Accordingly, vendors must develop strategic partnerships with automotive manufacturers, offering benefits such as discounted rates to encourage owners of certain EV brands to use their charging stations helping EV charging vendors remain competitive. As such, it is important for EV charging vendors to target consumers as early as possible to build brand loyalty. As this adoption grows, charging vendors must differentiate their services in a highly fragmented market. The research also predicts by 2027, the total number of plug-in vehicles will surpass 137 million globally up from 49 million in 2023. Competing vendors must diversify their portfolio away from just home and public chargers, and start targeting alternative high-growth market segments to maximise their market share."Ĭharging Vendors Must Leverage Loyalty to Differentiate Research author Jordan Rookes explained further: " Siemens demonstrates an intricate knowledge of the market targeting currently underserved segments, particularly public transport and fleets. The Competitor Leaderboard ranked the three leading vendors as follows: Open Control Center on your iPhone: on iPhone 8 or earlier, swipe up from the bottom of the screen on iPhone X and later, swipe down from the upper right of the screen. The research assessed leading EV charging vendors and evaluated them on a number of criteria, including depth and breadth of offerings, innovation and future prospects providing extensive analysis of the competitive landscape in this dynamic market. Siemens Tops Juniper Research Competitor Leaderboard For more insights, download our free whitepaper: Why EV Charging Infrastructure Is Surging
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