Discover the data secrets of the EV charger industry

The Situation of the EV Charger industry

Since 2011, new energy vehicle chargers have been in the stage of rapid construction. New energy vehicle chargers mainly use in the public aspect, and the largest number of users are China, the European Union, and the United States. As of 2019, China and the European Union had approximately 516,400pcs and 169,000pcs public chargers respectively, and the United States exceeded 75,000pcs.

EUROPE: The EU has started to build EV chargers in 2010, and EV chargers have rapidly increased from 0 in 2009 to 168,708pcs in 2019. The fastest-built chargers were 49,182pcs in 2019. This can also reflect the rapid construction of EV chargers in the European Union. Among them, the Netherlands, Germany, France, and the United Kingdom pay more attention to set up EV chargers. In 2019, the number of EV chargers in the Netherlands was 50,466pcs, Germany was 38,625pcs, France was 29,648pcs, and the United Kingdom was 26,476pcs. Accounting for 86.07% of the total number of chargers in the EU.

Huge Markets

In May, the European Commission proposed an economic recovery plan totaling 750 billion euros to deal with the severe impact of the epidemic. The focus of the recovery plan is to promote the EU’s transition to a “green economy”. In order to achieve the goal of carbon neutrality by 2050, the European Commission has also drafted a list of priority development projects. Increase the number of charging piles for electric vehicles, etc.

By 2030, the EU needs to increase the number of public chargers for electric vehicles by 15 times. Currently, the number of EV chargers in the EU is 185,000pcs. It is estimated that the number of electric vehicles in the EU will reach 44 million, requiring about 3 million supporting public chargers in 2030. In the next 11 years, the EU will invest 20 billion euros for the construction of charging infrastructure. The International Energy Agency (IEA) predicts that by 2030, the global number of electric vehicles will reach 125 million, and the demand for public chargers will exceed 10 million.

In the next 10 years, the EV charger industry will activate a trillion-level market.

At the same time, the International Energy Agency IEA released the "Global EV Outlook 2019" report and made a prediction on the scale of global EV chargers in 2030: Based on the latest national policies (NPS) and the EV30 organization (EV30@30) national policies, the global private EV chargers will be reached 128/245 million units, with a total charging power of 1000/1800GW and a total charging capacity of 480/820TWh; the global public chargers will be reached 10/20 million units with a total charging power of 113 /215GW, the total charging capacity is 70/124TWh.

The fastest growing of EV market

According to EV-volume data, from January to June 2020, new energy vehicle sales of China market were 385,000 units, down 42% compared to last year, and European market sales were 414,000 units, up 57% than 2019.

At present, the global public chargers have reached 927,000pcs, of which 299,000pcs were added in 2019, including 11,100pcs in the United States, 53,700pcs in Europe, and 216,000pcs in China.

In the past seven years, the public chargers market has grown at a compound annual growth rate of 32%. As the main force of market growth, China has driven 65% growth. The growth rates in Europe and the United States are relatively slow, at 13% and 2%.

So far, the number of public chargers in China ranks first in the world. The Netherlands has only 17 million people, but the number of public chargers ranks third in the world.

The global EV car-to-EV charger ratio is 7.5:1, a slight decrease compared with 2018. The EV car-to-EV charger ratio has differents according to region, and the two largest electric vehicle markets are quite different: Norway has an EV car-to-EV charger ratio of 23:1 and China's 6.1:1.