Charging Infrastructure for Heavy Commercial Vehicles in Europe and North America 2nd Edition

Charging Infrastructure for Heavy Commercial Vehicles in Europeand North America is the second consecutive strategy report fromBerg Insight analysing the latest developments on the heavy electricCV charging market in these two regions. The report covers all partsof the value chain including charge point operators, commercialvehicle OEM initiatives, and hardware and software vendors. Thisstrategic research report from Berg Insight provides you with 240pages of unique business intelligence, including 8-year industryforecasts, expert commentary and real-life case studies on which tobase your business decisions.

Commercial vehicle charging refers to the process of charging a commercial battery electricvehicle or commercial plug-in hybrid electric vehicle from an external power source. The externalpower source is often a charging station, which is defined as equipment enabling a connectionbetween the electric vehicle and the power grid. Commercial vehicle charging stations play asignificant 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 inthe very early stages of a growth phase which will last for decades. Mega-challenges such asvehicle emissions and climate change continue to encourage investments in electric commercialvehicles and charging infrastructure, contributing to a positive outlook for the market. Harshemission regulations from governments in both Europe and North America are also a marketcatalyst. The installed base of dedicated charging points in Europe is forecasted to grow at acompound annual growth rate (CAGR) of 49 percent from about 14,000 in 2023 to 345,000 bythe end of 2031. In North America, Berg Insight estimates that the total number of dedicatedcharging points in use will increase from approximately 9,000 in 2023 to reach 196,000 by 2031,growing at a CAGR of 47 percent. These numbers include both public and non-public chargingpoints.

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 monitorand maintain charging stations, while commercial vehicle drivers can locate chargers, monitorcharging availability and manage payments. Fleet managers can utilise smart charging softwareto reduce charging costs by charging at non-peak hours. Berg Insight believes that most of thecommercial vehicle charging will be depot charging at the home base. In Europe, the installedbase of public charging stations for commercial vehicles is still very small and will increase to14,200 charging points by 2031. The situation in North America is similar and the installed baseis expected to grow to 8,200 by 2031.

The commercial vehicle OEM part of the value chain is consolidated and consists of a few majorincumbent OEMs with global reach including Volvo Group, TRATON Group, Daimler Truck andPACCAR. There are additionally a number of newcomers targeting the electric commercialvehicle market specifically. Examples of these actors include the major Chinese OEMs BYD and Geely as well as Einride, Tesla, Nikola, Windrose and Volta Trucks. The OEMs drive the industryforward through innovative pilot projects, joint ventures and collaborations such as the CharINassociation.

In North America, there are a number of regional as well as international companies marketingDC chargers for commercial vehicles. ChargePoint is a leading player in the market and a full-service provider offering hardware, software and CPO services. Other major regional hardwareproviders include ABB, Blink Charging, BorgWarner, BTC Power (E.ON), Detroit Diesel, DeltaElectronics, Kempower, SK Signet and Siemens. In Europe, the market for DC charging solutionsis more fragmented than in North America. Prominent actors include ABB, ADS-TEC Energy,Alpitronic, Ekoenergetyka, Kempower, SBRS and Siemens. There are several software-specificproviders in both regions, offering connectivity solutions for charging. Solutions include fleetmanagement tools, peak shaving and smart charging management. Examples of software-specific actors include Last Mile Solutions, Virta, Driivz, GreenFlux, Ampeco, Optimile andNoodoe.

The commercial vehicle charging industry has seen initiatives from several CPOs specificallytargeting heavy commercial vehicle charging. North American actors such as TeraWattInfrastructure, Greenlane and Forum Mobility have extensive expansion plans across the entireregion. Most North American charging stations are located or planned to be initially located inthe state of California. There are also commercial vehicle charging pilot projects in other states such as New York and the Canadian province of Quebec. In Europe, the joint venture CPOMilence is a major player and plans to roll out 1,700 charging stations by 2027. Circle K is alsoinvesting heavily in commercial vehicle charging and has opened 27 sites with a combined 108charging points designed for heavy trucks. Other CPOs with heavy commercial vehicle charginginitiatives include Aral Pulse (BP Pulse), EnBW and Rifil.