Charging Infrastructure for Heavy Commercial Vehicles in Europe and North America 1st Edition

Charging Infrastructure for Heavy Commercial Vehicles in Europe and North America 1st Edition

Charging Infrastructure for Heavy Commercial Vehicles in Europe and North America is the first strategy report from Berg Insight analysing the latest developments on the heavy electric CV charging market in these two regions. The report covers all parts of the value chain including charge point operators, commercial vehicle OEM initiatives, and hardware and software vendors. This strategic research report from Berg Insight provides you with 200 pages of unique business intelligence, including 8-year industry forecasts, expert commentary and real-life case studies on which to base your business decisions.

Charging Infrastructure for Heavy Commercial Vehicles in Europe and North America 1st Edition

Commercial vehicle charging refers to the process of charging a battery electric commercial vehicle or plug-in hybrid electric vehicle from an external power source. The external power source is often a charging station, which is defined as equipment enabling a connection between the electric vehicle and the power grid. Commercial vehicle charging stations play a significant role in the discussions regarding the electrification of vehicle fleets and are regarded by many as a prerequisite for the deployment of electric commercial vehicles at scale. Electric commercial vehicles and charging stations designed for these vehicles are often brought forward as a necessity to decrease the environmental impact of transportation.

Berg Insight is of the opinion that the commercial vehicle charging infrastructure industry is in the very early stages of a growth phase which will last for decades. Mega-challenges such as vehicle emissions and climate change continue to encourage investments in electric commercial vehicles and charging infrastructure, contributing to a positive outlook for the market. Harsh emission regulations from governments in both Europe and North America is also a market catalyst. The installed base of dedicated charging points in Europe is forecasted to grow at a compound annual growth rate (CAGR) of 67 percent from 6,400 in 2022 to 390,000 by the end of 2030. In North America, Berg Insight estimates at the same time that the total number of dedicated charging points in use will increase from 4,150 in 2022 to reach 378,000 by 2030, growing at a CAGR of 76 percent. These numbers include both public and non-public charging points.

Charging stations are expected to be connected through technologies like Wi-Fi and cellular IoT, allowing for smart charging management. Charge point operators (CPOs) can remotely monitor and maintain charging stations, while commercial vehicle drivers can locate chargers, monitor charging availability and manage payments. Fleet managers can utilize smart charging software to reduce charging costs by charging at non-peak hours. Berg Insight believes that most of the commercial vehicle charging will be depot charging at the home base. In Europe, the installed base of public charging stations for commercial vehicles is still very small and will increase to 72,500 charging points by 2030. The situation in North America is similar and the installed base is expected to grow to 88,000 by 2030.

The commercial vehicle OEM part of the value chain is consolidated and consists of a few major incumbent OEMs with a global reach including Volvo Group, Scania, Mercedes-Benz Trucks, Freightliner, Peterbilt, MAN, DAF and BYD. There are additionally a number of newcomers targeting the electric commercial vehicle market specifically. Examples of these actors includeEinride, Tesla, Nikola and Volta Trucks. The OEMs drive the industry forward through innovative pilot projects, joint ventures and collaborations such as the CharIN association.

In North America, there are a number of regional as well as international companies marketingDC chargers for commercial vehicles. ChargePoint is a leading player on the market and is a fullservice provider offering hardware, software and CPO services. Other major regional hardwareproviders include ABB, Blink Charging, BorgWarner, BTC Power (E.ON), Demand Detroit, Delta Electronics, Kempower and Siemens. Several of the prominent companies in North America can provide end-to-end offerings including hardware, software and CPO services. In Europe, themarket for DC charging solutions is more fragmented than in North America. Prominent actorsinclude ABB, ADS-TEC Energy, Alpitronic, Ekoenergetyka, EVBox, Heliox, Kempower andSiemens. There are several software specific providers in both regions, offering connectivitysolutions for charging. Solutions include fleet management tools, peak shaving and smartcharging management. Examples of software specific actors include Ampeco, Driivz andNoodoe.

The commercial vehicle charging industry has seen initiatives from several CPOs targeting heavycommercial vehicle charging specifically. North American actors such as TeraWatt Infrastructure, Greenlane and Forum Mobility have extensive expansion plans across the entire region. MostNorth American charging stations are located or planned to be initially located in the state of California. There are also commercial vehicle charging pilot projects in other states such as New York and the province of Quebec. In Europe, the joint venture CPO Milence is a major player and plans to roll out 1,700 charging stations by 2027. Other CPOs with heavy commercial vehicle charging initiatives include Aral Pulse (BP Pulse), Circle K, EnBW and Rifil.