INNOVATIVE
EQUITY GROUP
Adapt to Emerging Technology
Advanced technologies are redefining the way we move.
IEG integrates them into daily life.
Vehicle Electrification
Electric Vehicles (EV) are forecasted to surpass 10% of global new car sales by 2025, and reach 58% by 2040. This massive influx of EVs will require an equally robust charging infrastructure, one which conventional parking garages cannot adapt to without significant capital investment.
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As EV market share grows, automated parking facilities can easily adapt to accommodate them.
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Automated parking facilities are already pre-wired to support EV charging, and adding charging terminals can be done for a fraction of what it would cost to install a charging station in a conventional garage.
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Source: BNEF EV Outlook 2020 Report
Autonomous Vehicles
McKinsey predicts the first Level 5 autonomous vehicles (AV) will arrive as early as 2030. Even today autonomous vehicles are navigating the streets of San Francisco, CA and Phoenix, AZ. The future of vehicle mobility is autonomous, requiring a parking system which is capable of interacting with these advanced technologies.
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Automated parking facilities can adapt alongside AV technology, and IEG is building relationships with key enablers in the AV space to ensure our facilities stay ahead of vehicle technology trends.
Intelligent vehicles demand intelligent parking. Automated parking is the future.
Source: Mckinsey Center for Future Mobility, Autonomous Driving
Smart City Connectivity
With an expected 68% of the world population living in cities by 2050, city leaders are looking to leverage technology and data to deliver better quality of life for residents. With ubiquitous 5G connectivity in most modern cities and ever-growing IoT infrastructure, city managers are already using reliable real-time information about a city's dynamic urban systems to improve their decision making. But we have a long way to go.
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Automated parking is a mobility nexus within a city, and can contribute immense value as a node within a city's IoT network.
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Automated parking systems act as a critical node in a city's urban mobility ecosystem, capable of aggregating useful information to help reduce traffic congestion, reduce pollution, and improve lifestyle quality. It is truly 'smart' infrastructure capable of contributing to urban prosperity.
Bi-Directional Charging
Vehicle-grid integration (VGI), also known as Vehicle to Grid (V2G), is an evolving concept with large implications for city energy distribution systems. Bi-directional charging allows batteries to discharge electricity back to the local grid to help level-load electricity demand.
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Automated parking facilities are uniquely suited with the advanced technology and electrical infrastructure to support Vehicle-Grid Integration.
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Implementing V2G technology helps stabilize electricity loads for utility providers, and the economics allow users to receive payments for their participation. Many parking facilities house thousands of vehicles and, as more vehicles electrify, the potential value for V2G will continue to grow. The V2G market is expected to surpass $17 Billion by 2027, and will likely accelerate as EV market share increases.
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Automated parking is the only parking solution capable of capturing V2G value at scale.