EV Charging Infrastructure in Europe and North America 4th Edition

EV Charging Infrastructure in Europe and North America 4th Edition

EV Charging Infrastructure in Europe and North America is the fourth strategy report from Berg Insight analysing the latest developments on the electric vehicle charging market in these two regions. The report covers all parts of the value chain including charge point operators, car OEM initiatives, and hardware and software vendors. This strategic research report from Berg Insight provides you with 225 pages of unique business intelligence, including 5-year industry forecasts, expert commentary and real-life case studies on which to base your business decisions.

EV Charging Infrastructure in Europe and North America 4th Edition

Electric vehicle (EV) charging refers to the process of charging a battery electric 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. EV charging stations play a significant role in the discussions regarding the electrification of vehicle fleets. Electric vehicles and EV charging stations are often brought forward as a prerequisite in order to decrease the environmental impact of transportation.

Berg Insight is of the opinion that the market for EV charging solutions is in a growth phase which will last for several years to come. Mega-challenges such as vehicle emissions and climate change continue to encourage investments in electric vehicles and EV charging infrastructure, contributing to a positive outlook for the market. The total number of dedicated charging points in Europe is forecasted to grow at a compound annual growth rate (CAGR) of 28 percent from 7.8 million in 2023 to 26.3 million by the end of 2028. In North America, Berg Insight estimates that the total number of dedicated charging points will increase from 3.4 million in 2023 to reach 15.3 million in 2028, growing at a CAGR of 35 percent. These numbers include both private and public charging points.

Over the years, charging stations have evolved from being traditional non-connected hardware devices to smart devices using connectivity technologies like Wi-Fi and 2G/4G cellular. Charge point operators (CPOs) can remotely monitor and maintain charging stations, while EV drivers can locate chargers, monitor charging availability and manage payments. In 2023, the number of connected charging points in Europe is estimated to have reached 5.5 million units, corresponding to a penetration rate of 70 percent. In North America, the number of connected charging points is estimated to about 1.9 million, corresponding to a penetration rate of 56 percent. Most of the connected charging points in Europe and North America are either in public or semi-public applications. Connected home chargers are becoming more common too.

A group of established automotive and power electronics solution providers are among the leading EV charging station manufacturers in Europe. Some pure play charging station manufacturers are also developing into influential players. Examples of major hardware providers in the region include ABB, Alfen, Alpitronic, Circontrol, Compleo Charging Solutions, CTEK, DBT Group, Easee, Efacec, EVBox, Garo, IES Synergy, KEBA, Kempower, Mennekes, Pod Point, Rolec Services, Schneider Electric, Wallbox and Zaptec. While some companies specialise in either AC or DC chargers, others offer both. A few players additionally offer software and services as part of end-to-end offerings. Several CPOs develop back-office platforms in-house, whereasothers prefer third-party platforms from dedicated software providers. Examples of significantsoftware providers in Europe are Last Mile Solutions, Virta, GreenFlux, Driivz and AMPECO.

In North America, there are a number of regional as well as international companies marketingEV chargers. ChargePoint is a leading player on the market and is a full-service provider offeringhardware, software and CPO services. Other major regional hardware providers include Ampure,BTC Power (E.ON), Blink Charging, Enphase, Enel X Way and Flo. Several of the prominentcompanies in North America can provide end-to-end offerings including hardware, software andCPO services. The most prominent dedicated software providers in North America are EVConnect (recently acquired by Schneider Electric) and Shell Recharge Solutions (formerlyGreenlots).

There is a large number of CPOs in Europe. A few of these players have charging operations astheir core business, but many actors come from adjacent markets. Examples of companies thatare more or less specialised CPOs include Allego, Atlante, Fastned, Freshmile, InstaVolt andIonity. Ionity was founded in 2017 by BMW Group, Ford Motor Company, Daimler andVolkswagen Group. Many of the CPOs in Europe are subsidiaries of utility companies. Examplesof utilities operating CPO networks include CEZ Group, EnBW, Enel X, ESB Group, IberdrolaGroup, Innogy, Izivia, Statkraft and Vattenfall. The French CPO Izivia is a subsidiary of the French utility EDF, while Enel X is a subsidiary of the Italian utility Enel. Enel X is furthermore a notable hardware provider in North America after acquiring eMotorWerks in 2017. Some CPOs in Europe have a background in the petroleum industry. Shell Recharge Solutions and BP Pulse are notable examples of petroleum companies entering EV charging. French TotalEnergies operates a public charging network as well. Moreover, BP Pulse, Shell Recharge Solutions and TotalEnergies all offer proprietary hardware. This is the case also for the utility Enel under the Enel X Way brand. In North America, Electrify America and EVgo are two major pure play CPOs. Tesla is also a prominent player, operating its Supercharger and Destination Charging Networks in Europe and North America. The Tesla Supercharger network initially only served Tesla drivers, but a growing part of the network is now being opened up to also serve non-Tesla drivers.