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In advanced economies EV charging infrastructure is being built at a remarkable pace. The biggest market for DC chargers globally in terms of units will be workplace charging followed by destination and En-route charging. In 2020 only, around 1 million DC fast...
There has been a massive focus on improving the EV charging infrastructure in European countries, but charging infrastructure still has not increased at the required rate up till now. The residential charging infrastructure is likely to grow in the UK with the ease in...
Japan’s EV charging infrastructure may have stymied in the past year due to lack incentives by the government and aging infrastructure, but the country is projected to increase the number of EV charging stations nationwide to 150,000 by 2030.[ba_advanced_divider...
• The global market is observing an inflationary trend which is a direct consequence of spike in energy costs and disruptions in the supply chain. • The initial investment in BEVs is almost 3 times more than what is required to acquire an ICE vehicle. • Battery...
According to Power Technology Research, the annual market share of Germany’s EVSE market is USD 219 million and is expected to grow with a CAGR of 21% from 2020-2026. Transportation constitutes 24% of the total emissions in Europe, the electrification of which will...
Wireless Charging is still in a budding phase; however, in the long run the EV charging industry will certainly be on an outlook for new innovative approaches to counter the challenges that will arise with EV charging at higher utilization across the globe. Countries...
Germany has a set target of 1 million public chargers by 2030. France has set a target of 100,000 public chargers by the end of 2021. Meanwhile, the US has set a target of 500,000 public chargers by 2030. To meet these targets, sizable investments are required and,...
Charging infrastructure deployment in Canada is picking up again after a slow-paced 2020. Rebates and grants provided by the government and local utilities have resulted in significant expansion of national and provincial networks. However, with electric vehicles...
According to Power Technology Research, Finland’s electricity generation installed capacity accounted for 15.16 GW in 2020. Wind and solar accounted for 2.58 and 0.25 GW of installed capacity respectively. Finland’s nuclear waste repository at Onkalo will cost...
Unlike many other businesses, 2020 was beneficial for the Electric Vehicle Supply Equipment (EVSE) industry. The number of new charge points grew 32% YoY. The percentage growth varied across different countries depending on the incentives, grants and funding offered....
There’s no denying that China is beginning to own the global electric vehicle market. Government subsidies, adopted as part of China’s industrial policy, have been a key driver of EV market expansion in the country. Federal level rebates, quotas for vehicle...
The US transportation sector is the largest carbon emitting sector in the country. The Federal and State regulators are promoting EV adoption by providing incentives like EV tax credits, introducing ICE bans, and offering rebates for setting up charging...