What Volvo’s Announcement Means to Us

Recently, Volvo made a stunning announcement: it has committed to selling only battery-powered EVs by 2030. Not just in Europe, mind you. Everywhere. The news comes on the heels of recent automaker reports showing a surge in worldwide EV sales and the official unveiling of Volvo’s second BEV this past Tuesday – the C40 Recharge crossover coupe. (The XC40 introduced in 2018 was the first.) See more details in the article here: https://www.newsmax.com/Finance/streettalk/volvo-electric-vehicles-ev-online/2021/03/02/id/1012158/

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2018 Volvo XC40
Photo Courtesy of Vauxford

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Why are we so excited by this? After all, Volvo’s just one manufacturer, right? Well, for several reasons. First, Volvo has been an innovator in the automotive space since it introduced the three-point seatbelt in 1959, and more recently blind spot warning, pedestrian detection and rollover protection systems that have been appropriated by rivals. It’s therefore likely that other manufacturers of ICE vehicles will follow suit as EV demand continues to drive supply. (And profits.) Of course, this means more charging installations will be required, particularly in places like schools, parks, restaurants, daycares and other family-centered locations that play to Volvo’s customer base.

In addition, Volvo notes that the C40 Recharge will sell only online, while the company’s head of commercial operations said he expects half of all vehicle sales to be online by 2025 in furtherance of their progressive agenda. This affords other forward-thinking companies the opportunity to create complementary web-based services to help Volvo in its pursuits. For instance, the new EVCS subscription plan could be coupled with online vehicle sales as a discounted add-on.

All of this signals a larger trend in the growing embrace of EVs by the general public – one that Volvo executives are confident enough to get behind with large sums of investment dollars. In fact, the company recently announced it would sink approximately 5% of annual revenues into EV R&D, an amount equaled to about $1.5 billion USD. One can imagine that the amounts spent on marketing and advertising will likewise be ambitious. As both awareness and vehicle options grow, so will sales.

Such marketplace expansion reminds us of Wright’s Law, which essentially states that the cumulative doubling of a technological innovation will result in increased production volume that reduces costs. (For those not familiar with this axiom, read more about it here: https://ark-invest.com/articles/analyst-research/wrights-law-2/) EV technology is no exception. And the fact that new EV sales topped 2.2 million in 2019, according to the IEA, as EV manufacturing costs saw a 28% drop is no coincidence.

Riffing off the Volvo announcement then, a potential 20-fold increase in the number of Volvo EVs on the road is going to significantly reduce the overall cost of subsequent models, making them even more accessible to lower income drivers and thereby further increasing overall EV adoption. Preparedness will be key. A big new wave of EVs will require far more charging sites and will increase the appetite for government incentives. As we see the sector scale, the lower price of EVs themselves will be coupled with other cost reductions resulting from more abundant charging stations, V2G technology and various dynamic charging innovations.

Volvo competitors eager to “keep up with the Joneses” have already started introducing new EV models, from the Hyundai Kona EV and Mustang Mach-E to the Audi Q4 e-Tron and BMW iX3, demonstrating that the “EV-olution” is already underway. The question is who will create the necessary support structure. EVCS is already taking the lead on generating modernized charging infrastructure throughout California, with other states soon to follow; our goal is to make sure the country is ready for the anticipated deluge of BEVs that will be hitting the road in the next decade and beyond.

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Installations of the Month (November 2021): LADOT Lots 628 & 639

Los Angeles continues to be the epicenter for America’s green transportation “EV-olution,” and EVCS continues to lead the charge there, having installed over half the city’s publicly accessible non-Tesla charging stations for two years running. According to industry group Veloz, nearly one in 10 new vehicle sales in California are plug-in vehicles – which accounts for 45% of all plug-in vehicle sales nationwide – and that trend is only growing. In our research, many Angelenos cite the increased prevalence of DCFCs as a key reason why owning an EV has become practical, reducing their range anxiety and offering lightning-fast charging options while they shop, eat and play. This further reinforces the idea that greater access to modern charging infrastructure leads to more EVs on the road, especially in underserved areas that are sorely in need of outside economic investment to spur growth.

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Every now and then, if you’re lucky, you have the good fortune to engage with a strategic partner who shares your goals, values and vision. With acres of common ground, you effortlessly work hand in hand to advance causes that truly matter to the both of you. For EVCS, Barlow Respiratory Hospital is such a partner – one of those rare facilities that fully embodies our commitment to making the planet a safer, healthier, happier place, one person at a time.

The Electrical Vehicle Industry Keeps Growing, and More Drivers are Making the Switch

The electrical vehicle industry keeps growing and more drivers are making the switch. This is why governments around the world are working to provide EV users with more and more places to recharge their cars. At EVCS, we’ve created an app that you can use when wondering “Hey, where can I find electric car charging stations near me.”

Top 10 Reasons Why Mass EV Adoption is Inevitable

According to evadoption.com, EV sales are expected to grow from 3.4% of all new auto sales in 2021 to 29.5% in 2030. In fact, they cite several models that forecast explosive growth in EV ownership across the US over the next decade. See the full sales forecasts here complete with bar charts and supporting data: https://evadoption.com/ev-sales/ev-sales-forecasts/. While skeptics might pooh-pooh these projections as overly optimistic, we believe they may actually fall short of the eventual reality. Of course, only time will tell, but below are our top 10 reasons why we believe EVs will be as commonplace as microwaves come 2030.

Installation of the Month (July 2021): LADOT Lot 657

One of our main goals has been to install charging infrastructure in underserved communities, especially urban population centers that are key to our mission of wider EV adoption. Los Angeles is rife with such neighborhoods, where low-income families who wish to participate in the greening of society cry out for cost-effective ways to be part of the solution. Lincoln Heights, one of the oldest sections of the city, is a prime example. The densely populated area boasts numerous Latino, Asian and Pacific Islander groups who have expressed interest in electric mobility, but historically lacked access to the requisite charging stations. Moreover, with a median age of just 24, Lincoln Heights is brimming with younger generation Angelenos who have already embraced the idea of sustainability, but simply need the opportunity to take action.