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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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Fosi Audio Launches 7th Anniversary Celebration with the Theme “Your Voice Rocks & Sparks”

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NEW YORK, Sept. 20, 2024 /PRNewswire/ — Fosi Audio, a beloved brand among audiophiles worldwide, has officially launched its grand 7th-anniversary celebration under the theme “Your Voice Rocks & Sparks.” This milestone event has garnered significant attention within the audio community, with well-known audio reviewers and influencers such as Cheapaudioman, Z Reviews, Utilitarian TV, and numerous Fosi Audio fans and distributors recording special video messages to celebrate the occasion.

Achievements Powered by User Voice

Valuing the voice of its users and driven by their needs, Fosi Audio has always strived to create products that truly resonate with its audience. In 2024, Fosi Audio released several co-created audio products with global audiophiles, including the LC30, a VU meter amplifier/speaker switcher adored by vintage audio enthusiasts; the PH05, a headphone splitter amplifier recognized by music education charities; and the highly anticipated V3 Mono monoblock amplifier, which captured the attention of home audio enthusiasts worldwide. With its exceptional sound quality, ample power output, compact modern design, and outstanding value for the price, the V3 Mono received an overwhelming response on Kickstarter, selling over 4,000 units and earning widespread acclaim from users. This success marks another milestone in Fosi Audio’s rapid growth.

As part of this 7th-anniversary celebration, Fosi Audio is introducing yet another co-created product with its users—the ZD3 fully balanced desktop DAC. Following the launch of the ZA3 dual-mode balanced amplifier and V3 Mono, the ZD3 was developed with deep user involvement and feedback, making it a flagship desktop DAC inspired by audiophiles worldwide. The ZD3 is now available for pre-order, and subscribers to the Fosi Audio website can enjoy a 20% early bird discount. The first 300 customers to place an order will also receive special 7th-anniversary edition items, including a custom ZD3 knob, a VOL20 wireless volume knob, and other branded merchandise.

Next Action in Prioritizing VOC

Fosi Audio’s commitment to customer-driven innovation has resulted in numerous achievements, but the company is not resting on its laurels. Recently, Fosi Audio has strengthened its connection with users through one-on-one interviews, surveys, and community interactions on specialized forums and social media platforms. By deeply listening to user feedback, the company transforms these insights into innovative product ideas. During this anniversary celebration, renowned influencer Z Reviews shared a video showcasing the idea of the LC40, a VU meter preamp co-designed with Fosi Audio, which is now in the early stages of development. This collaboration is expected to receive positive market feedback. Additionally, Fosi Audio is hosting a special “External Product Manager” program, inviting audiophiles to share their creative product design proposals on its official forum. The most innovative and feasible proposals will be selected for development, and Fosi Audio will collaborate with these enthusiasts to create the next product.

Special Offers for Fans

Moreover, Fosi Audio has prepared various exclusive perks for audiophiles during this celebration. Users can participate in a slot machine giveaway on the event page for a chance to win prizes such as free ZD3 DACs, VOL20 volume knobs, 7th-anniversary merchandise, and shopping vouchers with discounts of up to 30%. As a long-standing Best Seller across major online sales platforms, Fosi Audio is also launching special anniversary promotions with discounts of up to 20%, giving back to audio enthusiasts around the world and celebrating this milestone together.

About Fosi Audio

Guided by its mission of “Redefining HiFi with Unmatched Value”, Fosi Audio is dedicated to developing and bringing more amazing HiFi gear with high value for the price, innovative design, cutting-edge technology, and premium quality, all backed by a 24-month warranty, to audiophiles worldwide. Fosi Audio has won sincere recognition from a wide range of audiophiles and well-known media such as WirecutterHowToGeek, TNT-Audio, and Headphonesty, authoritative forums like AudioScienceReview, and well-known HiFi enthusiasts such as Cheapaudioman, Z Reviews, and A British Audiophile, etc.

For more information, please visit:

Official Website: https://www.fosiaudio.com/Official Forum: https://community.fosiaudio.com/Official Facebook Community: https://www.facebook.com/fosiaudioglobalOfficial YouTube Channel: https://www.youtube.com/@fosiaudio

PR Contact:
Email: marketing@fosiaudio.com

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SOURCE FOSI INTERNATIONAL CO., LIMITED

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The Commerce Casino & Hotel Partners with ESPN LA 710AM for Exclusive Monday Night Football Pregame Radio Show

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The Commerce Casino & Hotel continues to expand its entertainment offerings through a collaboration with ESPN LA 710AM, enhancing the experience for guests and fans alike.

LOS ANGELES, Sept. 20, 2024 /PRNewswire/ — The Commerce Casino & Hotel is excited to announce an exciting new partnership with ESPN LA 710AM, bringing an exclusive pre-game Monday Night Football Radio Show with Sedano & Kap to listeners throughout the 2024-2025 football season. Filmed on-site at the Commerce Casino and Hotel, sports fans can tune in live to the ESPN LA 710AM pregame show every Monday night starting September 2nd, from 3:00 PM to 6:00 PM

Live on YouTube: In addition to airing live on the radio, the pre-game show will be live-streamed on ESPN LA 710AM Radio’s YouTube, offering fans an immersive experience as they watch the excitement unfold from The Commerce Casino and Hotel. 

Exclusive Watch Party: Following the pre-game show, fans are invited to continue the fun at The Commerce Casino & Hotel’s Event Center for an exclusive Monday Night Football Watch Party. The event is free to attend, with a variety of food and drink specials available. 

