Infrastructural IoT for EV
The report emphasises the importance of cellular IoT in coordinating and linking EV charging stations.
It is no secret that EV charging providers are seeing business opportunities as a result of consumers, governments, and the automotive industry moving away from fossil-fueled vehicles.
However, they must successfully manage and maintain a rapidly expanding number of charging stations to ensure that they are used and profitable while providing their consumers with a seamless charging experience.
Ericsson report explores
According to a report by Ericsson, cellular IoT connectivity can enhance the deployment, management, upkeep, and service provisioning of EV charging stations.
In particular, the Internet of Things (IoT) supports user authorization, payment procedures, station monitoring and maintenance, and smart energy management. It also offers useful data to enhance planning and create new client services.
In addition to providing dependable coverage wherever it is needed, cellular IoT connectivity also has built-in security features to safeguard data and sensitive information.
According to the study, a medium-sized EV charging business in Europe with USD 9m in annual revenue can anticipate:
- Due to interoperability, or revenue sharing from customers using other EV charging providers’ stations, there was a 40% boost in revenue.
- Due to remote monitoring, annual monitoring expenditures have decreased by about 15%, saving time and labour from physical inspections.
- As a result of remote monitoring, technical issues are resolved more quickly, enhancing uptime and customer satisfaction.
Other interested parties also gain. For instance, interoperability provided by the IoT can increase revenue for a parking operator who has connected charging stations.
Network functionality for EV
The demand for EVs has presented cities and governments with difficulties as they fight to keep up with the growing requirement to assure continuous adoption of new infrastructure in the face of unavoidable disruptions, such as the ongoing energy crisis.
By expanding network functionality through cellular IoT, EV charging firms can manage intricate stakeholder ecosystems, from drivers to hardware providers, while simultaneously laying a strong, future-proof platform for growing their business.
The Business Value Calculator from Ericsson can be used by EV charging service providers and other ecosystem participants to estimate the potential benefits of cellular IoT connectivity for their company.
On October 5 and 6, Ericsson will present and debate the study’s primary findings at the EV World Congress 2022 in London.
Jess Thompson-Hughes, IoT Enterprise Sales Director, Energy & Utilities, Ericsson said, “Ericsson IoT Accelerator provides vital capabilities, including subscription lifestyle management, service management, and business insights – enabling EV charging providers to deploy, manage and scale their IoT-powered business from a single connectivity management platform.”
“Blue Corner joined forces with the Blink Charging group in 2021 with the ambition to grow into a leading player in the European EV market in the short term. With a network of over 10,000 charging points throughout Europe, we’re working towards a more sustainable society by reducing carbon emissions through innovative charging solutions,” says Olivier van Schap, Managing Director, Blue Corner.
Werner de Laet, Chief Enterprise Officer, Orange Belgium, says, “We equip each charging station with a SIM card connecting the stations to a public cellular network, allowing for real-time data transfer and asset management, providing the framework for Blue Corner to remotely manage their charging stations – one of the key factors in cost savings – and optimize performance based on data insights.”