Electric Vehicle Charging Payments Glossary
Electric Vehicle Charging Payments Glossary

The U.S. Payments Forum Electric Vehicle Charging Glossary defines a common set of terms and standards that support clear understanding of electric vehicle (EV) charging payments across the industry. Focused on terminology relevant to payment approaches, this resource promotes consistency in how stakeholders communicate about this rapidly evolving area of commerce.

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Megawatt Charging System (MCS)
A high-power, DC fast-charging standard designed for heavy-duty electric vehicles like trucks and buses. MCS enables rapid charging, reducing charging times significantly compared to traditional charging methods. MCS can deliver up to 3.75 megawatts (MW) of power, ten times more than some fast-charging systems for passenger cars. 
Miles Per Gallon Equivalent (MPGe)
The measure of how far a vehicle can travel with electrical energy versus the same amount of energy contained in one gallon of gasoline.
Mobile Payment App
Applications are used on a smartphone to locate, activate, and pay for charging sessions at public charging stations.

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