See below for our EV Charging Speed Tracker, December 2021. As you will see, this features developments from across the EV & Charging market, and draws on data from our EV Charging Monthly Assessment.
The EV Charging Assessment provides a breakdown of global and regional charging capacity, as well as the charging speeds and energy requirements of new vehicles sold and the EV fleet. Click here to request a demo.
- Tritium completed its IPO process via SPAC merger in mid-January. Capital raised is expected to be used in its capacity expansion.
- ABB increased its stake in Chinese EV charging provider Chargedot from 67% to 80% as part of ABB’s E-mobility growth strategy.
- Daimler Truck (DTNA), NextEra Energy Resources and BlackRock Renewable Power (BlackRock) signed an MOU to form a JV to develop EV charging networks for medium- and heavy-duty BEV and hydrogen fuel cell vehicles in the US.
EV Charging Speed Tracker – what does it tell us?
The sales weighted average maximum BEV charging capability increased to 100kW in December up from 96kW in November. 278,000 BEVs sold were capable of charging at over 100kW, compared to 197,000 units in November. EV charging points installed in major demand markets, Europe, China, and North America, reached 1.6 million in 2021, 70% of which was taken up by China. The share of slow chargers installed (<=22kW) amounted to over 65%, while fast chargers (>22kW) took the rest.
Why do we track EV charging speed?
From 2018 to early 2020, the global average maximum BEV charging speed had been around 80kW with little variation, since then, the global average has been steadily rising. Tracking the maximum EV charging speed provides an insight to infrastructure requirements based on vehicle capability. The success of the Tesla Model Y with a 250kW maximum charging speed and the introduction of volume segment on dedicated EV platforms can account for this increase. As more and more OEMs roll out EVs on dedicated platforms there will be a rise in EV charging speed. Our speed tracker is based on monthly vehicle sales and our model-by-model analysis of vehicle charging capability
EV charging speed is just one element of the broader EV charging and infrastructure markets that we track. With the monthly assessment also providing monthly regional updates on infrastructure for both public and private charging.
Who benefits from understanding EV charging and infrastructure market dynamics?
OEMs, charging networks, charging solution providers, investment banks and other businesses with an interest in the EV markets benefit from the analysis provided in our EV charging reports. Those operating in the demand side gain informed insights into the development and scale of the EV charging technologies that are required. Meanwhile those on the supply side, gain an understanding of the current state of charging and regional trends from our monthly updates on the scale of the public and residential charging network.
How do we track the EV charging and infrastructure markets?
EV charging speed is just one of the many market-shaping factors that we track to provide in-depth analysis and long-term forecasts. Our forecasts are based on robust and informed methodologies looking at the requirement of chargers per vehicle on a country-by-country basis. We track BEV and PHEV fleet forecasts (from our EV & Battery Quarterly Outlook), EV charging unit requirement, EV charging market technology development, EV charging market technology cost development, driving behaviour and EV ownership demographics by country, private and public investment by country, and legislation and national targets by country.
For each vehicle model we collect data relating to maximum AC and DC charging capabilities, plug type(s), battery pack size, and battery chemistry in addition to a number of other vehicle metrics.
To produce our EV Charging Monthly Assessment, EV sales data is collected on a model-by-model basis from automotive associations, OEMs and data providers at country level for both BEV and PHEC vehicles for major markets. This analysis covers a minimum of 95% of total global market sales and provides a balanced representation of markets with different vehicle characteristics, suppliers and seasonality.
How could our data help you?
Access to the in-depth analysis that we provide, enables our clients to gain a thorough understanding of the EV charging market, form robust strategies, create future-proof plans and stay up-to-date with key market developments.
Our Global EV Charging Outlook is an essential tool for tracking the development of EV charging technologies and infrastructure roll-out by country or region. It provides long-term forecasts by country or region including:
BEV and PHEV Sales Forecast, (2018 – 2030), BEV and PHEV fleet forecast, (2018 – 2030), EV charging units in operation by technology forecast, (2019 – 2030), EV charging technology capex outlook and EV charging market value by technology, forecast (2018 – 2030).
The EV Charging Monthly Assessment provides an assessment of global and regional charging capabilities and energy requirements of both new vehicles sold and the EV fleet, based on the analysis of monthly BEV and PHEV sales by model, charging capacity by model, regional EV fleet assessment by charging capacity and sales weighted pack sizes. The report also covers the infrastructure side of the charging market, tracking the public and private charging infrastructure at a regional level.
Rho Motion’s EV Market Reports
To find out more about our EV charging and infrastructure reports, click on the links below or contact us on +44 (0) 203 960 9986. Alternatively complete the form below and we will be in touch.
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