Statistics and Trends in EV Adoption and Charging Station Growth

• Growth in EV Sales: The global EV market is booming, with electric vehicles expected to make up to 86% of global vehicle sales by 2030. This surge in sales necessitates a corresponding increase in charging infrastructure. Europe, for instance, saw significant growth, with Norway achieving a 20% share of all cars being fully electric, and other countries like Germany and the Netherlands also showing substantial increases.

• Expansion of Charging Stations: The number of EV charging stations has more than doubled since 2020. Europe alone experienced a 360% increase in charge points from 2020 to 2023. Fast chargers 22 kW to 150 kW are on the rise, reflecting the need for quicker and more efficient charging solutions.

• Government Initiatives: Various governments are introducing policies and incentives to promote the installation of EV charging stations. For example, the EUʼs Alternative Fuels Infrastructure Regulation AFIR mandates fast charging stations to be placed every 60 km on major transport routes, and countries like the US have boosted investments through acts like the 2021 Infrastructure Investment and Jobs Act and the 2022 Inflation Reduction Act.