscape. By integrating a familiar and secure payment system, the partnership ensures that users, both new and existing, can navigate the cryptocurrency ecosystem with greater ease and confidence.

The leadership from both Ava Labs and Stripe has expressed enthusiasm about the partnership. Akash Gupta, Head of Consumer Products at Ava Labs, highlighted the commitment to user-centric solutions and broader adoption of digital currencies. John Egan, Head of Crypto at Stripe, noted that the initiative aligns with Stripe’s mission to democratize access to Web3 technologies, making them safer and more accessible to a global audience.

This strategic partnership is expected to accelerate consumer adoption, deepen user engagement, and reinforce Avalanche’s position as a leader in the blockchain industry.

Source: blockchainreporter.net

The post Avalanche Joins Forces with Stripe: Transforming Crypto Purchases Across the US appeared first on HIPTHER Alerts.

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BIGG Digital Assets Enhances Crypto Investigator Training with New Modules

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BIGG Digital Assets Inc. (CSE: BIGG, OTCQX: BBKCF), a prominent player in the Digital Asset, Blockchain, and Metaverse industries, has expanded its educational offerings through its subsidiary, Blockchain Intelligence Group (BIG). This expansion includes two new advanced training modules within the Certified Cryptocurrency Investigator (CCI) program, aiming to meet the increasing demand for specialized expertise in cryptocurrency investigations and compliance.

Overview of the New Advanced Training Modules

  1. Module 9: Hacks and Exploits in the Cryptocurrency Space
    • This module focuses on the various techniques employed by cybercriminals to exploit blockchain networks and digital assets. It includes comprehensive case studies of significant cryptocurrency hacks and exit scams, providing participants with a deep understanding of these threats. The training covers how to detect early warning signs and implement best practices to mitigate risks. Additionally, it addresses the role of the dark web in these activities, giving insights into how these criminal networks operate.
  2. Module 10: Cryptocurrency Compliance and Risk Management for Financial Institutions
    • Targeted at compliance officers, risk managers, and executives, this module provides in-depth training on establishing robust risk management frameworks and controls within financial institutions. It covers essential regulatory requirements, risk assessment methodologies, and due diligence processes necessary for safeguarding against cryptocurrency-related risks. This module also offers a standalone certification, Certified Cryptocurrency Investigator – Compliance (CCI-C), emphasizing its critical relevance in today’s regulatory landscape.

Significance and Industry Impact

Lance Morginn, President of BIG, highlighted the growing sophistication of cyber threats in the digital asset space, driven by increasing global adoption of cryptocurrencies. The new modules are designed to equip professionals with the necessary skills and intelligence to identify and counter these emerging threats. This initiative reflects BIG’s commitment to providing up-to-date and practical training that addresses the current and future challenges faced by the industry.

Robert Whitaker, overseeing Law Enforcement Affairs at BIG, emphasized the continuous evolution of BIG’s curriculum to keep pace with the rapidly changing digital asset landscape. This approach ensures that professionals are well-prepared to deal with both technical and regulatory aspects of cryptocurrency investigations and compliance.

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Certification and Professional Development

The new modules complete the Certified Cryptocurrency Investigator – Advanced (CCI-A) certification course, covering modules 6 to 10. This advanced certification is valid for one year, requiring a top-up course for renewal, which ensures that professionals remain current with the latest industry developments and best practices.

The foundational CCI certification has already been completed by over 2,500 professionals globally, including those from law enforcement, regulatory bodies, financial institutions, and the cryptocurrency sector. The courses are led by seasoned experts, including former federal agents and compliance officers, providing participants with invaluable practical knowledge and real-world insights.

Future Prospects

As the cryptocurrency industry continues to expand, the demand for specialized training and certifications like those offered by BIG will likely grow. These programs not only help professionals address existing challenges but also prepare them for future developments in the rapidly evolving digital asset space. Through these educational initiatives, BIGG Digital Assets Inc. and Blockchain Intelligence Group are making significant contributions to the security and integrity of the global cryptocurrency ecosystem.

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Source: cointrust.com

The post BIGG Digital Assets Enhances Crypto Investigator Training with New Modules appeared first on HIPTHER Alerts.

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Blockchain Intelligence Group adds additional modules and launches its Certified Cryptocurrency Investigator – Advanced Series

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BIGG Digital Assets Inc. has announced the launch of two new advanced modules in its Certified Cryptocurrency Investigator (CCI) training program through its subsidiary, Blockchain Intelligence Group (BIG). This expansion reflects the growing need for specialized knowledge in the digital asset and blockchain sectors, especially as these industries face increasingly sophisticated cyber threats.

New Modules Overview

  1. Module 9: Hacks and Exploits
    • This module provides an in-depth analysis of significant cryptocurrency hacks, exploits, and exit scams. It includes detailed case studies to help students understand the tactics employed by cybercriminals, identify early warning signs, and apply best practices for risk mitigation. The curriculum also covers the role of the dark web in facilitating these illegal activities.
  2. Module 10: Compliance and Risk Management
    • Aimed at professionals in financial institutions, this module covers comprehensive frameworks and controls for managing risks associated with cryptocurrencies. It includes regulatory requirements, risk assessment methodologies, and due diligence processes. The module offers a standalone certification, the Certified Cryptocurrency Investigator – Compliance (CCI-C), which is particularly valuable for compliance officers and risk managers.

Certification Details

The completion of these two modules, along with previous ones, leads to the Certified Cryptocurrency Investigator – Advanced (CCI-A) certification. This certification is valid for one year, after which professionals must complete a top-up course to maintain their certified status. The program is designed to equip investigators, compliance teams, and risk professionals with the latest intelligence and skills necessary to combat the challenges in the rapidly evolving digital asset landscape.

Industry Relevance

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As cryptocurrency adoption grows globally, the risks associated with blockchain networks and digital assets also increase. The introduction of these advanced modules is a proactive step by BIGG Digital Assets Inc. to address the need for continuous education and training in this dynamic field. The CCI program has already been adopted by over 2,500 professionals worldwide, including law enforcement, regulatory bodies, and financial institutions, demonstrating its critical role in enhancing industry standards and safeguarding against cyber threats.

Conclusion

BIGG Digital Assets Inc.’s continued investment in educational initiatives through the Blockchain Intelligence Group underscores the importance of preparedness and expertise in the cryptocurrency space. By staying at the forefront of training and compliance, the company supports the broader industry’s efforts to maintain security and integrity as digital assets become more integrated into global financial systems.

Source: globenewswire.com

The post Blockchain Intelligence Group adds additional modules and launches its Certified Cryptocurrency Investigator – Advanced Series appeared first on HIPTHER Alerts.

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