Pike Research released a report last week that estimated the extent of EV charging infrastructure around the world by 2015. The report entitled Electric Vehicle Charging Equipment states that current market trends point to a deployment of 4.7 million EV charge points in the next five years. Pike Research looked into the availability of EVs, advancements in charge point technology and public funding in creating this estimate. The projected annual revenue from these charge points starting in 2015 would be $1.8 billion according to the research firm.
The driving force behind global EV infrastructure will be nations in the Asia Pacific region. Pike Research states that China will be responsible for about a third of all EV charge points worldwide in 2015. China, Japan and Korea have all committed to major investments in EV infrastructure over the next decade. The United States will be slow to adopt EV charge points at large with early adoption possible through government and corporate subsidies. The nature of EV charge point adoption will be different in North America compared to Europe, Asia and Africa. While two-thirds of American charge points will be within the home, Pike Research notes that more than half of all charge points in Europe and Asia will be publicly available.
To meet global demand for EV charge points, Pike Research notes a shift in leadership over the next five years. Smaller firms like Better Place and Coulomb sprang up in the past decade to drive demand for EV charging technology. These firms would not have been possible without the complacency of larger corporations like Siemens and General Electric. Pike Research foresees major firms overshadowing the Better Places of the world to facilitate global EV infrastructure.
Electric Vehicle Charging Equipment represents a downward shift in Pike’s EV charge point estimates. In a 2009 report on the same topic, Pike Research estimated about 5 million charge points worldwide by 2015. This more sober outlook on EV infrastructure arises from the issue of how to derive profit from charge points and battery replacement spots. Utility companies are concerned about adapting their billing processes for residential and public charging. Government agencies and automakers are not quite sure that their investments in EV charge points will reap dividends in the future. Given advancements in smart charging and e-billing, these concerns have more to do with industry players stuck in the past rather than available technology.
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