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Electrifying the Future: USA EV and EV Charging Market to Surge to $1 Trillion by 2026: Ken Research

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GURUGRAM, India, Feb. 15, 2024 /PRNewswire/ — Buckle up, America. The electric vehicle (EV) revolution is gaining momentum, and the USA EV and EV charging equipment market is poised for an electrifying journey. Ken Research’s “USA EV and EV Charging Equipment Market” report predicts a staggering 74.7% CAGR, propelling the market size to a colossal $1 trillion by 2026. This press release unveils the key drivers, challenges, and exciting prospects shaping this transformative landscape. 

Market Overview: Shifting Gears towards Sustainability and Innovation 

Beyond simply offering cleaner transportation options, the US EV and EV charging market plays a crucial role in reducing carbon emissions, combating climate change, and fostering energy independence. In 2022, the market reached a size of $115 billion, and it’s on track for exponential growth, driven by: 

Government Policies: Stringent emission regulations, tax incentives, and infrastructure investments are accelerating EV adoption. Falling Battery Costs: Advancements in battery technology are making EVs more affordable and accessible. Growing Environmental Awareness: Consumers are increasingly prioritizing sustainability, driving demand for EVs. Expanding Charging Infrastructure: The rapid deployment of charging stations is mitigating range anxiety and boosting consumer confidence. 

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Market Segmentation: Diverse Needs, Tailored Solutions 

The report delves into the diverse segments of the US EV and EV charging market, offering a comprehensive view: 

EV Types: Passenger cars dominate the market (80%), followed by light commercial vehicles (15%) and heavy-duty vehicles (5%). The demand for all segments is expected to rise. Charging Solutions: Level 2 chargers hold the largest share (60%), followed by DC fast chargers (25%) and Level 1 home chargers (15%). The mix is expected to shift towards faster charging solutions. End-User Industry: Personal use leads the demand (70%), followed by commercial fleets (20%) and government agencies (10%). Public charging infrastructure is crucial for all segments. 

Competitive Landscape: Global Giants & Local Innovators Lead the Charge 

The market features a blend of established global players, regional leaders, and innovative startups: 

Global Leaders: Tesla, Volkswagen, and Ford are major players in the EV segment, while ABB, Siemens, and Charge Point dominate the charging equipment market. Regional Champions: Rivian and Lucid Motors are making waves in the luxury EV segment, while EVgo and Blink Charging are expanding their charging networks. Emerging Challengers: Innovative startups like NIO and Faraday Future are entering the market with unique offerings and disruptive technologies. 

Challenges: Navigating the Roadblocks to Electrification 

Despite the promising outlook, some challenges need to be addressed: 

High upfront cost of EVs: While battery costs are decreasing, EVs remain more expensive than gasoline-powered vehicles for some consumers. Limited charging infrastructure: Range anxiety remains a concern, especially in rural areas and long-distance travel scenarios. Grid integration challenges: Integrating a growing number of EVs into the grid requires robust infrastructure and smart charging solutions. Supply chain disruptions: Shortages of critical materials and semiconductors can impact EV and charging equipment production. 

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Future Outlook: A Brighter Horizon Powered by Innovation & Collaboration 

The US EV and EV charging market is poised for continued growth, driven by several exciting factors: 

Technological Advancements: Advancements in battery technology, autonomous driving, and connected car technologies will further improve EV performance and appeal. Focus on Sustainability: Continued investments in renewable energy and green manufacturing practices will make EVs even more environmentally friendly. Public-Private Partnerships: Collaboration between government agencies, utilities, and private companies will accelerate charging infrastructure deployment. Improved Consumer Awareness: Educational campaigns and targeted incentives will address range anxiety and encourage wider EV adoption. 

Key Takeaways for Stakeholders: 

This report offers valuable insights for various stakeholders in the US EV and EV charging market, including: 

EV Manufacturers: Focusing on improving affordability, range, and charging speed, while investing in innovative technologies and expanding partnerships. Charging Equipment Providers: Addressing infrastructure gaps, developing faster charging solutions, and collaborating with utilities and grid operators. Investors: Assessing investment opportunities in promising segments like charging infrastructure, battery technology, and innovative EV startups. Policymakers: Formulating policies that incentivize EV adoption, invest in charging infrastructure, and promote grid modernization. Consumers: Gaining insights into the diverse range of EVs and charging options available, making informed choices based on their needs, and contributing to a cleaner and more sustainable future. 

Conclusion: Electrifying a Sustainable and Accessible Future 

The USA EV and EV charging market stands on the precipice of an electrifying transformation, driven by a confluence of environmental concerns, technological advancements, and government support. By overcoming challenges like affordability, infrastructure gaps, and grid integration, the sector can unlock its full potential, paving the way for a cleaner, more sustainable future for transportation. This transformation will not only benefit businesses and investors but also empower American citizens to embrace new, eco-friendly modes of transportation, ultimately leading to a greener and more sustainable nation. Navigating these opportunities and overcoming challenges will determine whether the USA can truly solidify its position as a global leader in the EV revolution, leaving a lasting legacy for generations to come.

