• The transport sector is heavily reliant on fossil fuels and accounts for 37% of CO2 emissions from end use sectors (International Energy Agency).
• Globally APAC is the leading region in terms of EV charging infrastructure installed base which is evident from the annual sales of passenger EVs in the region. • Utilities have been very active in the EV charging business especially in Europe where major utility companies like Enel, E.ON, Engie, EDF, and Innogy have acquired EV charging companies such as EVBox and Nuvve or are acting as CPOs.
• In EMEA, petroleum giants have emerged as the biggest players in the EVSE sector as oil giants like Total and Shell have acquired multiple big EV charging OEMs.
Globally, especially advanced economies, in the wake of rising carbon emissions and associated climate change, are shifting from Internal Combustion Vehicles (ICEs) to Electric Vehicles (EVs). International commitments, especially
The Paris Agreement, have a significant role in pushing economies to take measures to reduce their emissions which in turn has led to the global emergence of the EV industry. The Paris Agreement is a legally binding international treaty on climate change which was adopted by 196 countries at COP21, and its goal is to curtail global warming well below 2, preferably to 1.5 degrees Celsius, compared to preindustrial levels. [1]
The transport sector is heavily reliant on fossil fuels and accounts for 37% of CO2 emissions from end use sectors according to International Energy Agency. Emissions have been rising, over the past decades, with the exception of 2020 when it dropped by 10% YoY to 7.2 Gt of CO2, as compared to 8.5 Gt, due to COVID-19. [2] So, the transport sector has a crucial role in curtailing global warming by providing a timely transition from ICE vehicles to electric vehicles. But the sustenance of EV sales especially is heavily reliant on the availability of charging infrastructure which is being deployed globally (APAC, EMEA and Americas).
In this white paper we will discuss region wise deployment of charging infrastructure in APAC, EMEA and the Americas, and major trends in the EV charging industry in detail.
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