Innovation in Energy and Lifestyle by EVs
Three Major Challenges for Businesses in Adopting EVs
The Green Growth Strategy Through Achieving Carbon Neutrality in 2050, presented by Japan's Ministry of Economy, Trade, and Industry in 2020, set a clear directive for the adoption of EVs by 2030-2040. While this signals a positive shift towards sustainable practices, businesses face three significant challenges in embracing EVs.
The first obstacle is the lack of infrastructure for power supplies and charging. Unlike widespread presence of gas stations, charging facilities are limited, necessitating businesses to establish their infrastructure for consistent service availability.
Secondly, there is a logistical issue with EVs requiring longer (up to several hours) charging times than gas-powered vehicles (few minutes).
Lastly, in order to prevent going over utility contract limits, controlling the power consumption of a large fleet of EVs necessitates a strategic approach to charging.
Data-Driven Business Opportunities in the EV Shift
DENSO recognizes the challenges and emphasizes the need for a comprehensive energy management system to navigate the EV transition successfully.
Makiko Tauchi from the Value Chain Foundation R&D Dept., Systems Development for Smart City Div., highlights the potential of EVs as "batteries on wheels." Integrating EVs with charging stations and storage cells enables businesses to manage overall power usage and even supply energy in emergencies, presenting a substantial business opportunity.
DENSO seeks to enable businesses to profit from the adoption of EVs by employing data linkage and analysis technologies. Acknowledging the shift towards electric vehicles (EVs) since 2020, DENSO is making a significant contribution to the EV Transformation by utilizing its data connectivity and analytical expertise.
DENSO's Solutions for Diverse Challenges
DENSO's data utilization platform plays a pivotal role in gathering information from various EV-related equipment and devices, ensuring safe management with advanced data control technology. The comprehensive approach covers aspects from energy consumption to greenhouse gas emissions, allowing for wide-ranging analyses and predictions. DENSO's solutions encompass energy storage, supply, charging equipment, algorithms, and systems for data analysis.
Tauchi emphasizes DENSO's ability to adapt offerings precisely to fit customers' challenges, ensuring the delivery of effective solutions. DENSO's solution streamlines charging sessions and offers a dependable energy supply by combining a data analysis system with physical energy storage infrastructure.
EV Transformation: Company Opportunities in Value Creation
In order to become a leader in sustainable energy and mobility, DENSO is placing a high priority on partnerships and collaborative data technology projects.
In addition to promoting EV transformation, DENSO is committed to helping companies generate new value. Digital reconstruction of vehicles and objects is possible thanks to the data utilization platform, which opens up the possibility of virtual simulations ranging from product development to marketing strategies. This strategy fosters faster creation of new value and facilitates the introduction of innovations into society, in turn speeding businesses and services related to electric vehicle transformation.
There is a chance that the EV transformation will have an impact on people's personal lives. Individual energy management solutions could revolutionize our relationship with energy by granting people more control over how much electricity they use.