A report by IHS Automotive has calculated that the EV charging market is likely to grow from around 1 million chargers worldwide (2014) to over 12.7 million in 2020.
The study forecasts that global demand for battery electric (BEV) and plug-in hybrid (PHEV) vehicles will rise significantly between 2014 and 2020, which will give impetus for more EV charge point installations.
“Deployments of EV charging stations are critical to enable a widespread adoption of electric plug-in vehicles,” said Ben Scott, senior analyst at IHS Automotive. “Most charging stations are expected to be installed in domestic applications, such as a dedicated wall box or simply a charging cord plugged into a household power source,” Scott said.
“AC charging stations are the dominant type of plug-in vehicle charging type, and we expect AC charging to retain its position long-term,” Scott said. “AC charging is also an inexpensive and convenient way of charging requiring much smaller upgrades of the electricity grid, whereas DC charging is best suited for ‘en route’ charging.”
The report recognises the UK, Netherland and Norway as those currently leading the way for EV adoption and provision of charging infrastructure.
It identifies Germany and France as two nations with underdeveloped EV charging networks that could make a big impact if they were to invest in electric mobility.