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episode 1: Overcoming EV Charging Anxiety with AI
Hello everyone and welcome back to the Cognixia podcast.
The increasing popularity of electric vehicles (EVs) is accompanied by growing concerns about malfunctioning charging stations. This presents challenges for both EV owners and the companies that manage charging infrastructure.
The global shift towards electric vehicles (EVs) has experienced significant momentum in recent years. Governments around the world are actively promoting EV adoption through purchase incentives and investments in charging infrastructure. However, this rapid growth has exposed a critical gap – the lack of a sufficiently developed charging infrastructure. Owing to this, there is significant ‘charging anxiety’ in the market, if we can call it that. People are not as much worried about the range, as they are about reliable, safe charging.
The burgeoning popularity of electric vehicles (EVs) is encountering a significant roadblock: unreliable charging infrastructure. A substantial portion of EV owners experience the frustration of encountering malfunctioning or inoperable charging stations. Industry reports indicate that over 20% of charging attempts fail, with a staggering 72% of these failures attributable to charger issues.
This pervasive problem extends beyond mere inconvenience for users. It translates into a substantial financial burden. Estimates suggest that as much as $20 billion of the global $100 billion investment in EV charging infrastructure is currently rendered ineffective due to non-functional chargers.