The primary limitation of wireless technology today is that every charger needs its unique power supply. The global over-the-air wireless charging market is estimated to expand rapidly at a staggering CAGR of 30% from now to 2025.
Owing to rapidly evolving emission standards and the rise of fuel prices between 8 to 15%, the acquisition, and charging of electric vehicles (EV) is expected to produce a downtrend of up to 4% for commercial EVs.