Electric Vehicle Charging Equipment Sales to Reach 4.3 Million Units Worldwide in 2022, Forecasts Navigant Research


charging station

BOULDER, CO--October 3, 2013: Buoyed by strong growth in the market for plug-in electric vehicles (PEVs), the market for electric vehicle charging equipment – better known in the industry as electric vehicle supply equipment, or EVSE – has expanded rapidly in the last 18 months, as well. This growth has also been fueled by government programs that have continued to support EVSE deployments, and by companies that are bringing a broader portfolio of products to market. According to a new report from Navigant Research, worldwide sales of EVSE will grow from around 442,000 units in 2013 to 4.3 million in 2022.

“As the EVSE market has matured, some of its early challenges, such as a lack of compatibility of charging units with various PEV models, have dissipated”

“As the EVSE market has matured, some of its early challenges, such as a lack of compatibility of charging units with various PEV models, have dissipated,” says Lisa Jerram, senior research analyst with Navigant Research. “Today there is increasing choice for consumers, including chargers with a wide range of power ratings, home chargers that are competing on price, public chargers with more options for payment and access, the first commercially available wireless charger, and an increasing number of high-speed DC chargers.”

This market, however, is not without growing pains, according to the report. The most notable challenges are related to the very large number of players competing for what remains, for now, a relatively small market. The industry still must devise an easy way for motorists to access public chargers hosted by a multitude of network operators, each of which often requires its own key card or access code. At the same time, the industry has not yet figured out how to expand public charging without relying on government subsidies.

The report, “Electric Vehicle Charging Equipment”, analyzes the global EVSE market. The study provides an assessment of EV charging equipment, likely future market growth, and major market and technology trends. Global market forecasts of EVSE unit sales, revenue, and related electricity demand, segmented by type and location of charging and world region, extend through 2022. Forecasts for global PEV sales are included, as well. The report also examines demand drivers related to EVSE and key industry players within the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.

Home | Buyers Guides By Make | New Car Buyers Guide | Used Car Super Search | Total New Car Costs | New Car and Truck Reviews
Automotive News | TACH-TV | Media Library | Discount Auto Parts

Copyright © 1996-2014 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by The Auto Channel, LLC and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

Privacy Statement | Size Does Matter | Media Kit | XML SITE MAP | Affiliates

Send your questions, comments, and suggestions to Editor-in-Chief@theautochannel.com.

Submit Company releases or Product News stories to submit@theautochannel.com.
Place copy in body of email, NO attachments please.

To report errors and other problems with this page, please use this form.

Link to this page: http://www.theautochannel.com/