2021 has been a strong year for electric vehicle (EV) sales, with 6.8 million units sold and 9.5% global market penetration, outperforming industry expectations. Despite the impact of chip shortages on production, the industry exceeded 100% YoY growth. Conductive (wired) charging infrastructure grew to more than 500,000 charge points in 2021. The top 5 countries (excluding China) were the US, the Netherlands, France, Germany, and the UK. These include AC/DC, public, and private charge points.
As of 2022, the wireless or inductive EV charging market is still in a nascent phase because of a lack of global standards, safety regulations, and established business models. Conductive charging infrastructure is also underdeveloped. Hence, the most likely adopters of wireless EV charging will be premium/luxury EV manufacturers offering it as an add-on feature and the commercial mobility sector. About 90% of wireless charging will be stationary as dynamic (under-road) WEVC requires large-scale investment and an infrastructure overhaul. Of the stationary wireless chargers, 80% will be in private locations, while 20% will be available to the public. They will likely use charging pads rather than underground WPT devices.
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