Infographic

Nordics EVCI Market Comparison: Quarterly Growth and Market Dynamics – 2024

Written By: Ijlal Khan
Published On: September 30, 2024

Infographic

Nordics EVCI Market Comparison: Quarterly Growth and Market Dynamics – 2024

Written By: Ijlal Khan
Published On: September 30, 2024

This infographic examines the ambitious policies and regional targets that are propelling the growth of Electric Vehicle Charging Infrastructure (EVCI) across the Nordic countries, particularly in Norway, Sweden, Denmark, and Finland. As leaders in electric mobility, these nations are not only driving high rates of EV adoption but are also expanding their charging networks at an impressive pace. The growth of this region’s EVCI market is fueled by a combination of strategic government incentives, robust partnerships, and strong regional commitments to sustainable transportation. Additionally, the infographic features graphs showing a quarterly comparison of the EVCI market trends in the Nordics for 2024, highlighting the dynamic progress and dedication to building a comprehensive and accessible EV ecosystem. The analysis suggest that the Nordic countries show a strong preference for home and slow-charging solutions. AC chargers and residential units are anticipated to nearly double in market share by 2030, reflecting significant growth in private infrastructure. This trend aligns with the region’s typical commuting patterns, which favor shorter distances and the convenience of overnight home charging. The public charging infrastructure in the Nordics offers a balanced mix of destination and en-route options, effectively catering to both daily needs and longer-distance travel, ensuring comprehensive support for the region’s EV drivers.

Nordics EVCI Market Comparison: Quarterly Growth and Market Dynamics – 2024

Nordics EVCI Market Growth

The graph shows the quarterly additions of public EV chargers in four Nordic countries reported till 19th August 2024. It shows that less chargers have been installed in case of Finland after Q1, while for Denmark the current market shows that it has fell compared with the previous two quarters, but still there is almost half of the quarter to go yet to have a final outlook. For Norway, the trend seems incremental with increasing number of additions since the start of 2024, whereas for Sweden, the start of year was decent enough to install around 6000 chargers, but the number fell down afterwards in Q2 and Q3.

Country Level Targets and Developments

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