EV Charging Stations to Total 5 Million+ by 2015
BOULDER, CO – By 2015, the globally-installed base of charge points for plug-in hybrids and other electric vehicles will surpass 5 million with cumulative equipment revenues of $6.5 billion, according to a new report from Pike Research.
"While electric vehicles will be primarily charged at home, a strong funding push by governments will mean that more than half of all charge points will be public charging stations by 2015," says industry analyst John Gartner. "Retailers will also install public access stations primarily as a marketing tool, and many companies will also offer workplace charging stations for their employees."
Pike Research forecasts China as the world leader in charging stations, representing nearly half the total market, due to a strong government mandate to encourage adoption of electric vehicles. The United States will be the second-largest market with more than one million charge points installed by 2015. Other hotbeds for EV charging infrastructure will include Israel and Denmark.
The added demand for electricity will have little overall impact on grid reliability, but could diminish performance and accelerate capacity upgrades in neighborhoods with the highest EV concentrations, including faster utility adoption of smart grid technologies, according to the research firm.
Pike Research's report, "Electric Vehicles on the Grid", examines the many open questions surrounding business models and technology issues for electric vehicle charging infrastructure. It analyzes and forecasts the market for residential, public, private, and workplace charging stations through 2015 as well as examining impacts of EVs on grid infrastructure. The report includes analysis of market drivers and barriers, along with profiles of key industry players. An executive summary of the report is available for free download at www.pikeresearch.com.