(Sourced from Reuters, June 15, 2020) - The number of publicly accessible charging points for electric vehicles (EV) jumped 60% in 2019, the biggest increase in three years and outpacing sales of battery-powered cars, according to the International Energy Agency (IEA).
In its annual Global EV Outlook, the IEA said the number of public slow and fast charging spots reached 862,118 globally, with China, the world’s largest car market, taking a 60% share.
Fast chargers accounted for 31% of the total. The IEA defines slow charging as providing power of up to 22 kilowatts (kW), taking hours to charge a vehicle battery. Fast chargers, including Tesla’s (TSLA.O) superchargers, can take minutes.
“China continues to lead in the rollout of publicly accessible chargers, particularly fast chargers, which are suited to its dense urban areas with less opportunity for private charging at home,” the report said.
Banking & Auto Financing, Financial Services
A NHADA Silver PARTNER
Legal Services
A NHADA Gold PARTNER
Environmental Services, Janitorial and Cleaning Products
A NHADA Silver PARTNER
Legal Services
A NHADA Silver PARTNER
Automotive Shop Equipment, Automotive Parts
A NHADA Silver PARTNER
Dealer Management System, Computer Technology, Media/Advertising, Automotive Auction, F & I/Aftermarket Products, Automotive Technology Training & Compliance
A NHADA Gold PARTNER
Banking & Auto Financing, Financial Services
A NHADA Gold PARTNER
Employee Benefits, Insurance
A NHADA Gold PARTNER
CPAs, Financial Services
A NHADA Gold PARTNER
Computer Technology, Automotive Shop Equipment, Environmental Services
A NHADA Platinum PARTNER
Janitorial and Cleaning Products, Office Supplies
A NHADA Gold PARTNER
Marketing And Technology
A NHADA Gold PARTNER
Media/Advertising, Marketing And Technology
A NHADA Platinum PARTNER
CPAs, Financial Services
A NHADA Silver PARTNER
Banking & Auto Financing
.png?width=150&name=Ally_Final%20Logos%20and%20Pairings_11.14.2018-01%20(2).png)
A NHADA Silver PARTNER
Employee Benefits, Insurance
A NHADA Silver PARTNER
Banking & Auto Financing, Financial Services
A NHADA Silver PARTNER
CPAs, Financial Services
-2.png?width=150&name=Wipfli%20Logo%20Blue%20RGB%20(1)-2.png)
A NHADA Silver PARTNER
CPAs, Financial Services
A NHADA Gold PARTNER
Legal Services
A NHADA Silver PARTNER
Employee Benefits, Insurance
.jpg?width=150&name=NHADA_Partner_FTR_Img_NHADA_Insurance%20(1).jpg)
A NHADA Platinum PARTNER
Apparel & Promotional Products, Business Forms
A NHADA Platinum PARTNER
Employee Benefits, Insurance, Occupational Healthcare
A NHADA Platinum PARTNER
F & I/Aftermarket Products
.jpg?width=150&name=NHADA_Partner_FTR_Img_JMA(1).jpg)
A NHADA Silver PARTNER
F & I/Aftermarket Products, Automotive Technology Training & Compliance, Environmental Services
.png?width=150&name=corp_logo_horz_on_light_with_trademark_symbol_1200w%20(002).png)
A NHADA Diamond PARTNER
Legal Services
A NHADA Silver PARTNER
Automotive Auction
A NHADA Gold PARTNER
Credit & Debit Card Processing, Financial Services
A NHADA Diamond PARTNER
The increase reflects efforts to build critical infrastructure ahead of an expected boom in EV sales, which accounted for just 1% of global car stock last year, according to the IEA.
While most EV charging takes place at home or at work, the rollout of public infrastructure is key to convincing prospective buyers that there is no risk of them getting stranded on an empty battery.
As part of its economic stimulus plan, Germany announced earlier this month that it would provide 500 million euros ($563 million) to support the rollout of private charge points, of which there are 6.5 million worldwide.
- “I view this as an organic step in the right direction, but not a revolution with big winners or losers,” said Thomas Daiber, founder of e-mobility advisory firm Cosmic Cat, of the German plan.
As well as Tesla, charge point providers include Anglo-Dutch group Shell (RDSa.L), France’s Engie (ENGIE.PA), Germany’s E.ON (EONGn.DE), Volkswagen (VOWG_p.DE) and ChargePoint, whose shareholders include Daimler (DAIGn.DE), BMW (BMWG.DE) and Siemens (SIEGn.DE).
