Electric Vehicles

Selbyville, Delaware, Feb. 24, 2021 (GLOBE NEWSWIRE) — According to seasoned analysts, global electric vehicle charging infrastructure market was worth USD 11.3 billion in 2019, and is anticipated to grow with an impressive CAGR of 33.4% over 2020-2027 to reach a valuation of USD 113.2 billion by the end of the analysis timeframe. Rising environmental cognizance, in consort with efforts towards to reducing carbon footprint and GHG emissions are boosting the adoption of electric vehicles, in turn fostering the demand for EV charging stations.

As per the report, worldwide electric vehicle charging infrastructure marketplace is examined with respect to charger type, connector ambit, and application scope. Information about sales volume, revenue contribution, and industry share held by each segment is mentioned. Moreover, the geographical reach of the market, and known players operating across these regions are explicated to better understand the competitive scenario of the market space.

Statistics by International Energy Agency reveal that there were around 380 hydrogen refueling stations across the globe in 2018 with approximately 11,200 FCEVs (fuel cell electric vehicles), both of which are poised to surge, with refueling stations touching 3000 mark and FCEVs stock reaching 2 million by the year 2025.

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For the unaware, electric vehicle charging infrastructure, as name suggests, supports the charging of electric vehicles and swapping of discharged battery with fully charged one from shelf. Strategic alliance among market moguls, including collaborations, acquisitions & mergers, are stimulating the worldwide electric vehicle charging infrastructure market outlook.

Citing an instance, Tesla Inc. introduced the largest grid connected battery V3 Supercharging in 2019, for faster charging of electric vehicles. Likewise, BYD Auto Co. Ltd. and Amply Power Inc. entered into partnership in October 2019, to offer affordable solutions to fleet operators to migrate to electric vehicle.

Despite the positive scenario, absence of standardization in EV charging infrastructure is slated to act as a major challenge for the market expansion in the coming years.

Enlisting market segmentations:

Based on charger type, global electric vehicle charging infrastructure industry is classified into fast charger, and slow charger. While different connectors considered in the report are combined charging system (CCS), CHAdeMO, and others. Commercial, and residential are two application areas of EV charging infrastructure.

Expounding regional outlook:

Reliable estimates divulge that Asia Pacific led the global electric vehicle charging infrastructure industry forecast in the recent past and will showcase similar growth trend through 2027. With China, South Korea, and Japan being the production hubs for electric vehicle, and constant investments towards development of charging infrastructure are positively swaying the business dynamics in APAC.

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Global Electric Vehicle Charging Infrastructure Market by Charger Class (Revenue, USD Billion, 2017-2027)

Global Electric Vehicle Charging Infrastructure Market by Connector Type (Revenue, USD Billion, 2017-2027)

• Combined Charging Station (CCS)
• CHAdeMO
• Others

Global Electric Vehicle Charging Infrastructure Market Application Scope (Revenue, USD Billion, 2017-2027)

Global Electric Vehicle Charging Infrastructure Market Regional Terrain (Revenue, USD Billion, 2017-2027)

Asia Pacific

• South Korea
• Japan
• India
• China
• Australia
• Rest of APAC

Latin America

Europe

• France
• United Kingdom
• Germany
• Spain
• Italy
• Rest of Europe

North America

RoW

Global Electric Vehicle Charging Infrastructure Market Competitive Dashboard (Revenue, USD Billion, 2017-2027)

• Schneider Electric SE
• SemaConnect Inc.
• Leviton Manufacturing Co. Inc.
• General Electric Company
• Eaton Corp. plc
• ClipperCreek Inc.
• ChargePoint Inc.
• (BP) Chargemaster Ltd.
• ABB Group
• AeroVironment Inc.

