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The potential space for charging infrastructure is huge

Charging piles are an indispensable part of the rapid development of new energy vehicles. Charging piles are facilities designed for charging new energy vehicles, similar to petrol piles' fuel equipment. They are installed in public buildings, residential area parking lots, or charging piles and can charge various models of electric vehicles according to different voltage levels.

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By 2021, there were nearly 1.8 million public charging piles worldwide, with a year-on-year growth of about 40%, of which approximately one-third were fast charging piles. China is the largest market for new energy vehicles globally, with a dense population. With the support of policies, China has actively developed charging infrastructure. Therefore, the majority of charging piles worldwide are located in China, with over 40% of them being fast charging piles, far surpassing other regions. Europe ranks second in terms of the number of charging piles, with over 300,000 slow charging piles and nearly 50,000 fast charging piles in 2021, a 30% year-on-year growth. The United States had 92,000 slow charging piles in 2021, with a modest 12% year-on-year growth, making it the slowest-growing market. There were only 22,000 fast charging piles, of which nearly 60% were Tesla Supercharger piles.

From 2015 to 2021, China, South Korea, and the Netherlands had a relatively stable ratio of electric vehicles to charging points, with fewer than 10 vehicles per charging point. This reflects the matching deployment of charging infrastructure with the growth rate of electric vehicle inventories. In contrast, the number of new energy vehicles in the United States and Norway grew significantly faster than the increase in public charging piles. In most countries, as the proportion of electric vehicles increases, the ratio of vehicles to charging points also rises.Charging piles are expected to experience rapid growth over the next decade. According to the International Energy Agency, to achieve the targeted growth of electric vehicles, global charging infrastructure needs to increase by more than 12 times by 2030, with over 22 million charging piles for electric light-duty vehicles needing to be installed annually.

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Post time: Jul-14-2023