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Taxonomy

USA EV Market Segmentation

By Type of EV

2-Wheeler

4-Wheeler

By End-Use

Private use

Commercial Use

By 2-Wheeler Type

E-Scooter

E-Motorcycle

By Technology

Removable Battery

Non-Removable Battery

By Battery Type

Lead Acid

Lithium Ion

By Battery Capacity

25 Ah

By Voltage Type

24V

36V

48V

60V

72V

By Vehicle Class of EV

Low-Priced (< $50,000)

Mid-Priced ($50,000$1,00,000)

Luxury (> $1,00,000)

By EV Propulsion

BEV – Battery Electric Vehicle

PHEV – Plug-In Hybrid Electric Vehicle

HEV – Hybrid Electric Vehicle

USA EV Charging Equipment Market Segmentation

By Type of Charger

Fast Charger (DC)

Slow Charger (AC)

By Application

4-Wheelers

2-Wheelers

By Distribution Channels

Direct Sales

Distribution (Wholesale)

Others

By Source of Manufacturing

Imported

Domestic Manufacture

Domestic Assembly

By Type of Application

Home Charging

Private Charging Stations

Public Charging Stations

Portable Chargers

By Major Regions

North-East

South-West

West

South-East

Mid-West

For More Insights On Market Intelligence, Refer To The Link Below: –

USA EV & EV Charging Equipment Market

Related Reports by Ken Research: –

Global E-Bike Market Outlook to 2027 Driven by increase in fuel cost & rising customer preference

The market will grow at a CAGR of 10.3% during 2022-2027 due to increase in fuel cost & rising customer preference Europe is expected to become one of the leading regional segments in the upcoming years. The market is expected to reach over $ 110 Bn by 2030.

Global Electric Motor Market Outlook to 2027 Segmented by Motor Type (AC and DC), By Voltage Type (Less Than 1 kV , Between 1 kV – 6 kV , Higher Than 6 kV), by Application( Commercial and Residential), By Geography ( Europe, Asia –Pacific, Latin America, Middle East and Africa

According to Ken Research estimates, the Global Electric Motor Market is driven by rising prices of crude oil, need for more renewable source of energy. Thus, along with the Global concern for pollution, it is driving the demand for Global Electric Motor market. To minimize greenhouse gas emissions and encourage the use of renewable energy technology, governments throughout the globe have put strict laws into place.

Netherlands EV Charging Equipment Market Outlook to 2027 Driven by Rising Demand for Eco-friendly Transport and Strong Government Policies and Incentives

According to Ken Research estimates, the Netherlands EV Charging Equipment Market is at growing stage and market is supported by many EV equipment manufacturers, charging network, suppliers and installers. Market has high scope and growth is driven by rising EV adoption with rapid urbanization and technological advancements along with government initiatives & policies.

UK EV Charging Equipment Market Outlook to 2027 Driven by Rising Demand for Eco-friendly Transport and Strong Government Policies and Incentives

According to Ken Research estimates, the UK EV Charging Equipment Market is at growing stage and market is supported by many EV equipment manufacturers, charging network, suppliers and installers. Market has high scope and growth is driven by rising EV adoption with rapid urbanization and technological advancements along with government initiatives & policies.

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Contact Us:-
Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
Ankur@kenresearch.com
+91-9015378249

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Technology

YesWelder’s Firstess DP200: Redefining Welding for Everyone

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NEW YORK, Sept. 20, 2024 /PRNewswire/ — YesWelder has solidified its reputation as a leader in the welding industry with the introduction of its latest innovation—the Firstess DP200. This multi-process welding machine is designed to be accessible for both seasoned professionals and complete beginners, significantly lowering the barriers to entry for welding. Thanks to its intuitive design and user-friendly features, even those with no prior experience can get started with ease. These innovations have earned the DP200 widespread acclaim, with its success echoed in an outstanding crowdfunding campaign that shattered expectations.

Introducing the YesWelder Firstess DP200

The Firstess DP200 equipped with cutting-edge features like the YesWelder PulseFlex™ System and AdaptivePulse™ technology, with its 200A power output and dual voltage capability (120V/240V), the DP200 is adaptable to any environment, from home garages to professional workshops. The 7-inch screen provides optimal visibility, featuring adjustable brightness and multi-angle viewing for easy operation even in low-light conditions. These features, combined with its IntuiWeld™ UI, make the DP200 intuitive and user-friendly, whether you’re a beginner or an experienced welder.

