Europe and North America to connect 7.9 million EV chargers by 2025
Europe and North America will increase the number of connected electric vehicle (EV) chargers by 38% between 2020 and 2025, according to a new report released by research firm Berg Insight.
This means the number of connected EV chargers in Europe and North America will reach 7.9 million by 2025 from 1.6 million in 2020.
Caspar Jansson, IoT Analyst, Berg Insight, said: “The number of connected charging points has grown significantly in spite of the COVID-19 pandemic.”
Of the 1.6 million connected EV chargers in the two regions in 2020, Europe accounted for a lion’s share of 1.3 million whilst North America had 0.3 million units, according to the study.
The increase in the number of connected EV chargers is a result of efforts to ensure there are enough charging stations as the electrification of the transport sector intensifies.
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Jansson, added: “As long as the electric vehicle fleet continues to grow rapidly, the demand for connected charging stations will continue to grow as well.”
Governments in Europe and North America continue to set ambitious targets to electrify their transport networks to reduce carbon emissions and mitigate climate change. For instance, the Joe Biden Administration set a goal to have 50% of new vehicle sales to be electric by 2050.
The majority of the connected EV chargers are in the public or semi-public sector. Installation in homes is relatively low but is anticipated to increase as more EV owners adopt home charging and as more households deploy smart home capabilities, according to the study.
The connected EV charging station market is served by a variety of players including ENGIE’s EVBox, Shell Group‘s NewMotion and Greenlots, Tesla, Innogy, Vattenfall, and Allego.
Jansson, reiterated: “The integration of communications equipment in EV charging stations can improve operations and the delivered service noticeably in several ways.
“Charging stations can be equipped with load balancing functions to reduce strain on local grids, while charge point operators can monitor and manage their charging stations remotely. Electric vehicle drivers, in turn, can locate chargers, monitor charging availability, book chargers and manage payments using a smartphone app.