The report examines the global landscape of EV charging, comparing its development against the rising uptake of EVs. It then takes a deep dive into EV charging trends across select major economies, delving into the competitive landscape and geographic distribution of EV charge points. Finally, it identifies the strategies, innovations and challenges facing the EV charging industry.
This report comes in PPT.
The ratio of EVs to public EV charge points globally has risen from 8.2 in 2020 to 10.3 in 2023. This suggests that EV demand has outpaced EV charger supply, however, it remains largely within the recommended guidelines.
In 2023, an estimated 64% of all charge points offered power outputs of less than 22kW. However, more fast charging points are appearing. Globally, over 2015-2023, the collective share of fast and ultra-fast public chargers rose from 14% to 36%.
As of February 2024, the Netherlands was home to 148,000 charge points, making it the leader in EV charger development across Europe. However, with only 2.7% of chargers offering DC power, the country was one of the worst performing in Europe for fast and ultra-fast charging.
The EV charging space remains in flux with new commercial strategies and innovations driving change. This includes the growing shift to payment unification and battery-swapping technologies. With range anxiety a key issue, building a more seamless charging experience will be chief to boosting EV adoption.
However, EV charging has numerous challenges to overcome, especially for some of its major stakeholders which include its customers, CPOs and utility companies. This includes the poor reliability of charge points, the high cost of DC charger installation and the potential grid overload during peak charging periods.
All vehicles captured by Euromonitor's vehicle volume sales data, i.e. light vehicles -passenger cars and light commercial vehicles combined. Medium and heavy-duty trucks and buses are not covered.
See All of Our DefinitionsIf you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!