ID TECH Expands into Electric Vehicle (EV) Charging Station Market
ID TECH, a leading manufacturer of secure payment solutions, is pleased to announce its entry into the electric vehicle (EV) charging station market as it continues to grow its presence as a globally recognized company.
Prior to entering the EV charging station market, ID TECH’s unattended product offering included solutions for parking, loyalty, transit, and vending. With the addition of EV charging, ID TECH extends its proven, sustainable, and industry-leading technology, to a new and emerging market with tremendous upside. According to an Allied Market Research report published in April 2020, the EV charging market is set to reach a $25.5 Billion value by 2027 and represents a global trend in the automotive industry.
Considered one of the green movement’s fastest-growing industries, electronic vehicle sales are projected to rise to 14 million by the year 2025. As a result, there has been a shift in public policy that resulted in the House of Transportation and Infrastructure Committee pursuing a 4 billion dollar proposal to “strategically place EV charging and hydrogen fueling infrastructure along major national highways.”
ID TECH’s entry into the market will signal the arrival of secure, rugged, weather-proofed devices into EV charging stations. ID TECH’s tamper-resistant devices have been tested to withstand the most extreme temperatures to meet the unique environmental specifications that EV charging stations require to function properly. ID TECH’s devices are also customizable and can accept all popular payment methods. ID TECH’s wide range of products are proof of their dedication to providing EV charging stations with payment solutions that are easy to use and compatible with various payment types.
“ID TECH is certain that our products will positively contribute to the industry due to their quality and our extensive experience in unattended environments.” said Fernando Herkenhoff, Product Manager/Business Development Latin America, ID TECH “ID TECH offers a variate of payment solutions that will allow the convenience of choice because our products allow customers to pay for their charging needs at their convenience.”
The implementation of ID TECH’s solutions into the EV market will allow EV charging station integrators to easily integrate unattended payment solutions into their EV kiosks. EV integrators will now have an easier time incorporating the newest payment technologies into their stations. ID TECH is ready to play a key role in providing even more innovative payment devices and reshaping the future of payments in the EV charging station industry.
For more information about ID TECH EV charging products or any of the Company’s product portfolio, click here.
About ID TECH
ID TECH is a global leader in payment peripherals, with sales, manufacturing, and R&D facilities around the world. The company has become a well-established payment solutions provider with extensive experience in data capturing and encryption products and services. Designing dependable, feature-rich products have made ID TECH a leading supplier of Magstripe readers, mobile payment readers, contactless readers, smart card readers, barcode readers, POS keyboards, signature capture devices, PCI-compliant PIN pads, and other specialty products for OEMs, VARs, resellers, distributors, and key end-users. ID TECH provides both standard and custom solutions to support customer requirements. For more information about ID TECH, please call 1-800-984-1010 or visit www.idtechproducts.com.