IHS Automotive forecasts the global EV charging stations
installation base to grow to more than 12.7 million in 2020
The global EV Charger (EVC) market is forecast to grow from more
than 1 million units in 2014 to more than 12.7 million units in
2020, according to a new EV Charging Infrastructure report by IHS
Inc. (NYSE:IHS), the leading global source of critical information
and insight. The report investigates the current and future
regional deployments of EV charging stations and identifies factors
for future growth.
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“Deployments of EV charging stations are critical to enable a
widespread adoption of electric plug-in vehicles,” said Ben Scott,
senior analyst at IHS Automotive. “Most charging stations are
expected to be installed in domestic applications, such as a
dedicated wall box or simply a charging cord plugged into a
household power source,” said Scott.
According to IHS Automotive, the global production market for
pure electric and plug-in hybrid electric (PHEV) vehicles is
expected to grow significantly between 2014 and 2020.
EV AC vs. DC Charging Stations
There are two main types of plug-in EV charging stations – AC or
DC. An AC charging station supplies current to the on-board vehicle
charger and typically provides 5-15 miles of electric range per 30
minute charge, while a DC charging station supplies current
directly to the vehicle battery and typically provides about 80
miles of electric range per 30 minute charge.
“AC charging stations are the dominant type of plug-in vehicle
charging type, and we expect AC charging to retain its position
long-term,” said Scott. “AC charging is also an inexpensive and
convenient way of charging requiring much smaller upgrades of the
electricity grid, whereas DC charging is best suited for ‘en route’
charging.”
Because of this, IHS Automotive foresees that AC charging
is to play a crucial role in the public domain of the EV charging
infrastructure. According to the report, approximately 10 percent
of EV charging stations by 2020 will be within the public or
semi-public domain, whereas the global DC charging stations are
expected to be relatively low and located on the outskirts of
cities and highway infrastructure, rather than located in dense
urban areas.
The report finds that the deployments of the charging stations
are dependent on a highly variable price range. The price can range
from $395 USD for a simple domestic wall box to more than $35,000
USD for a DC charging station. This figure does not include
installation costs that could add $10,000 in the case of a DC
charging station, depending on its location and accessibility.
Germany and France - ‘sleeping giants’ of e-mobility
“Japan is a key growth region for the EV charging stations and
recently passed a key milestone by having more EV charging stations
than petrol stations,” said Scott.
In Europe, the report discloses, the Netherlands, the United
Kingdom and Norway currently lead the way in terms of a number of
charging station deployments.
“We recognize the potential of Germany and France,” said Scott.
“They are the ‘sleeping giants’ of e-mobility, but their EV
charging station networks are currently underdeveloped with respect
to the size of those countries.”
Scott also said that the sales of electric vehicles in Germany
and France have been relatively low in comparison to other European
countries.
“In the U.S., EV charging station deployments are primarily
driven at the state level. As an example, the ‘greener’ states,
like California, deploy more EV charging stations than others,”
Scott said. “This is highly dependent on the individual state’s
level of incentives and legislation supporting the adoption of EVs,
along with regulations for fuel economy.”
Japan leads globally with CHAdeMO
Japan has more than 2,800 DC fast charging stations, using
CHAdeMO, the Japanese fast-charging standard. Japan accounts for
roughly 50 percent of the global total of all CHAdeMO stations,
according to the IHS Automotive report.
Europe and North America also have their own fast charging
standard, Combined Charger System (CCS). This type of a
fast-charging station is supported by the majority of OEMs, such as
Audi, BMW, Daimler, Chrysler, Ford, GM, Porsche, and Volkswagen.
Vehicles with fast DC charging capability based on the CCS standard
have only been on the road since 2013.
From 2010 to 2014, IHS forecasts that just seven percent of
electric vehicles globally use the CCS charging system and about 65
percent use the CHAdeMO standard. IHS expects this will change over
the short to mid-term, as more vehicles with the CCS standard enter
the vehicle parc (vehicles on the road). There will gradually be a
more even split between the two DC fast-charging standards.
PHEV production to exceed EV production
According to the report, the mix of plug-in vehicles (EVs and
plug-in hybrid electric vehicles - PHEVs) in the vehicle parc also
has an impact on the rollout of EV charging station deployment. IHS
Automotive forecasts that in 2016 for the first time, global PHEV
production will exceed pure electric vehicle production and is
expected to remain that way for the short to mid-term.
The accelerated production of PHEVs is motivated by meeting CO2
targets while remaining cost effective.
“Although there will be many more plug-in vehicles on the road,
realistically it is the ‘pure’ EVs which will make most use of
available charging points,” Scott adds. “EV production is also
increasing and we expect charging infrastructure to rollout
respectively.”
The regional markets will encourage EV charging stations, as
stations in the public domain will be essential for consumers and
in turn, a developed charging station network may encourage
consumers to purchase a ‘greener’ EV over a PHEV.
Access the full report by following the link here. For more
research and analysis on the electric vehicle and hybrid markets
visit IHS Automotive Hybrid-EV Portal.
About IHS Automotive
(www.ihs.com/automotive)
IHS Automotive, part of IHS Inc. (NYSE:IHS), offers clients the
most comprehensive content and deepest expertise and insight on the
automotive industry available anywhere in the world today. With the
addition of Polk in 2013, IHS Automotive now provides expertise and
predictive insight across the entire automotive value chain from
product inception—across design and production—to the sales and
marketing efforts used to maximize potential in the marketplace. No
other source provides a complete picture of the global automotive
industry. IHS is the leading source of information, insight, and
analytics in critical areas that shape today’s business landscape.
IHS has been in business since 1959 and became a publicly traded
company on the New York Stock Exchange in 2005. Headquartered in
Englewood, Colorado, USA, IHS is committed to sustainable,
profitable growth and employs about 8,800 people in 32 countries
around the world.
IHS is a registered trademark of IHS Inc. All other company and
product names may be trademarks of their respective owners. ©2015
IHS Inc. All rights reserved.
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IHS AutomotiveKatarzyna Kosior, +44 20 8276
4796LondonKatarzyna.Kosior@ihs.comorIHS Inc.Michelle Culver,
+1-248-728-7496Michelle.Culver@ihs.comorPress Team,
+1-303-305-8021press@ihs.com
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