At EV ECO Protect, we are committed to providing a solution which is a much-needed layer of protection that covers not just a single point of entry into a complex ecosystem, but leverages a deep understanding of the ecosystem, its interactions, its dependencies and its vulnerabilities to detect and prevent attacks that could have devastating and long-range impacts if compromised and used in any form of a coordinated attack.
Electric Vehicles (EVs), EV hybrids (vehicles with both electric and internal combustion engines) and the Ecosystem that supports them provide a cyber attack surface that is seeing exponential growth as sales exceeded 10 million in 2022. The share of electric cars in total sales has more than tripled in three years, from around 4% in 2020 to 14% in 2022 and is set to increase by 18% in 2023 based on International Energy Association (IEA) projections. At the same time, EV charging stations are needed to meet the demand of this growing market and to enable EVs to replace traditional fossil fuel powered vehicles. The growth for EV charging stations is projected to grow from 130,000 in the US today to approximately 7,000,000 by 2030.
With a direct connection into the electrical grid, charging stations are ideal targets for compromise in order to launch coordinated attacks against critical power infrastructure. The EVs themselves have the potential to provide supplemental power to homes and businesses in the event of catastrophic failures of the grid, such as hurricanes and floods. The EVs are also exposed to potential attacks such as ransomware and remote takeover.
The opportunities that EV advancements open up are numerous. The development of these technologies has accelerated over the past few years, but this rapid growth comes at a cost, security.
EVs are the next evolution in vehicles and are on track to replace a significant portion of internal combustion engine vehicles over the next 5-10 years. The infrastructure required to fully support this shift is young, growing quickly, and lacks advanced security while being quite literally plugged into critical national power infrastructure. The EVs themselves are large scale mobile edge devices with significant compute, storage, and power capabilities. The standards and capabilities to defend these increasingly critical systems is insufficient to stand up to the potential attacks that can be launched through intrusion into this ecosystem.
Join our revolution to secure the Electric Vehicle Ecosystem. We are still accepting Investors and Technology Partners.
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