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What is Electrification of Transportation?

Driivz

Globally, the transportation sector contributes about 25% of all CO2 emissions. In the US, 36% of electricity is generated using renewables, including wind, solar, and hydropower, as well as non-CO2-emitting nuclear power. An additional 35% is from natural gas, which emits the least CO2 of any fossil fuel.

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EV Charging in Commercial and Industrial Buildings

Driivz

Therefore, EV charging in commercial and industrial buildings presents a major business opportunity. McKinsey estimates that by 2030 the EV market will require more than 55 million chargers in buildings in China, the US, and the EU-27 plus the UK, consuming at least 525 TWh of electricity per year. How big is the opportunity?