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The second wave of EV's

We are now in the second wave of EV enthusiasm. The first wave, which was around 5 years ago, was hampered by the world’s economic financial crisis.

Now in the second wave, manufacturers are spending significant funds to develop technology and produce electric cars with the assumption that demand from consumers will evolve in the coming years.

Longer-range electric vehicles are now coming to the market and addressing the key weakness of first generation EV’s.

However, the next major hurdle that car companies need to deal with is charging times.

Tesla have been leading this issue by creating a fast-charging network which can fully charge one of their vehicles within 1 hour. Currently, access to this network is free to Tesla owners only however Tesla have recently said that they will open this up with a fee charged to new owners.

Ford, VW, Mercedes and BMW have just partnered to develop a fast-charging network within Europe, aiming to establish thousands of stations throughout European motorways by 2020. However this still leaves a gap throughout the rest of the world which needs to be given more attention.

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