1200+ HP three-motor Lucid Air Sapphire debuts at Monterey Car Week

More

Acura Precision EV Concept Previews Future Design Language for Electrified Era

More

Dodge Charger Daytona SRT previews Dodge’s electric muscle future

More

Mahindra unveils five electric SUVs under two brands based on its new INGLO platform

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

EV Charging Equipment Market to Surpass $3.8 Billion by 2020

Volt-charging
Although sales of plug-in electric vehicles to date have been lower than previously forecast, the plug-in electric vehicle market is expected to continue to grow, and to see stronger growth when the worldwide economy improves and as battery prices come down.

A key enabler, and a direct result, of that growth will be expanding sales of EV charging equipment (better known as electric vehicle supply equipment, or EVSE).

According to a recent report from Pike Research, annual revenue from EV charging equipment sales will grow from $355 million in 2012 to more than $3.8 billion in 2020 – more than a tenfold increase.
EV-Charging-Sales
The key short-term challenge for commercial EV charging equipment sales is to devise viable business models. Currently, it seems likely that both “all-you-can-eat” subscription plans and single price per charge models will be used in the near future.

Pike Research’s analysis indicates that the industry seems to be converging around a very low price point for per-charge costs that affords little cushion for the host site to make money. According to the report, the subscription model appears to hold the most promise as a way to generate revenue from public charging systems at a price that will be acceptable to drivers.
EV-Charging-Sales_1

Feb 16, 2013Blagojce Krivevski
NYC Major Wants 10,000 Charging Spots for Electric Vehicles By 2020Zero Launches All-New 2013 Zero Police and Security Motorcycles
You Might Also Like
 
Fisker Ocean to make global public debut at CES 2020
 
IKEA Canada to Install Free EV Charging Stations
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+.

February 16, 2013 Electric Car NewsEV Charging, Pike Research, Plug-in electric vehicle, Plug-in Electric Vehicles
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
Recent News
1200+ HP three-motor Lucid Air Sapphire debuts at Monterey Car Week
August 19, 2022
576-HP Kia EV6 GT Debuts at Monterey Car Week
August 19, 2022
Fisker considering Ocean’s production expansion beyond 50k units per year
August 19, 2022
UK: Volkswagen ID. Buzz Cargo now open for order, starting from £479 per month
August 19, 2022
Porsche virtually tests 440 kW hydrogen-combustion car at Nurburgring
August 19, 2022
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
1200+ HP three-motor Lucid Air Sapphire debuts at Monterey Car Week
August 19, 2022
576-HP Kia EV6 GT Debuts at Monterey Car Week
August 19, 2022
Fisker considering Ocean’s production expansion beyond 50k units per year
August 19, 2022
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
DMCA.com
© ElectricCarsReport.com | All Rights Reserved.