Crowdfunding Success

The launch of the Firstess DP200 on Kickstarter has been a resounding success. From the moment it went live, the welding community rallied behind the campaign, drawn in by the machine’s powerful capabilities and competitive pricing. In just five hours, the DP200 crossed the $1 million mark in sales—a remarkable achievement that underscored the demand for high-quality, affordable welding equipment. The overwhelming response from backers demonstrates the growing excitement around the DP200 and its potential to transform the welding experience for a wider audience. As of today, the campaign has raised over $2.4 million.

YouTube Creators Amplify the Buzz

From seasoned welders to hobbyists, Many of these creators have shared in-depth reviews, tutorials, and demonstrations of the DP200, highlighting its impressive features and capabilities.YouTubers have praised the Firstess DP200 for its ease of use, versatility, and precision. The PulseFlex™ and AdaptivePulse™ technologies have been singled out for their ability to provide fine-tuned control, making even complex welding tasks more manageable. The intuitive interface and large display have also been widely appreciated, with creators noting how these features make the machine accessible to welders of all skill levels.

 

These reviews have not only showcased the DP200’s performance but have also played a crucial role in building trust and excitement around the product. For potential buyers, seeing real-world feedback from trusted influencers has reinforced the machine’s value and capabilities.

Community-Driven Development

The Firstess DP200 is more than just a welding machine—it’s a testament to YesWelder’s commitment to its community. From initial concept to final testing, the development of the DP200 was guided by real-world feedback from welders. This collaborative approach ensured that the machine addresses the actual needs of users. Many of its thoughtful, user-friendly features—such as software upgradability, the ability to store up to 50 custom parameter sets with detailed notes (MIG/MAG), and comprehensive accessory options—are direct responses to suggestions from the welding community.

This focus on user input ensures that the DP200 not only meets expectations but exceeds them, offering a solution that feels tailor-made for welders. YesWelder’s dedication to blending innovation with affordability sets it apart, making the DP200 a true game-changer for anyone looking for a versatile and reliable welding solution.
 The DP200 goes beyond being just a tool—it’s part of YesWelder’s vision to open up the world of welding to more people, making the craft accessible and enjoyable for everyone.

At YesWelder, we believe welding is more than a skill—it’s a way to create, to build, and to connect. By breaking down barriers, we’re inviting more people to experience the joy and satisfaction that welding brings. Whether you’re just getting started or ready to level up, the Firstess DP200 is here to help you take that next step. Ready to make your mark? Stay Cool, Weld Hot.

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SOURCE YesWelder

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Yardi Aspire LMS Introduces Self-Service Course Catalog to Enhance Client Experience

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New feature allows Aspire administrators to review and select Yardi-authored training courses directly to their university

SANTA BARBARA, Calif., Sept. 20, 2024 /PRNewswire/ — Yardi® Aspire is thrilled to introduce its self-service course catalog, a new feature that allows Aspire Plus and Aspire Premium clients to manage Yardi-authored training courses directly within their company university.

 

 

Now clients can review, search and manage, instantly copying courses from within their university. Allowing clients on-demand access to the catalog of courses streamlines the process of acquiring the content they need.

“The self-service catalog empowers our clients by removing the need to take time to create cases for content requests,” said Patty Evans, industry principal for Yardi Aspire. “They now have direct access to manage and add the training they need, when they need it, without added steps.”

Key benefits of the new self-service course catalog:

Enhanced catalog visibility: Clients can browse the full Aspire course catalog, accessing detailed descriptions, learning objectives and course durationsImmediate access to new courses: New and recently updated courses are instantly available, helping clients keep training programs currentAdvanced search filters: With options to search by roles, skills, keywords, tags and duration, clients can easily identify training content that addresses specific business needs or skill gapsEffortless Yardi software training integration: Aspire makes it simple to incorporate Yardi software training with new implementationsFull control over course status: Clients can customize course privacy settings during the copy process, ensuring the content is visible to the appropriate roles within their team

“We are always focused on evolving our platform to make life easier for our clients. This new feature puts them in control, making it faster and simpler to customize their training offerings,” Evans said.

With this self-service functionality, Aspire enables clients to gain instant access to vital training resources as they become available and as client needs arise. Contact us today to schedule a demo and explore the self-service catalog.

About Yardi

Celebrating its 40-year anniversary in 2024, Yardi® develops industry-leading software for all types and sizes of real estate companies across the world. With 9,500 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energized for Tomorrow, visit yardi.com.

