Increased commitment to regulation of emissions and vast improvements in battery and charging technology means that the growth of electric vehicles (EVs) is expected to continue on an upward trajectory. Despite a global slump in overall car sales during the pandemic, electric vehicle sales topped three million units in 2020. Deloitte projects that a 30% annual growth rate in sales should continue for the next decade. At that point, global EV sales will be over 30 million units or around 1/4 of all cars sold.
One of the biggest difficulties facing the EV industry is the rollout and security of charging stations. Consumer confidence that charging electric vehicles will be as easy as pumping gas is key to EV success. However, the challenge is not just in providing the physical infrastructure to charge EVs, but also in protecting all devices involved from the threat of cyberattack.