Electric Vehicle (EV) adoption is occurring at a much faster rate than previously anticipated, according to December 2023 research by Jung et al, who estimate battery EV fleet sizes are doubling approximately every 15 months. This growth trajectory means that the majority of passenger vehicles in developed markets could be electric by 2031, demanding rapid expansion of EV charging infrastructure and the inevitable involvement of commercial buildings. The International Energy Agency (IEA) highlights the need for aggressive infrastructure development to keep pace with EV adoption rates, estimating that between $150 billion and $400 billion in investments will be required by 2030 to support the global market. China is well ahead in this regard, accounting for approximately 60-70% of global investment, but Europe has also seen significant development, with a focus on public and workplace charging solutions. The US lags behind but is beginning to expand its infrastructure under federal initiatives like the Inflation Reduction Act, […]