Software is now driving the Electric Vehicle charging market

Electric Vehicle (EV) adoption is outperforming all expectations, and is now expected to represent over half of US vehicle sales by 2030, as shown in this graph. The 'key link' to mass adoption is now software, not hardware or vehicles. Fortunately, software innovations are already providing solutions to many of the scaling challenges and will play a crucial role in EV adoption. From $1bn in 2021, EV charging software is forecast to grow to $25bn by 2030, making it one of the fastest growing software sector in the market today and a huge opportunity for value creation for founders and VC’s.… [Continue Reading]