Another more direct way to alleviate some pressure on the number of charging stations needed, or to alleviate “range anxiety”, is to increase EV battery and energy storage technology to increase driving ranges.
Fortunately, driving ranges have been steadily increasing over the years, from a maximum range of 94 miles in 2011 to a maximum range of 520 miles in 2022.
That’s a median range increase of almost 3.4X.
Driving range has also nearly doubled between 2018 and 2022.
That range is expected to increase further, as significant investment is being poured into battery research.
The State of the Electric Vehicle Revolution 2023
Global electric vehicle (EV) stock has surpassed 30 million, and China is home to over half of all the EVs on the world’s roads. 1 in 7 new cars sold last year was electric, and by 2030, we will have 138 Million EVs.