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SOURCE Yardi

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Asymbl, Inc. Announces Inclusion in Salesforce’s Agentforce Partner Network with Asymbl Recruiter Agent

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Customers can automate and stream staffing and recruitment workflows through Asymbl Recruiter Agent for Agentforce 

AUSTIN, Texas, Sept. 20, 2024 /PRNewswire/ — Asymbl, Inc. today announced they have joined Salesforce’s Agentforce Partner Network , a global ecosystem of partners building new third-party agents and agent actions for Agentforce accessible through the Salesforce AppExchange. With Asymbl’s Recruiter Agent, customers can leverage intelligence and automation to streamline the recruiter workflow for greater success, accelerating candidate identification, creating job descriptions effortlessly, scheduling interviews seamlessly, summarizing interview feedback, and optimizing speed to placement. By automating these time-consuming tasks, recruiters can focus on what they do best—building meaningful interactions with candidates and hiring managers, rather than being bogged down by administrative work.

Agentforce is a suite of autonomous AI agents designed to support humans by automating tasks across various industries, enhancing efficiency, and scaling operations. The Agentforce Partner Network enables Agentforce to plan, reason and perform tasks by integrating with a broad range of technology and data providers, enabling them to execute complex actions on behalf of users.

Asymbl’s agent action for Agentforce can be integrated into the customer’s existing Salesforce agents in Agent Builder or discovered on Salesforce AppExchange, the leading enterprise cloud marketplace.

With the announcement of the Agentforce Partner Network, businesses have access to more than 20 agents and agent actions, leveraging partners’ purpose-built technology and domain expertise. Partner-built agents enable faster deployment of pre-built solutions, reducing both development time and costs, while extending the value of the tools businesses already rely on.

Customers can expedite time to placement and optimize the recruiter workflow through Asymbl Recruiter Agent’s agent actions. Key features include:

Intelligent Candidate Identification: Powered by Agentforce and Salesforce Data Cloud, Asymbl Recruiter Agent leverages results from partner applications for traditional resume matching and goes further by analyzing interactional data from an extensive range of data points and past interactions with candidates and hiring managers to rapidly identify the best-fit candidates.

Effortless Job Description Creation: Quickly generate, refine, and share job descriptions based on existing data and hiring manager preferences, saving valuable time that would otherwise be spent drafting descriptions manually.

Autonomous Interview Scheduling: Schedule interviews with candidates seamlessly with real-time availability, minimizing the usual back-and-forth involved in coordinating schedules.

Comprehensive Interview Feedback Summaries: Generate detailed summaries from the interviewer’s feedback in seconds, enabling recruiters to make faster and more informed hiring decisions.

With these capabilities, Asymbl Recruiter Agent’s agent actions accelerate the entire recruiter workflow, making it more efficient and effective for staffing firms and corporate recruiters looking to optimize their workflows and achieve faster placements.

“I’ve been part of the Salesforce ecosystem for 20 years and have worked in the talent management, staffing, and recruitment industries for just about as long. I’ve never experienced a more exciting moment for growth, innovation, and immediate impact,” said Brandon Metcalf, CEO and Founder of Asymbl, Inc. “The energy around AI today, coupled with the groundbreaking advancements and impact we’re achieving through our collaboration with Salesforce, is driving immediate and transformative change in staffing and recruiting. With Agentforce, we are moving into the third wave of AI where intelligent agents are not just a concept—they are here, and they are reshaping how we work and succeed.”

“By partnering with Asymbl, we gain the flexibility to adapt and lead in a competitive market, ensuring our strategies are both innovative and future-proof,” said Rob Lowry, Chief Delivery Officer at Apex Systems. “The collaboration between Asymbl and Salesforce has been important to Apex. Asymbl being an initial partner in the Agentforce Partner Network highlights their commitment to pushing the boundaries of recruitment technology. We’re excited about the Asymbl Recruiter Agent and its potential to simplify recruitment, accelerate hiring decisions, and enhance our ability to deliver value to clients.”

“Salesforce’s leading partner ecosystem is at the forefront of the AI enterprise, where humans and AI come together through autonomous Agents and Agent Actions,” said Brian Landsman, EVP, Global Technology Partners, Salesforce. “These latest innovations boost scale, efficiency, and satisfaction across a variety of use cases, while enabling Agents to execute complex tasks across an organization’s technology stack. We look forward to seeing our customers take full advantage of these and experience better business outcomes.”

Asymbl Recruiter Agent is available to be previewed here.    

Additional Resources

Follow Asymbl, Inc. on LinkedInFollow Salesforce on LinkedIn and XCheck out the AppExchange Agentforce CollectionLearn more about Salesforce unveiling of Agentforce

Salesforce, Salesforce Agentforce Partner Network, Agentforce, Salesforce Data Cloud and others are among the trademarks of Salesforce, inc.

About Asymbl, Inc.

Asymbl, Inc. is an innovative technology company within the Salesforce ecosystem, driving transformative growth through its two core brands. Asymbldelivers cutting-edge staffing and talent management software to optimize recruitment workflows, while Blueprint Advisory provides strategic advisory, consulting, and managed services to help organizations navigate digital transformation and maximize their Salesforce investments.

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SOURCE Asymbl, Inc.

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