EV Charging Markets Overview - Focus Outside of Europe

Recording of Tuesday, June 18, 2024 | The smarter E Europe 2024 | Conference Program | Language: English | Duration: 14:56 .

Global EV Charging Market Sees Massive Growth in 2023 Despite Challenges, with China Leading and DC Fast Chargers Surging

The speaker provides an overview of the global charging markets outside Europe, emphasizing their importance despite often being overshadowed by discussions about EVs and batteries. The necessity for robust public charging infrastructure is highlighted due to the occasional long-distance travel needs that exceed typical battery ranges. Significant growth was noted in 2023, with a 45% increase in global charging points, totaling 3.8 million installations despite economic challenges and grid connection issues. China leads this expansion with 2.5 million points as of the end of 2023. Other regions like Latin America are slower to ramp up infrastructure but show potential future growth, evidenced by investments such as those from BYD and Shell in Brazil. A notable trend is faster growth in DC chargers compared to AC due to falling costs making DC more profitable globally. Looking ahead to 2024, another significant increase (around 45%) is expected with additional challenges including political impacts on market dynamics, real estate competition for prime locations, and increasing governmental focus on network reliability maintenance crucial for Charge Point Operators (CPOs). This shift underscores evolving customer demands and regulatory environments shaping public EV charging needs worldwide.

_{Automatisierte Zusammenfassung durch AI Conver}

Speaker

Jeanne Buee
Research Analyst
Rho Motion
United Kingdom

Talk of session: International EV & Charging Market Outlook

Discover the latest trends in electrification in key markets around the world, with a focus on vehicle sales and charging infrastructure. Discover how high-voltage architectures are revolutionizing charging stations and vehicles, and their implications for the auto industry. Researchers will highlight global EV and charging markets and their projected growth. Join us for a series of expert-led presentations and interactive Q&A sessions.