Guidehouse Insights Report Shows Market for AI-Based Applications for EV Energy Management Is Expected to Grow at 28% Compound Annual Growth Rate from 2020-2029
EV adoption is expected to accelerate as AI makes the EV ecosystem more attractive and competitive Oct. 28, 2020 – Boulder, Colo. – A new report from Guidehouse Insights describes the AI applications used in the current generation of EV hardware and services as of 2020, providing market forecasts for in-vehicle AI applications, EV fleet AI applications, and utility AI applications for EV planning, through 2029. While many EV drivers are enthusiastic about their vehicles, prospective customers have legitimate reasons for hesitating to make the switch, including shorter driving range, inconvenient charging, and insufficient knowledge of what to do when problems occur. The EV industry is aware of these concerns, and is aggressively applying AI technology to enhance the EV experience. Click to tweet: According to a new report from @WeAreGHInsights, the market for AI-based applications for EV energy management is expected to grow at a 27.8% compound annual growth rate (CAGR) over the next decade, from $298.7 million in 2020 to $2.7 billion in 2029. “The use of AI technology is anticipated to play an increasingly important role in enhancing the efficiency and capabilities of EVs, advancing the competitive positioning of EV OEMs, and overcoming the objections of prospective EV buyers,” says