Global Electric Vehicle Charging Outlook: Disruptive Innovations and Dynamic Growth Hubs
Charging infrastructure is witnessing transformational growth driven by rapid EV penetration
Research Overview
In 2020 the adoption of Electric Vehicles (EVs) accelerated across the world, particularly in Europe and the US. This growth was driven by heavy incentivization to promote EV sales and boost the overall automotive market. Global EV penetration in 2020 was 4.8%. In Europe it was 9.7%, and in the US, it was 2.3%. This rapid growth has sustained into 2021, defying even the most bullish estimates by market analysts across the world and has alerted governments as well as key participants in the nascent EV industry to the pressing need for charging infrastructure development and expansion, new regulations, and technology breakthroughs.
This outlook sheds light on the current infrastructure in the US, Europe, Japan, and South Korea, its development in the last decade, its distribution in terms of connectors, use cases, powerbands, and key participants in the charging industry and an infrastructure forecast till 2030. The outlook also contains general insight on global standards, formats, technology evolution, business models, and growth opportunities.
Take your first step towards achieving growth-centric solutions with our
Growth Pipeline Dialog™. Speak to our industry experts in a complimentary open discussion that will spark innovative thinking and growth opportunities that will benefit your organization.