ABB and Microsoft put electric cars on a cloud
The electric vehicle (EV) market is growing rapidly. Yet worldwide there are currently just 106,000 public EV charging stations for more than 1 million EVs. As the industry powers up to meet demand, global revenue from EV charging services is projected to grow from $152.6 million last year to $2.9 billion by 2023, according to Navigant Research. This represents a huge opportunity for companies to capture that revenue through new products, improved scalability and reduced maintenance costs.