Fast charging system for light duty vehicles are currently the most advanced commercialized EV charging system and is commonly known as DC fast charger, which charges through approximately a 480V direct-current (DC) plug. These charging systems are designed to provide maximum charge to electric vehicles with minimum time and are capable of charging XX% of the electric vehicle battery in an approximate 20 minutes.
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A fast charging system for light duty vehicles does not require an on-board charger as the DC current is supplied directly to the battery as compared to other AC chargers (level 1 and level 2). Fast charging system for light duty vehicles provides DC current up to 350 kW to the electric vehicle battery without any on-board charger. As of now (April 2019), there are only three types of fast charging system for light duty vehicles such as CHAdeMO, Combined Charging System (CCS) and Tesla Supercharger.
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The light duty vehicle fast charging system market was estimated at XX thousand units in 2018 and is anticipated to reach XX thousand units by 2029 registering a CAGR of XX% between 2019 and 2029. This is mainly due to the increasing number of electric cars as well as electric vans, which is further expected to boost the demand for fast charging system in the coming future.
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