The battery electric vehicle (BEV) industry is gearing up for the spread of direct current (DC) fast charging technology, which promises drastic reductions in the time needed to restore a BEV battery to full charge. At the same time, the sector faces a standards conflict: A new connector that combines alternating current (AC) and DC fast charging in one unit, based on a standard developed by the Society of Automotive Engineers, is now in competition with an earlier system, known as CHAdeMO, that was developed by a group of Japanese automakers in association with the Tokyo Electric Power Company and has been adopted to a limited degree around the world.
Vendors of charging equipment (often called electric vehicle supply equipment, or EVSE) report that DC fast charging can reduce the time to a full charge on a standard BEV from the 6- to 8-hour range to less than an hour. The benefits of fast charging, however, go beyond simply the time of charge to include such potential side benefits as reducing the size and cost of the onboard battery – one of the most costly elements of a BEV. NavigantResearch forecasts that shipments of DC fast charging units will accelerate rapidly over the remainder of this decade, growing from fewer than 9,000 in 2012 to nearly 98,000 in 2020. Shipments will grow at a compound annual growth rate of 40.6%.
This research brief examines the global market for DC fast charging, with particular emphasis on emerging business models and technology issues. Profiles of key players in the DC fast charging sector are included, along with market forecasts for shipments of DC fast charging equipment. The study also includes conclusions and recommendations for manufacturers of EVSE as well as BEV makers.
Key Questions Addressed:
- What are the differences between the SAE combo connector and the CHAdeMO protocol?
- How are the major automakers preparing for the advent of fast DC charging?
- How will fast DC charging benefit the overall EV industry?
- Who are the leading players in the fast DC charging sector?
- How will shipments of fast DC charging equipment break down by region and by technology standard?
Who needs this report?
- Automotive manufacturers
- Electric vehicle supply equipment vendors
- Government agencies and policymakers
- Investor community
Table of Contents
1. Executive Summary
2. Market Update
2.1 State of the Market
2.2 Automakers’ Fast Charging Strategies
2.2.2 Daimler AG
2.2.4 General Motors
2.3 Market Forecasts
2.4 Market Drivers
2.4.1 Time and Convenience
2.4.2 Alleviation of Range Anxiety
2.4.3 Business Model
2.5 Market Barriers
2.5.2 Infrastructure Limitations
2.5.3 Business Models
2.6 Technology Issues
2.6.1 DC Fast Charging
2.6.3 SAE Combo Connector
2.6.4 EVSE Provider Responses
2.6.5 Resolution of Technical Issues
2.7 Key Players
2.7.7 Fuji Electric
2.7.8 Schneider Electric
3. Conclusions and Recommendations
3.1 EVSE Providers
List of Charts
- DC Fast Charging Equipment Shipments by Region, World Markets: 2013-2020
- DC Fast Charging Equipment Sales by Technology Standard, United States: 2013-2020
- Total EVSE Unit Sales, World Markets: 2013-2020