The market analysis from Pike Research says the “EV charging as a service” business model is growing as network operators look to provide electric vehicle supply equipment (EVSE) location and status information available on demand.
These companies will integrate billing and aggregate power consumption to create new services that will help to stabilize grid operations and create new revenue streams.
Pike Research anticipates that EVSE retail prices will fall by 37 percent through 2017 as competition from large electronics companies and volume production push down costs.
As basic EVSE hardware becomes more of a commodity, manufacturers will integrate their equipment with external storage units, home energy management systems, and smart grid equipment to add value and increase their revenue, the report says.
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