NewEnergyNews: 7X Decade Growth For Global EVs

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    Friday, July 28, 2017

    7X Decade Growth For Global EVs

    Market Data: Electric Vehicle Charging Equipment; Level 1, Level 2, DC Fast Charging, and Wireless Charging by Market Segment: Global Market Analysis and Forecasts

    2Q 2017 (Navigant Research)

    “The electrification of transportation is only just beginning, and it will eventually influence every road vehicle market. Weaning the transportation sector from oil dependence has long been a goal for many nations. Yet, the suite of alternatives has failed to make marked impacts on the global automotive market due in large part to infrastructure issues…The PEV market is entering a new phase on behalf of battery cost declines, which is being realized as longer-range PEVs are offered…[This shift will drive greater interest in EV charging overall, and it creates opportunities for] stakeholders with the ability to fund large-scale deployments—such as governments, utilities, and automakers…The market is likely to reach a more truly demand-driven status after that period. According to Navigant Research, the global market for EV supply equipment (EVSE) for light, medium, and heavy duty PEVs is expected to grow from around 875,000 sales in 2017 to over 6 million in 2026…” click here for more

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