“We’re thrilled to bring this exclusive pre-game experience to our fans in partnership with ESPN LA 710AM,” said [ESPN LA 710AM Spokesperson]. “Filming live from The Commerce Casino and Hotel adds a unique energy to the show, and we’re excited to share it with our audience both on the radio and online.”

Spencer Villaseñor, Director of Guest Experience at The Commerce Casino & Hotel added, “This partnership with ESPN LA 710AM allows us to offer our guests a unique Monday night experience. We’re excited to continue expanding Commerce’s offerings, making it the ultimate entertainment destination. Whether you’re tuning in on the radio, watching the live stream, or joining us in person, it’s going to be an unforgettable season.”

Don’t miss out on the action! Tune in every Monday night for the live pre-game show and join us at the Commerce Casino and Hotel’s Events Center for the ultimate Monday Night Football experience.

Event Details:

Pre-Game Radio Show: Live every Monday night from 3:00 PM to 6:00 PM through the NFL season. Location: The Commerce Hotel and Casino, 6131 Telegraph Rd, Commerce, CA, 90040Live Stream: Available on @ESPN LA 710AM Radio’s Youtube ChannelWatch Party: Following the pre-game show at the events centerAdmission: Free (Food and drinks available for purchase)

For more information, visit www.commercehotella.com or follow us on Instagram or Twitter for updates.

About The Commerce Casino & Hotel
Located just a few miles from Downtown Los Angeles, The Commerce Casino & Hotel, commonly known as “The Commerce,” stands as a world-renowned cardroom with an impressive array of over 320 tables, making it the largest cardroom globally. Established in 1983, The Commerce offers an extensive range of amenities, including a newly-renovated 200-room hotel, multiple dining venues and bars, the luxurious Meridian Spa, a pool and sundeck, banquet facilities, and more. Additionally, the casino hosts a wide variety of events, including concerts, poker and baccarat tournaments, live boxing, MMA, and wrestling matches, and other special events throughout the year. For further information, please visit: www.commercecasino.com

ABOUT GOOD KARMA BRANDS  
In 1997, Good Karma Brands started as a broadcasting company, utilizing the power of local marketing to build brands, connect with fans and serve the local communities in which we operate.  As GKB grew and transitioned into a media and marketing company, its partnership with ESPN expanded to represent the ESPN Radio Network and Podcasts, the full portfolio of ESPN Digital Products, ESPN Events and eight local ESPN affiliated radio stations. Today, with over 550 teammates across the country and a Home Office based in Milwaukee, Wisconsin, GKB has been consistently recognized as a “Best Place to Work” by multiple organizations, including Front Office Sports and Sports Business Journal. 

Good Karma is fueled by the desire to do things differently, align with premium brands and offer customized solutions for their advertising partners and fans. 

Media contact:
Abegail Cal
abegail@ajc-pr.com 

 

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SOURCE The Commerce Casino & Hotel

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EU Olive Oil: Promoting European Extra Virgin Olive Oil at the Plant Based Expo in New York

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NEW YORK, Sept. 20, 2024 /PRNewswire/ — Following the success of the June event dedicated to journalists, opinion leaders and food professionals, the EU Olive Oil project returned to New York to participate in the Plant Based Expo (Sept. 11-12), the benchmark event in the United States for 100% plant-based products.

The three-year EU Olive Oil program, promoted by the O.P. Associazione Olivicola Cosentina and co-financed by the European Union, was conceived with the aim of promoting the consumption of extra virgin olive oil produced in Europe. During the New York trade show, visitors had a unique opportunity to explore the distinctive characteristics of extra virgin olive oil, appreciating its organoleptic qualities and discovering its many health-promoting properties.

To better engage the audience, daily cooking demos were held, during which the oil could be tasted in various culinary preparations. These demonstrations were not only able to enhance the unique flavor of the oil, but also demonstrated its extraordinary versatility in cooking.

During the event, restaurant professionals, retailers, distributors and buyers had the opportunity to receive valuable advice on how to select a high-quality, safe and obtained through a sustainable agribusiness production system. This system respects ecological and economic principles, minimizing the use of synthetic chemicals and optimizing fertilization, in line with toxicological best practices.

“Our presence at the Plant Based Expo in New York,” says Pierpaola Occhiuto, president of the O.P. Associazione Olivicola Cosentina, “offered us the opportunity to educate American consumers about the importance of the quality of raw materials and to promote a healthy and balanced diet, in which extra virgin olive oil occupies a central role. In addition, it was an opportunity to tell the indissoluble link between olive growing and the land, a cultural and human heritage that for many European countries represents a value to be handed down from generation to generation.”

With a consumption of 365.9 thousand tons and a total value of $1,494.3 million (UN Comtrade data), the United States is confirmed as the main non-EU market for olive oil. In recent years, this product has become increasingly important on American tables, reflecting a growing trend toward a quest for high-quality foods.

www.euoliveoil.eu

The O.P. Associazione Olivicola Cosentina Soc.Coop.a.r.l. is an organization of Olive Producers in the Province of Cosenza that has been playing an active role in the Cosenza area since 1982, the date of its establishment, through a dense network of actions in support of its members.

Gathering within itself the presence of about 7100 member producers, one can easily infer the deep rootedness of the Association with the territory: all this makes it one of the most representative associations in the sector, taking care with scrupulous attention every aspect of the olive-growing activity both from the technical-productive point of view and from the economic-commercial one. The Association, in this sense, acts as an efficient intermediary and bridge between its members and the distribution channels.

Its work, in fact, moves in the light of the pursuit of a single relevant macro-objective: to enhance olive production and the careful and conscious consumption of the product, through its protection and promotion.

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SOURCE EU OLIVE OIL – O.P. Associazione Olivicola Cosentina

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