Delivery

This report comes in PPT.

Key findings

EV charging is not keeping pace with EV adoption

The ratio of EVs to public EV charge points globally has risen from 8.2 in 2020 to 10.3 in 2023. This suggests that EV demand has outpaced EV charger supply, however, it remains largely within the recommended guidelines.

Most charging points are slow but a shift to fast charging is happening

In 2023, an estimated 64% of all charge points offered power outputs of less than 22kW. However, more fast charging points are appearing. Globally, over 2015-2023, the collective share of fast and ultra-fast public chargers rose from 14% to 36%.

Netherlands - leading EV charging, but needs to focus on fast charging

As of February 2024, the Netherlands was home to 148,000 charge points, making it the leader in EV charger development across Europe. However, with only 2.7% of chargers offering DC power, the country was one of the worst performing in Europe for fast and ultra-fast charging.

New strategies and innovations are driving EV charger development

The EV charging space remains in flux with new commercial strategies and innovations driving change. This includes the growing shift to payment unification and battery-swapping technologies. With range anxiety a key issue, building a more seamless charging experience will be chief to boosting EV adoption.

Challenges need to be understood

However, EV charging has numerous challenges to overcome, especially for some of its major stakeholders which include its customers, CPOs and utility companies. This includes the poor reliability of charge points, the high cost of DC charger installation and the potential grid overload during peak charging periods.