Charging Electric Vehicles – Forecast

Introduction

In recent years, electric vehicles have started to gain popularity in many countries. The EV market is expected to grow as more people become environmentally conscious and governments around the world begin mandating stricter emissions standards for automobiles. As a result of these factors, it is important to understand how charging electric vehicles will impact the future of energy consumption and infrastructure development.

EV Sales

In the next five years, we can expect to see a number of electric vehicles sold. In 2020, it’s expected that there will be more than 10 million EVs on the road globally. That number will increase to 13 million in 2022 and then 16 million in 2025 before reaching 20 million by 2030.

EV Charging Infrastructure

Electric vehicle (EV) charging infrastructure is a critical piece of the EV puzzle. Without sufficient chargers, consumers will not be able to fully charge their vehicles when needed.

The cost of installing an electric vehicle charging station can vary significantly depending on its location and features. For example, fixed public chargers may cost up to $10,000 per unit while mobile units that travel with fleets cost closer to $3,000 each.

A significant number of charging stations are needed to support electric vehicles.

The number of charging stations needed will increase as more electric vehicles are sold, and the number of vehicles on the road increases.

The number of charging stations required to support a certain number of EVs is dependent on several factors, including:

• The average distance that people drive per day (the average distance traveled by each vehicle)
• How long it takes to charge an EV (the average recharge time)

Conclusion

The EV market is growing, and so is its need for charging stations. The number of EVs on the road will continue to increase as automakers introduce more models and consumers become more comfortable with these vehicles. As this trend continues, there will be an increasing demand for charging stations across all regions of the world.

In order to meet this demand, businesses must invest in new infrastructure or upgrade existing facilities so they can handle increased load demands from customers while maintaining efficiency levels within their budget constraints.