Summary
Ports account for ~30% of CO2 emissions in the shipping industry, mostly caused by diesel-powered machinery. While regulators are pushing for industry electrification, charging infrastructure is lagging and creates major barriers for electrification.
Elonroad’s electric road system can charge any heavy vehicle (in motion or parked). It enables much smaller batteries that allow OEMs to reduce vehicle costs. It flattens the electricity demand curve and frees up valuable space from stationary EV chargers. It also eliminates the need for extra vehicles in the fleet to compensate for charging time. Such substantial economic benefits will further boost the electrification of the industry.
The EV charging market is estimated to reach €234.7B by 2030, growing at 41% CAGR. Elonroad addresses a charging market towards higher capacity charging levels (Level 3), which is estimated at €14.7B globally growing at 49% CAGR.
Elonroad’s electric road system can charge any heavy vehicle (in motion or parked). It enables much smaller batteries that allow OEMs to reduce vehicle costs. It flattens the electricity demand curve and frees up valuable space from stationary EV chargers. It also eliminates the need for extra vehicles in the fleet to compensate for charging time. Such substantial economic benefits will further boost the electrification of the industry.
The EV charging market is estimated to reach €234.7B by 2030, growing at 41% CAGR. Elonroad addresses a charging market towards higher capacity charging levels (Level 3), which is estimated at €14.7B globally growing at 49% CAGR.
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More information & hyperlinks
| Web resources: | https://cordis.europa.eu/project/id/190141800 |
| Start date: | 01-08-2023 |
| End date: | 31-07-2025 |
| Total budget - Public funding: | 3 594 975,00 Euro - 2 500 000,00 Euro |
Cordis data
Original description
Ports account for ~30% of CO2 emissions in the shipping industry, mostly caused by diesel-powered machinery. While regulators are pushing for industry electrification, charging infrastructure is lagging and creates major barriers for electrification.Elonroad’s electric road system can charge any heavy vehicle (in motion or parked). It enables much smaller batteries that allow OEMs to reduce vehicle costs. It flattens the electricity demand curve and frees up valuable space from stationary EV chargers. It also eliminates the need for extra vehicles in the fleet to compensate for charging time. Such substantial economic benefits will further boost the electrification of the industry.
The EV charging market is estimated to reach €234.7B by 2030, growing at 41% CAGR. Elonroad addresses a charging market towards higher capacity charging levels (Level 3), which is estimated at €14.7B globally growing at 49% CAGR.
Status
SIGNEDCall topic
HORIZON-EIC-2023-ACCELERATOROPEN-01Update Date
12-03-2024
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