Industry Update - Matthew Young, Strategic Industry and Portfolio Director
The electric vehicle (EV) market is experiencing explosive growth, with industry reports indicating a year-over-year increase in U.S. sales of 50% in 2023. This surge translates to a massive opportunity for the electrical industry, especially in the form of ever-increasing EV charging infrastructure.
Expertise is key
DC fast charging (Level 3) is the fastest-growing segment, requiring specialized equipment and planning compared to Level 2 chargers. To address this need, distributors can educate themselves on these complexities through resources such as webinars and EV charging-specific trade shows. Interactive tools like our EV grid-to-charger simulator can help visualize equipment needs upfront, helping ensure contractors have everything on-site for smooth project completion, avoiding costly delays.
Strategic stocking made easy
Strategic stocking of essential equipment with long lead times is crucial. Switchboards are a prime example. Our new ReliaGear® SB EV Grid-to-Charger Switchboards significantly cut lead times and come in just six SKUs, making it easier for you to keep this critical equipment readily available.
Become a key player in powering the future of sustainable transportation
With our cutting-edge tools and products, you're well equipped to meet the fast-growing demand for EV charging stations. The EV revolution is here, and the time to jump on board is now! We look forward to helping you lead the charge in your region.