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Posted on June 26, 2020 by  & 
External Company Press Release

Tritium Unveils Vision for Electric Vehicles

Tritium, a leader in electric vehicle (EV) DC fast charging technology, has released a white paper which provides a glimpse into the near future of electric vehicle technologies.
 
The launch of the White Paper - titled "New Plug and Charge technology will improve the EV driver experience and provide an innovation platform for operators to build upon" - follows on from the company's unveiling of the world's first-to-market availability of its Plug and Charge solution which ensures Tritium's PK175-350 DC High Power/Ultra-Fast Chargers can automatically charge the driver's battery and payment account simultaneously without a need for a card swipe or RFID tag. For further information see the IDTechEx report on Charging Infrastructure for Electric Vehicles 2020-2030.
 
The white paper forecasts a future in which the electric vehicle will become a payment platform in itself, capable of paying for various services in much the same way the smartphone does today. Tritium's head of market strategy and paper author, Nathan Dunlop, said the technology which enables Tritium's Plug and Charge solution - on the charger side and soon on the vehicle side - will lead to EVs being able to pay for everything from vehicle and home energy usage, and even enable payment for things like car washes or groceries.
 
 
"As it is secure and utilises advanced cryptographic techniques, we believe the vehicle will follow a similar technology roadmap to the smartphone which is no longer just a phone, but a tap-and-go payment method and an essential device beyond its ability to simply make calls," he said. "The technology behind Plug and Charge will lead to Automakers, Charge Point Operators and Utilities innovating new offerings and re-defining how the EV is used - it won't be seen simply as a method from getting from A to B, but a way to interact with and/or pay for C."
 
Plug and Charge the Enabler of Next-Gen Driver-Centric Experience
The Plug and Charge technology, leveraging the ISO 15118 standard, is key to enabling a new paradigm of EV interactivity, from the charger to the in-vehicle experience and even to payments. In effect, Plug and Charge simplifies the charging experience for customers by both streamlining and simplifying their interactions with the charging equipment. This reduces the need for a driver to carry a physical identifier and will improve the security of driver information.
 
Dunlop says there are three prominent examples of EV innovation which will soon stem from the enablement of the Plug and Charge standard:
 
"First, you'll see the charging interaction move into an in-vehicle experience, with the ability to set charge speeds and cost limit preferences all from the comfort of the vehicle," he said. "Secondly, we see a 'Vehicle as a Service' bundles emerging, in which charging fees, and ongoing vehicle loan finance being bundled into a convenient payment plan. A further extension would be to package all of the customers energy use into one bill, including their vehicle and home energy usage. Finally, yet perhaps most interestingly, is the idea of the vehicle as a credit card payment device, a 'tap and go' on wheels. If the vehicle itself is a validated payment mechanism the vehicle effectively becomes a rolling payment medium via the stored cryptographic information in the vehicle. As the ecosystem around the vehicle evolves, the use cases of the vehicle as a payment medium extend far further than solely charging services. For example, a drive-thru restaurant payment may become touch free, with limited human interaction. Ordering could be managed through in-vehicle applications, or voice commands. Identification, authentication, and payment can then be centralised into a monthly vehicle spend."
 
 
First-Mover EV manufacturers, Utilities and CPOs to Lead on Plug and Charge Innovation
EV charger manufacturers such as Tritium are not the stakeholders which stand to benefit the most from the technology, according to Dunlop. Rather, he says the ecosystem of Automotive manufacturers, Charge Point Operators (CPOs) and utilities will be the key beneficiaries when they begin to reshape their offerings to cater to the convenience of the EV driver.
 
"Vehicle manufacturers will soon differentiate on the in-vehicle payment experience and application offerings," he said. "CPOs could differentiate quickly from ones which don't offer an interoperable charging experience, and it opens up a new revenue stream by offering easy charging solutions to drivers without a membership to their network - in some instances they could charge a small fee in the way some banks offer use of their ATMs in exchange for a small access fee. And utilities could offer solutions such as bulk billing or bundling at the end of a month or even subscription services, thus securing customer loyalty across offerings in the same way Telcos bundle home internet and mobile phone usage."
 
Dunlop says that drivers will soon look to see these offerings from the EV ecosystem of providers as standard, in much the same way consumers expect a wide array of applications, near-field communications technologies and, soon, 5G, in their smartphones. "These stakeholders should want to consider how the Plug and Charge platform is to be built into their near-and long-term strategies when it comes to electric vehicle charging, as this brings them closer to their customers," he said. "It comes down to the needs of the driver and what they'll ultimately want, and what they'll want once it's available is speed, ease and convenience. Platform strategies, or an 'app store' effect, where innovators begin to layer on new services that provide the customers with what they want should be expected from the EV ecosystem, and first movers will stand to benefit the most."
 
 
About Tritium
Tritium is a technology and product company that designs and manufactures the world's most advanced DC fast-charging equipment for electric vehicle (EV) charging. We help customers solve their most complex electric vehicle charging challenges through constant innovation, flexibility, superior customer support and scalability, driving the global transition to e-mobility. With offices in the U.S., The Netherlands and Australia, Tritium solely focuses on DC fast charging (DCFC) and high-power charging (HPC). With over 7.6 GWh of energy delivered, Tritium has sold over 4,500 charging stations and provided over 600,000+ charging sessions in more than 33 countries. Tritium currently holds around 50 per cent of the world-leading market in Norway and between 15 to 20 per cent of the wider western global market for DC fast chargers. Tritium is currently the majority supplier to the IONITY network (Europe's leading high-power charging network for EVs) and the largest supplier of 350kW DC HPCs in Europe. Tritium's award-winning RT50/50kW DCFC has been installed in many private and public networks across the globe for customers including Nissan, Chargefox, Charge.net.nz, Honda, EDF Lumins, SSA Marine, Fortum, Harley Davidson, Grønn Kontakt, IONITY, Shell/Greenlots and Stromnetz.
For more information please visit www.tritium.com.au External Link
 
Source: Watterson PR
 
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