Ford Global Technologies, LLC has been issued a patent (U.S. Patent No. 10,737,577) for a method of determining and scheduling charge locations and times on a route for an electric vehicle based on the cost of charging and availability. The system also determines how long a vehicle should charge at a certain location. 

The electric vehicle charging market size reached $3.8 billion in 2019 and is expected to hit $25.5 billion in 2027, according to Allied Market Research. A report released by the International Energy Agency stated there were 2.1 million electric vehicles sold globally in 2019, bringing the total stock to 7.2 million electric vehicles on the road. Many systems have been developed to facilitate the integration of electric vehicles into our societies. Stay updated on the latest patent and market data for electric vehicle charging with a subscription to Magic Number® Energy Financial Settlements Patent Forecast®.  Start your free trial today!