Table of Content:

Chapter 1.           Executive Summary

1.1.         Market Snapshot

1.2.         Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)

1.2.1.     Electric Vehicle Charging Infrastructure Market, by Region, 2018-2027 (USD Billion)

1.2.2.     Electric Vehicle Charging Infrastructure Market, by Charger Type, 2018-2027 (USD Billion)

1.2.3.     Electric Vehicle Charging Infrastructure Market, by Connector, 2018-2027 (USD Billion)

1.2.4.     Electric Vehicle Charging Infrastructure Market, by Application, 2018-2027 (USD Billion)

1.3.         Key Trends

1.4.         Estimation Methodology

1.5.         Research Assumption

Chapter 2. Global Electric Vehicle Charging Infrastructure Market Definition and Scope

2.1.         Objective of the Study

2.2.         Market Definition & Scope

2.2.1.     Scope of the Study

2.2.2.     Industry Evolution

2.3.         Years Considered for the Study

2.4.         Currency Conversion Rates

Chapter 3. Global Electric Vehicle Charging Infrastructure Market Dynamics       

3.1.         Electric Vehicle Charging Infrastructure Market Impact Analysis (2018-2027)

3.1.1.     Market Drivers

3.1.2.     Market Challenges

3.1.3.     Market Opportunities

Chapter 4. Global Electric Vehicle Charging Infrastructure Market: Industry Analysis

4.1.         Porter’s 5 Force Model

4.2.         PEST Analysis

4.2.1.     Political

4.2.2.     Economic

4.2.3.     Social

4.2.4.     Technological

4.3.         Investment Adoption Model

4.4.         Analyst Recommendation & Conclusion

Chapter 5. Global Electric Vehicle Charging Infrastructure Market, by Charger Type         

5.1.         Market Snapshot

5.2.         Global Electric Vehicle Charging Infrastructure Market by Charger Type, Performance – Potential Analysis

5.3.         Global Electric Vehicle Charging Infrastructure Market Estimates & Forecasts by Charger Type 2017-2027 (USD Billion)

5.4.         Electric Vehicle Charging Infrastructure Market, Sub Segment Analysis

5.4.1.     Slow Charger

5.4.2.     Fast Charger

Chapter 6. Global Electric Vehicle Charging Infrastructure Market, by Connector         

6.1.         Market Snapshot

6.2.         Global Electric Vehicle Charging Infrastructure Market by Connector, Performance – Potential Analysis

6.3.         Global Electric Vehicle Charging Infrastructure Market Estimates & Forecasts by Connector 2017-2027 (USD Billion)

6.4.         Electric Vehicle Charging Infrastructure Market, Sub Segment Analysis

6.4.1.     CHAdeMO

6.4.2.     Combined Charging System (CCS)

6.4.3.     Others

Chapter 7. Global Electric Vehicle Charging Infrastructure Market, by Application         

7.1.         Market Snapshot

7.2.         Global Electric Vehicle Charging Infrastructure Market by Application, Performance – Potential Analysis

7.3.         Global Electric Vehicle Charging Infrastructure Market Estimates & Forecasts by Application 2017-2027 (USD Billion)

7.4.         Electric Vehicle Charging Infrastructure Market, Sub Segment Analysis

7.4.1.     Commercial

7.4.2.     Residential

Chapter 8. Global Electric Vehicle Charging Infrastructure Market, Regional Analysis

Related Report:

Global Electric Vehicle Charging Infrastructure Market Size study and Regional Forecasts 2020-2027

Global Electric Vehicle Charging Infrastructure Market to reach USD 113.2 billion by 2027, as per new research report. Global Electric Vehicle Charging Infrastructure Market is valued approximately at USD 11.3 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 33.4% over the forecast period 2020-2027. The electric vehicle charging infrastructure is a charging station for electric vehicles and further supports swapping of discharged batteries in a vehicle with fully charged batteries from a shelf. The rising adoption of electric vehicles due to levels of carbon emissions and other harmful gases stemming from transportation have increased the growth of the electric vehicle charging infrastructure market.

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FORT WAYNE, Ind. (WANE) – The Fort Wayne City Council voted to discuss a bill that would being 27 electric vehicle charging stations to the City of Fort Wayne.

The bill is for the Volkswagen Electric Vehicle Project Funding Grant Program which is established in conjunction with a statewide electric vehicle charging network, according to the bill.

