More than 48,000 Public Charging Stations for Electric Vehicles Have Been Deployed Worldwide, According to New Navigant Research Tracker
BOULDER, Colo.--(BUSINESS WIRE)-- Over the last two years, growing sales of plug-in electric vehicles (PEVs) have fueled a burst of activity in electric vehicle supply equipment (EVSE) infrastructure development. To realize the economic and environmental benefits of electrified transportation, national and local governments across the globe are backing deployments of PEV charging stations in an effort to increase consumer interest in PEVs. According to a new tracker report from Navigant Research, there are currently 48,705 public charging stations around the world.
"Numerous companies offering various technologies and business models have emerged to take advantage of the large public investments in this emerging industry," says Lisa Jerram, senior research analyst with Navigant Research. "There has also been enormous private investment in EV infrastructure as these companies respond to and anticipate growing demand. As the market for PEVs grows, and government support for charging infrastructure tapers off, the EVSE industry will become more dependent on private investment to expand."
Public networks of charging stations for electric vehicles are spread among those operated by manufacturers, utilities, and third-party service providers. Charging stations also vary widely from country to country in terms of size, number of units, and configuration, while charging systems encompass AC and DC technology, as well as battery-swap modes. The wide range of ownership and operating models reflects the lack of clarity within the EVSE industry as to the best business models for public charging, according to the report. Companies in this sector are still figuring out how much customers are willing to pay for charging, and what return on investment station hosts should expect.
The report, "Electric Vehicle Supply Equipment Tracker 1Q13", surveys more than 150 key players in the EVSE industry and tracks the total number of publicly accessible EVSE units, segmented by region and technology, with an additional focus on all commercial EVSE installed in the United States, both public and private. In addition, the report examines EVSE technologies, business models, and market barriers on a regional basis. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant (NYS: NCI) is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, "Electric Vehicle Supply Equipment Tracker 1Q13," is a summary and reflects Navigant Research's current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
KEYWORDS: United States North America Colorado
The article More than 48,000 Public Charging Stations for Electric Vehicles Have Been Deployed Worldwide, According to New Navigant Research Tracker originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.