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Relief for EV charging pain points

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RAPID GROWTHIN COMMERCIAL EV FLEETS WILL REQUIRE CREATIVE CHARGING SOLUTIONS. The drive to electrify commercial vehicle fleets is intensifying globally. Mordor Intelligence estimates the market size for commercial electric vehicles (EVs) to have already reached US$105.66 billion globally and expects it to more than triple in scope to $323.73 billion by 2028. In the U.S., the Environmental Protection Agency projects government incentives and proposed emissions rules to result in the electrification of up to 50 of new vocational vehicles; 35 of new short-haul freight tractor trucks; and 25 of new long-haul freight trucks by 2032. Such forecasts place added pressure on both utilities and private industry to deliver the charging capacity and options needed to meet this rapidly expanding fleet demand. Even with government rules and incentives, there is a risk of derailing the commercial EV market if charging infrastructure and capacity needs can't be met.

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