More than $80 Billion Expected to be Spent on Global Electric Vehicle Infrastructure Development by the End of 2025

Governments, utilities, and automakers are likely to play an outsized role in the growth of electric vehicle charging installations during the next 3 to 5 years

A new report from Navigant Research analyzes the global market for plug-in electric vehicle (PEV) charging equipment sales, providing global market forecasts, segmented by region, power level, technology type, end use, and networking capability, through 2026.

The PEV market is entering a new phase thanks to battery cost declines, making way for longer-range PEVs and a wider range of vehicle body types. This shift is driving an uptick in electric vehicle (EV) charging investment by major stakeholders, and creating opportunities for specific charging technologies such as DC fast chargers and smart, grid-integrated chargers. Click to tweet: According to a new report from @NavigantRSRCH, more than $80 billion is expected to be spent on global EV infrastructure development by the end of 2025, leading to the development of nearly 230 GW of charging capacity.

“Rising PEV penetration across multiple vehicle types and into a wider variety of environments and customer segments is creating a lot of room for innovative business models and technologies,” says Scott Shepard, senior research analyst with Navigant Research. “The market is currently trending toward the development of publicly available ultra-fast solutions, but there is still much ground to be gained in private network development for fleets, apartments, and workplaces.”

According to the report, stakeholders with the ability to fund large-scale deployments—such as governments, utilities, and automakers—will continue to play an outsized role in the growth of EV charging installations during the next 3-5 years. After that period, the market is expected to reach a more truly demand-driven status, as the growing PEV population drives interest in a range of charging options.

The report, Market Data: Electric Vehicle Charging Equipment, analyzes the global market for PEV charging equipment sales and installations. The study covers the major drivers for the charging market by access type (home, private, and public) and use cases (workplace; multi-unit dwellings; destination parking; fleets of light, medium and heavy duty EVs), and the potential uptake of Level 1 and Level 2 AC, DC, wireless and networked EVSE. Global market forecasts for charging equipment sales and installations, by port and by charger, and segmented by region, technology type, access type, and location type, extend through 2026. An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Lindsay Funicello-Paul

+1.781.270.8456

lindsay.funicello.paul@navigant.com

* The information contained in this press release concerning the report, Market Data: Electric Vehicle Charging Equipment, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Data Services

An interactive data visualization platform with online access to global forecasts spanning the energy, utility, transportation, and buildings industries.

More Information

Research News

Rss
Global Advanced Battery Pack Revenue for Traction and Propulsion Energy in Drones Expected to Reach $225 Million by 2026
Advanced battery chemistries experiencing price declines are replacing traditional lead-acid batteries and nickel-metal hydride chemistries…
Read More »
Revenue for Utility-Offered IoT Intelligent Building Value-Added Services Expected to Reach up to $1.2 Billion in North America in 2026
Creating new value-added services for commercial customers around IoT will help utilities bridge the gap…
Read More »
Global LED Lamp Shipments Are Expected to Reach Nearly 2 Billion in 2026
LED uptake in the commercial segment is outpacing adoption in the residential and industrial segments…
Read More »
View All News

{"userID":"","pageName":"More than $80 Billion Expected to be Spent on Global Electric Vehicle Infrastructure Development by the End of 2025","path":"\/newsroom\/more-than-80-billion-expected-to-be-spent-on-global-electric-vehicle-infrastructure-development-by-the-end-of-2025","date":"8\/23\/2017"}