Global plug-in electric vehicle (EV) population reached 7.5 million units (including light commercial vehicles) by the end of 2019. Although plug-in EV is only around 2% of global sales today, they are positioned to take the lead of road transportation in the coming decade, as governments around the world announce bans on ICEs as well as the EV technologies and market mature.
EV manufacturers have been improving the range of their vehicles to help alleviate range anxiety for EV drivers. However, larger batteries and longer range alone are not going to address the range anxiety for customers. The availability and convenience of charging is also one of the key factors to ensure a good driving experience for EV owners. Therefore, the deployment of charging infrastructure is essential to facilitate the uptake of plug-in EVs and the sustainable development of the plug-in EV industry.
According to IDTechEx’s research on electric vehicles, by 2030 there will be over 100 million plug-in EVs on road globally including passenger cars, buses, trucks and vans which are the most relevant sectors to consider for EV charging infrastructure. Among them electric passenger cars represent the largest plug-in EV sector in volume while electric fleets such as buses, trucks and vans are expected to grow rapidly in the coming decade which will drive up demand for charging infrastructure significantly.
This report provides an overview of the state of EV charging infrastructure deployments by key regions including China, Europe and the USA. The penetration rate of both private and public charging infrastructure in each region and the market share of key players are presented. In this report, we cover a comprehensive analysis of major charging infrastructure including conductive charging, wireless charging and alternative solutions such as battery swapping. Under the various charging infrastructure we offer a detailed analysis of key EV charging technologies such as fast charging, inductive and capacitive charging, robotic and autonomous charging, off-grid charging, mobile charging and vehicle-to-home/grid (V2H/V2G).
According to IDTechEx forecast, by 2030 global EV charging infrastructure market will be worth $40 billion per year, which could provide huge value opportunities for companies along the EV charging value chain. In this report, we provide an in-depth analysis of the EV charging value chain. The key market players in the EV charging industry with their technologies and developments will be presented and discussed. We found that as the industry evolves, players move along the value chain and contribute to further complexifying and densifying it.
Currently, the business cases for home or workplace level 2 chargers are straightforward, given low up-front capital and operating expenses. Making the business case work for public fast charging stations is more difficult due to the higher up-front capital, higher operating costs, and currently low utilization. However, big oil companies such as Shell and BP have been proactive in securing their shares of the market and big utilities companies are integrating EV charging as part of their business. In this report, we will provide an overview of the business models of charging network providers. Emerging business models such as smart charging and V2H/V2G will also be addressed.
We also provide a ten-year market forecast, in both unit numbers and revenues, on EV charging infrastructure. Granular market forecasts are presented by region (China, Europe, the USA and RoW), sector (passenger cars and fleet EVs), applications (private and public) and power level (AC and DC). According to our forecast, the global EV charging infrastructure market value will grow at 24% CAGR in the forecast period and reach $40 billion per year by 2030.
- Current market landscape of EV charging infrastructure: EV charging deployments by region, charging infrastructure (private and public) penetration rate by region and market share of key players;
- Comprehensive overview of various charging technologies and standards globally
- Detailed analysis of various charging infrastructure including conductive charging, wireless charging as well as alternative solutions such as battery swapping;
- Key EV charging technologies including fast charging, inductive and capacitive charging, mobile charging, robotic and autonomous charging, battery swapping as well as dedicated charging for fleet EVs; evaluations on the key charging technologies are provided;
- Analysis of the EV charging value chain and business models key market players;
- Detailed ten-year market forecast on EV charging infrastructure in both unit numbers and market value (revenues); granular market forecasts are provided by major regions, sectors (passenger cars and fleet EVs), applications (private and public) and power levels (AC and DC).