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Report: Europe to have 4.1M EV Charging Stations by 2020

More than 2.9 million plug-in electric vehicles will be on Europe’s roadways and that the region will have more than 4.1 million EV charging stations installed by 2020, according to a new report released by Pike Research.

The top five European markets for EV supply equipment will be Germany, France, the United Kingdom, the Netherlands, and Italy, with this group representing more than 60% of the total market.

The dynamics of demand for EV supply equipment will be different in Europe than in other parts of the world; for example, residential charging equipment adoption will be slower than in North America as more EV owners will opt to use base power from a wall outlet or will rely primarily on commercial charging stations.

Pike forecasts that annual EV supply equipment sales will grow from less than 47,000 units in 2012 to nearly 900,000 in 2020, with a compound annual growth rate (CAGR) of 44%.

The largest European EV supply equipment market will be Germany—home to many of Europe’s largest vehicle manufacturers—which will represent 24% of the region’s sales in 2020. Germany, France, the United Kingdom, and the Netherlands are Europe’s top four countries for EVSE sales.

By 2020, sales of residential chargers will drop to 32% of the European EV charging market (from 43% in 2012) because fewer EV owners will live in homes with convenient access to garages for overnight charging; they will rely instead on commercial charging.

Public charging will represent 32% of the market in 2020, according to the forecast, followed by workplace (20%) and private charging equipment (16%).

EV supply equipment revenue will grow from €72 million ($90 million) in 2012 to more than €1 billion ($1.3 billion) by 2020, according to Pike. Commercial DC charging equipment revenue, which Pike Research has forecast separately from AC charging equipment, will grow to more than €211 million ($263 million) in 2020. Wireless charging equipment sales will start slowly due to a lack of standards, but will grow to reach nearly €79 million ($98 million) in 2020, according to the research firm.

Pike Research’s EV supply equipment market forecasts include projections for 19 countries in Europe: Austria, Belgium, the Czech Republic, Denmark, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Poland, Portugal, Romania, Russia, Spain, Sweden, Switzerland, and the United Kingdom.

[source: Pike Research]
Jul 5, 2012Blagojce Krivevski
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Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

July 5, 2012 Electric Car Newscharging stations, electric vehicles, EV Charging Stations, Pike Research
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