Electric vehicle charging equipment sales to reach 4.3m units worldwide in 2022, says Navigant

October 03, 2013 // By Paul Buckley
Worldwide sales of electric vehicle supply equipment (EVSE) will grow from around 442,000 units in 2013 to 4.3 million in 2022 concluded a report released by market analyst Navigant Research.

“As the EVSE market has matured, some of its early challenges, such as a lack of compatibility of charging units with various PEV models, have dissipated,” said Lisa Jerram, senior research analyst with Navigant Research.  “Today there is increasing choice for consumers, including chargers with a wide range of power ratings, home chargers that are competing on price, public chargers with more options for payment and access, the first commercially available wireless charger, and an increasing number of high-speed DC chargers.”

This market, however, is not without growing pains, according to the report entitled 'Electric Vehicle Charging Equipment'.  The most notable challenges are related to the large number of players competing for what remains, for now, a relatively small market.  The industry still must devise an easy way for motorists to access public chargers hosted by a multitude of network operators, each of which often requires its own key card or access code.  At the same time, the industry has not yet figured out how to expand public charging without relying on government subsidies.

The report, “Electric Vehicle Charging Equipment”, analyzes the global EVSE market. The study provides an assessment of EV charging equipment, likely future market growth, and major market and technology trends.  Global market forecasts of EVSE unit sales, revenue, and related electricity demand, segmented by type and location of charging and world region, extend through 2022.  Forecasts for global PEV sales are included, as well.  The report also examines demand drivers related to EVSE and key industry players within the competitive landscape.  An Executive Summary of the report is available for free download on the Navigant Research website.

Visit Navigant Research at www.navigantresearch.com