The ordinance that the council will discuss is for $90 thousand grant that would be payed back to the Volkswagen Diesel Emissions Environmental Mitigation Trust for State Beneficiaries for the State of Indiana. The city’s share of the project is just over $250 thousand.

If approved the grant would help provide 24/7 charging stations in multiple, well lit areas around the city:

• Meijer located on: Dupont Road, Diebold Road, Lima Road and Maysville Road
• Memorial Coliseum
• Berry Street
• Wayne Street
• Downtown location of Allen County Public Library
• Ash Brokerage Parking Garage
• Foster Park
• Jefferson Pointe Shopping Center

Each electric charging would be able to charge two vehicles at a minimum of 50kW or one vehicle at a minimum of 100kW. Multiple payment methods would be accepted, according to the proposal.

The grant money would need to be paid back by Dec. 31, 2022.

The board voted unanimously to discuss at the next city council meeting.

• Nio shares fell as much as 18% Tuesday, extending their two-day loss to 24%.
• The company is one of several electric-vehicle makers to see sharp two-day declines.
• Tesla specifically has led a broader sell-off in tech stocks.
• Visit the Business section of Insider for more stories.

Nio stock slid as much as 18% on Tuesday, extending the electric-vehicle maker’s two-day skid to 24%. The company has been swept up in a broader industry sell-off led by larger rival Tesla.

Shares of both company are being pulled back alongside other technology stocks as investors evaluate rising borrowing costs in the face of rising bond yields. Bond yields have stepped higher as investors price in a potential pickup in inflation on the back of economic recovery from the COVID-19 pandemic.

“Given their aggressive discounting to present of long-term cash flows, they’re suffering from the same effects as investment grade corporate bonds and anything else that pushes cash flow far into the future,” Bespoke Investment Group said of tech stocks in a Monday note.

For evidence, the firm highlighted the Nasdaq 100‘s more than 4% underperformance versus the Russell 2000 index of small-cap stocks over the past two days.

Tesla shares fell 5% as much as 9% on Tuesday following a similarly-sized drop the prior day. The stock has been under pressure since the company stopped orders for the lowest-priced version of its Model Y SUV over the weekend.

Prior to the two-day dip, Nio’s stock price had been climbing in recent months on growing interest among investors in electric vehicles and green-energy products, factors that have also contributed to the surge in shares of EV maker Tesla.

Tampa Rep. Jackie Toledo was joined by Brandon Rep. Andrew Learned on Tuesday morning to unveil bipartisan electric vehicle legislation.

Toledo and Learned, along with Rep. Rene Plasencia, are sponsoring HB 817 and HB 819, which would expand electric vehicle infrastructure in Florida. Pinellas County Sen. Jeff Brandes previously filed the Senate versions of the bills.

“This legislation will encourage local governments and municipalities to adopt and invest in electric vehicle infrastructure,” Toledo said. 

The bills would develop an electric vehicle infrastructure grant initiative to allow local municipalities to apply for a matching program, depending on their funding needs, Toledo said.

The match program includes a 30% match for technical assistance, a 60% match for Level 2 charging stations and a 20% match for direct current fast charging stations, she said. 

“Floridians needs confidence that they can get from point A to point B without worrying if they run out of charge for their car,” Toledo said. 

To fund the proposed electric vehicle charging station grant program, the proposal would dedicate revenue from electric vehicle registrations to install additional charging stations.

“Electric vehicles are our future, and we need to get ready for it,” Learned said. “Not only is this a forward-thinking approach, will help us kickstart charging infrastructure across the state and move us to adopt this green technology sooner, but it will help us invest in transportation for years to come.”

The bill would also require FDOT to review emerging technology research and its own policies related to electric vehicle infrastructure and standards and then publish best policies.

“What we have fundamentally here is a chicken and the egg situation,” Learned said. “When it comes to investing in electric infrastructure, there’s not enough cars to warrant expensive infrastructure investment, and drivers are hesitant to invest in the electric vehicles without robust charging infrastructure that will get them where they want to go — and what HB 817 and 819 does, is, it changes that.”

The Representatives spoke in front of the Cumberland Garage at Water Street Tampa, a development project in Tampa’s Channelside district.

