Electric & Hybrid Vehicle Technology International
  • News
    • A-F
      • Battery Technology
      • Buses & Commercial Vehicles
      • Charging Technology
      • Concept Vehicle
      • Electrification Strategies
      • Fuel-cell Technology
    • G-K
      • Hybrid Powertrain
      • Hybrid/electric Architecture
      • ICE Hybrids
      • Industry News
      • Joint Ventures
    • L-Q
      • Manufacturing
      • Materials Research
      • Motor Technology
      • Motorsport Electrification
      • NVH
      • OEM News
      • Powertrain Components
      • Pure-electric Powertrain
    • R-Z
      • Range Extender
      • Solid-state Battery Technology
      • Testing
      • Transmissions
  • Features
  • Online Magazines
    • March 2025
    • November/December 2024
    • July 2024
    • March 2024
    • November 2023
    • July 2023
    • March 2023
    • Archive Issues
    • Subscribe Free!
  • Technical Articles
  • Opinion
  • Videos
  • Supplier Spotlight
  • Webinars
  • Events
LinkedIn YouTube X (Twitter)
Subscribe to Magazine SUBSCRIBE TO EMAIL NEWSLETTER MEDIA PACK
LinkedIn
Electric & Hybrid Vehicle Technology International
  • News
      • Battery Technology
      • Buses & Commercial Vehicles
      • Charging Technology
      • Concept Vehicle
      • Electrification Strategies
      • Fuel-cell Technology
      • Hybrid Powertrain
      • Hybrid/electric Architecture
      • ICE Hybrids
      • Industry News
      • Joint Ventures
      • Manufacturing
      • Materials Research
      • Motor Technology
      • Motorsport Electrification
      • NVH
      • OEM News
      • Powertrain Components
      • Pure-electric Powertrain
      • Range Extender
      • Solid-state Battery Technology
      • Testing
      • Transmissions
  • Features
  • Online Magazines
    1. March 2025
    2. November/December 2024
    3. July 2024
    4. March 2024
    5. November 2023
    6. July 2023
    7. March 2023
    8. November 2022
    9. July 2022
    10. Archive Issues
    11. Subscribe Free!
    Featured
    March 24, 2025

    New issue available now! March 2025

    News By Web Team
    Recent

    New issue available now! March 2025

    March 24, 2025

    New issue available now! November/December 2024

    December 2, 2024

    In this issue – July 2024

    July 19, 2024
  • Technical Articles
  • Opinion
  • Videos
  • Supplier Spotlight
  • Webinars
  • Events
LinkedIn
Electric & Hybrid Vehicle Technology International
Charging Technology

Connected services market for electric vehicles predicted to be worth US$378m by 2030

Web TeamBy Web TeamJune 5, 20204 Mins Read
Share LinkedIn Twitter Facebook Email

Subscriptions of connected services for consumer and commercial electric vehicles, such as charging-station locator, eco-routing, and EV telematics, will grow 270% from 2020 to 2024, reaching seven million subscribers by 2024. According to global tech market advisory firm, ABI Research, the combined revenue opportunity of connected services for consumer and commercial EVs will reach US$378m by 2030.

“EV sales have presented slow market growth in the past years. However, the increasing number of countries setting up deadlines to end the sale of Internal Combustion Engine (ICE) vehicles will propel higher EV adoption. While Norway voiced its intention to end the sales of new ICE vehicles by 2025, Germany, Sweden, India, China, among other countries, seek to ban the sales of ICE vehicles from 2030. Moreover, with an increasing number of cities in Europe enforcing emission rules, only EVs will be able to run in urban areas in the next years,” said Maite Bezerra, smart mobility and automotive analyst at ABI Research. “In fact, 27 million of consumer and one million of commercial Plug-In Electric Vehicles (PEV) will be sold by 2030.”

Lack of charging infrastructure, and range anxiety are still the main factors hindering extensive EV adoption. The quantity of charging stations presented a substantial growth in the past years. China and Japan, for instance, now have over 40 thousand charging stations each. “Yet, there is a general perception of deficient charging infrastructure due to a lack of communication between vehicles and charging stations,” said Bezerra.

Connected services, such as HERE’s EV Charging Stations and TomTom’s EV Routing Services, can help change that perception by displaying information such as charging station location, compatibility, and real-time availability to drivers or fleet managers. Existing Horizon applications, which have yet to gain substantial market traction, can also be used by EVs to optimize acceleration and break events, saving energy, and increasing the range of EVs considerably. Tesla, Nissan, and Peugeot lead the way by offering a comprehensive offer of connected services for EVs.

The rapid adoption of EVs will pose challenges for utilities as the increased capacity creates overload peaks that compromise the stability of the grid. Therefore, communication between charging stations and utilities is also of high relevance for sustained EV adoption.  Smart Energy Management solutions monitor, control, and restrict the use of chargers for optimal energy consumption. Meanwhile, Vehicle to Grid (V2G) communication, offered by companies such as Nuvve and Virta, balance the grid by reading the frequency of power production and adjusting charging and discharging. This way, EVs can smooth the increase in electricity demand and sell the energy back to the national grid or use the stored energy to reduce energy consumption from houses or buildings. Presently, Nissan and Mitsubishi are at the forefront of V2G.

Passenger EVs are often used for commuting and are charged at home or at work. Therefore, services that offer convenience and reduce range anxiety find greater traction among consumer EVs. Connected services for consumer EVs will reach 26.37 million subscribers by 2030, with a revenue opportunity of US$222m. “Vehicles are assets for fleet managers, so they tend to value services that decrease costs, such as Vehicle to Grid (V2G) communication and EV telematics,” Bezerra explained. “For instance, Mercedes PRO e-Vito services that use Geotab telematics units.” ABI Research anticipates two million subscribers by 2030 and a revenue opportunity of US$156m.

“While smartphone applications offer location services for EVs, only in-vehicle solutions can provide accurate information from embedded sensors and offer a seamless experience inside the car. Besides, connected solutions do not only provide information to the user, but also to fleet managers and car manufacturers that can use it to improve their vehicle’s performance or offer target solutions,” Bezerra concluded.

These findings are from ABI Research’s Connected Services for Electric Vehicles application analysis report.

Share. Twitter LinkedIn Facebook Email
Previous ArticleThe importance of cable management for electric vehicles
Next Article New partnership to develop silicon carbide semiconductors announced
Web Team

Related Posts

Industry News

Tesla loses European market lead to BYD amid shifting EV landscape

May 22, 20252 Mins Read
Industry News

Chinese EV giant BYD selects Budapest for European headquarters and R&D center

May 19, 20252 Mins Read
Industry News

FEATURE: Green Power Park

April 30, 20256 Mins Read
Latest Posts

The right laser optic for every weld

May 22, 2025

Tesla loses European market lead to BYD amid shifting EV landscape

May 22, 2025

BMW and Solid Power achieve milestone with first ASSB road test

May 20, 2025
Our Social Channels
  • YouTube
  • LinkedIn
Getting in Touch
  • Free Email Newsletters
  • Meet the Editors
  • Contact Us
  • Media Pack
FREE WEEKLY NEWS EMAIL!

Get the 'best of the week' from this website direct to your inbox every Thursday


© 2023 Mark Allen Group Ltd | All Rights Reserved
  • Cookie Policy
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.