DC Fast Charging Equipment for EVs

Direct current (DC) fast charging deployment is growing rapidly, spurred by increasing sales of battery EVs (BEVs) and the introduction of long-range BEVs. The technology has quickly shifted from being a niche segment of the overall EV charging market to the technology with significant investment momentum behind it. Moreover, the market is now demanding higher power DC charging equipment—chargers that can provide power at 100 kW at a minimum and potentially much higher. Virtually all DC charging manufacturers are offering, or are poised to offer, DC fast chargers up to 100 kW. Another key driver to growth in this market is automaker investment. Several automakers have made the decision to invest in DC charging network deployment to support their long-range BEV introductions.

All of this is happening in an uncertain environment for EV charging, as the business models for public charging are still unproven. While high power DC charging is considered an important element of making drivers comfortable with purchasing a BEV, these stations are still unlikely to see high utilization—at least in the next few years. The question of a sustainable business model for DC fast charging needs to be resolved. The DC charging market also faces technical hurdles to reaching the power levels desired by some automakers of 320 kW or higher.

This Navigant Research report discusses the significant issues in the DC charging market today and the remaining barriers to the long-term success of DC charging networks. The study discusses the state of DC charging standards and the key players in the market. Global forecasts for global DC charging equipment sales, segmented by power level, extend through 2026. The report also examines the role of automakers and different business models and use cases.

Key Questions Addressed:
  • What are the key recent trends in the direct current (DC) fast charging market?
  • What is the size of the DC fast charging equipment market?
  • What technology issues need to be addressed to achieve success in DC fast charging at rates over 100 kW?
  • What impact do automakers have on the DC charging market?
  • What are the prospects for sustainable business models in DC charging?
Who needs this report?
  • EV supply equipment (EVSE) manufacturers and service providers
  • Charging equipment component suppliers
  • Automotive manufacturers and suppliers
  • Network and software developers
  • Utilities
  • Government agencies
  • Industry associations
  • Investor community

Table of Contents

1. Executive Summary

2. Market Update

2.1   Charging Power Levels

2.2   Competing Standards

2.3   Technological Barriers

2.4   Automaker Programs

2.5   Business Models and Use Cases

2.5.1   Public Charging: Highway and Metro Area Stations

2.5.1.1   Cost Concerns

2.5.2   Fleets

2.5.3   MHDVs

2.6   Key Players

2.6.1   ABB

2.6.2   AeroVironment

2.6.3   Bosch

2.6.4   ChargePoint

2.6.5   CLEVER

2.6.6   DBT

2.6.7   Efacec

2.6.8   EVgo

2.6.9   Fortum

2.6.10   Hitachi

2.6.11   Siemens

2.6.12   Signet Systems Inc.

2.7   Market Forecast

3. Conclusions and Recommendations

List of Charts and Figures

  • Sales of DC Chargers by Region, World Markets: 2017-2026
  • Sales of DC Chargers, Under 100 kW, by Region, World Markets: 2017-2026
  • Sales of DC Chargers, Over 100 kW, by Region, World Markets: 2017-2026

List of Tables

  • Charging Station Types
  • Estimated Total DC Charger Plugs by Key Country/Region and Connector Type, World Markets: 2017
  • Sample of Automaker Initiatives to Deploy DC Charging Networks

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