Toledo highlighted project real estate development firm Strategic Property Partners is installing 32 new charging stations in the garage, bringing the grand total to 144 charging stations in the Water Street project. 

“By utilizing innovative technologies and resilient infrastructure, Water Street will be the leader for other cities to follow in a post pandemic world,” Toledo said.

The House bills have each been assigned three committees, the first being Tourism, Infrastructure and Energy Subcommittee. The matching Senate bills have also been given committee assignments, but have yet to be heard. However, with the clear bipartisan support for the proposals, the bills may have the backing they need to make it to the Governor’s desk. 

“We must act to ensure that the state of Florida doesn’t suffer the consequences of inaction,” Toledo said. “Sea level rise and increasingly intense storms have the potential to burden the state of Florida for generations to come. Adopting electric vehicle technologies will in turn improve air quality, reduce reliance on fossil fuels, and reduce a person’s carbon footprint.”

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MIAMI, Feb. 23, 2021 /PRNewswire/ — AllOver Media, LLC, the nation’s largest alternative Out-Of-Home advertising company, announced a long-term partnership with OBE Power to sell sponsorships on their fast-growing network of Electric Vehicle charging stations. 

“We’re proud to partner with the clean energy experts at OBE Power who are hyper focused on accelerating the national eMobility transition. The legitimacy of OBE Power is highlighted by the announcement of a multiphase EV charging agreement with Miami-Dade County that encompasses up to 4,000 County owned facilities. By starting with the sustainable urban lifestyle scene in South Florida, we can focus on engaging the public with EV charging by combining sponsorships, technology, and art. Our strategy is to leverage the global art scene in Miami along with climate change nonprofits like ‘Before It’s Too Late’ as a platform for marketers to associate their brands with authentic environmental and EV efforts,” said Jeff Griffing, CEO of AllOver Media. 

“As organizations make commitments to sustainability, OBE Power’s position as an EV Urban Lifestyle Charging as a Service company will serve the growing demand well. We’re excited about our technology and our exclusive partnership with the media experts at AllOver Media, which gives us the necessary platform to continue to expand our advertising network nationwide,” said LatinX founders Alejandro Burgana and Luis Paul.

ABOUT OBE POWER
OBE Power, founded in 2017 and headquartered in Miami, FL. is an Electric Vehicle Charging as a Service company. With OBE Power, multi-family residents, corporate and government employees, college students, and consumers just enjoying the city can charge their electric vehicles wherever they work, live, and play. The user-friendly OBE Power app and web portal tracks vehicle usage and reports on environmental benefits in real time, making OBE Power locations convenient, fun, and impactful. 

For more information visit the OBE Power website at www.OBEPOWER.com. 

ABOUT ALLOVER MEDIA
AllOver Media, founded in 2002, is headquartered in Minneapolis, MN. and is the largest alternative Out-Of-Home advertising platform in the U.S. AllOver Media provides a diverse portfolio of corporate and government marketers the ability to post their brand messages on exclusive and clever media formats, including gas pump advertising, mobile billboards, convenience store advertising, restaurant/bar ads, ski resorts advertising, digital truck advertising, “Wallscape” advertising, youth sports fields, and EV charging stations. AOM is the only alternative out-of-home advertising company that can provide ad placements in every market in the country. 

For more information visit the AOM website at www.allovermedia.com

Media Contact:
Erica Juhl
[email protected] 
763-762-2000

SOURCE AllOver Media

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Major electric vehicle announcements by President Joe Biden and General Motors are being hailed as a turning point in the transition to widespread EV production and deployment in America. This matters greatly, because this crucial technology can both jump-start U.S. manufacturing to ease the economic and jobs crisis, and rapidly reduce emissions that cause climate change. 

But there are still serious barriers to EVs. By far the biggest is the lack of American consumer demand for electric vehicles.   

EVs, including plug-in electric hybrids, accounted for less than 2% of new U.S. vehicles sold in 2019.

This number is far lower than in other major markets, especially China, which has triple U.S. production and deployment volume.

Just as worrisome, only 14% of Americans say they are considering buying an EV, compared with 73% of Chinese motorists.