Electric Vehicle Charging Services

Electric Vehicle Charging Services
Summary
The global electric vehicle (EV) charging market is in a transitional phase due to the coming influx of plug-in electric vehicles (PEVs) from premium automakers. It is also being influenced by the introduction of PEVs with much longer range at affordable price points. Automakers are actively involved in infrastructure deployment, which is also changing the dynamics of the market. Meanwhile, governments are looking to promote PEV charging, especially in Europe and China. The latter country in particular seeks to build on the 2015 success of the Chinese PEV market. In the United States, utilities are starting to become bigger players in the charging infrastructure space.
These factors will alter the PEV charging landscape at the same time that the charging market shifts from serving early adopters of PEVs to a broader customer base. Charging companies will need to respond to these changes and recognize new market opportunities. Demand for fast charging will grow. There will also be greater focus on encouraging multi-unit dwellings and workplaces to adopt chargers. Issues such as interoperability continue to hamper the market and will need to be addressed. Utility programs or well-designed government interventions will help overcome some early market barriers. Navigant Research expects the global market for EV supply equipment (EVSE) to grow from around 425,000 units in 2016 to 2.5 million in 2025.
This Navigant Research report analyzes the global market for PEV charging equipment sales and charging services. The study covers the major market drivers for the residential and commercial charging segments and analyzes the potential uptake of alternating current (AC), direct current (DC), and wireless EVSE. Global market forecasts for charging equipment sales, segmented by region, charger type, and residential, workplace, public, and private markets, extend through 2025. The report also examines the potential to secure revenue via public charging services and increased electricity demand, as well as the competitive landscape for charging companies.