Solar & EV Charging Infrastructure Trends: 2023 Review and 2024 Outlook

Authors: Fadi Abourjeily, Senior Director of Energy Products and Alex Aguero, Senior Director of Customer Success, Energy

Reflecting on Solar Infrastructure Developments in 2023

As we bid farewell to 2023, solar energy emerges as a powerhouse in the energy landscape, driven by pivotal developments that set the stage for a sustainable future. Notable milestones include the record installation of 33 GW solar capacity in the U.S., a 35% increase from the previous year, propelled by federal policies. The rise of community solar projects expanded access to solar energy, benefiting renters and lower-income households. A significant $3.5 billion investment in energy grid projects demonstrated governmental commitment, boosting renewable energy and job creation in the solar sector. The launch of the Climate Corps aimed to prepare the younger workforce for clean energy careers, underscoring the sector’s growing importance in the job market. These developments signify not only robust growth but also a broader shift towards renewable energy sources, marked by technological advancements, policy support, and increased public and private investment.

Shaping the Future of Solar in 2024: Advanced Energy Systems Integration

Looking ahead to 2024, the most influential emerging trend in solar energy is the integration of advanced energy systems. This trend is driven by improved battery technology, cost reductions in solar panels and energy storage systems, regulatory support, technological integration with smart grids, and the rise of decentralized and community solar projects. These advancements address the variability of solar power, making it a more consistent and dependable source of energy. With the potential for increased reliability and efficiency, solar energy is poised to play a pivotal role in shaping the future of our energy landscape.

a row of white EVs charging

The Evolution of EV Charging Infrastructure in 2023

In the realm of electric vehicle (EV) charging infrastructure, 2023 witnessed significant strides, solidifying the foundation for the EV future. The pivotal development was the expansion and enhancement of ultra-fast EV charging networks, reducing charging time, enhancing accessibility, and showcasing technological advancements. The collaboration between governments and industries, coupled with a global expansion of this trend, underscored a collective commitment to sustainable transportation.

Shaping the Future of EV Charging in 2024: Widespread Adoption of Wireless Charging Technology

Looking forward to 2024, the most influential emerging trend in the EV charging infrastructure landscape is the widespread adoption of wireless, or inductive, charging technology. This trend is fueled by incentives, advancements in charging speeds, reduced maintenance needs, and global standardization and regulation efforts. The shift towards wireless charging is expected to play a pivotal role in making EVs more accessible, efficient, and integrated into the broader transportation ecosystem.

Additionally, the EV infrastructure landscape is gearing up for heavy execution in 2024 and beyond. A notable trend is the expansion of the labor market, as third parties, traditionally not trained in EV deployment, recognize the opportunity to diversify offerings in EV infrastructure construction (and solar!). This positive development is expected to alleviate the labor shortage and accelerate the aggressive build plans for Charging Point Operators (CPOs) and fleet conversions. The ripple effect will contribute to the demand pipeline for EVs, driving car manufacturing targets and creating a cyclical relationship that propels the industry forward. The year 2024 promises to be a transformative period, where strategic planning transforms into tangible actions, steering us towards a sustainable and electrified future.

Building a Sustainable Future, Together 

In the dynamic landscape of renewable energy and electric vehicle (EV) charging infrastructure, Sitetracker aims to stand as a catalyst for progress alongside our customers. We are grateful to partner with leaders in these industries to seamlessly orchestrate the development, construction, maintenance, and management of these essential assets and accelerate the transition towards a sustainable and electrified future. 

If you’re interested in learning more about how Sitetracker is supporting leaders in EV charging and renewable energy, request a personalized demo today.