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How to Seize the EV Fleet Charging Opportunity

Services to support charging electric vehicle (EV) fleets could be worth $15 billion in annual revenues and cost savings. Much of that activity would come from three activities, according to a McKinsey & Co. article by Rob Bland, Wenting Gao, Jesse Noffsinger and Giulia Siccardo:

  1. Procuring renewable power directly from the source.
  2. Offering energy management services.
  3. Providing ancillary grid services.

Four elements will need to be in place for companies to capture the opportunities in the EV fleet charging market, according to the authors:

  1. Hardware and software integration.
  2. Digital, analytics and connectivity.
  3. Large base of installed EV chargers.
  4. Access to price signals.

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