Powering the future of electric vehicles: The global charging imperative
30th November 2023 10:30 AM
Powering the future of electric vehicles: The global charging imperative features insights from over 100 senior executives connected to the electric vehicle (EV) industry. The report is intended to capture the evolving sentiments around and expectations for the EV and charging infrastructure sectors.
Key findings include:
- Nearly all respondents (92%) anticipate increased investor appetite for EV charging infrastructure in the next 12 months, with a third expecting significant growth.
- Europe is expected to attract the largest share of EV and related infrastructure investment (42%), followed by North America (35%) and APAC (23%). This despite the fact that the European market remains relatively modest compared to other geographies and some of the aggressive policy interventions, such as in the US, suggesting that Europe is perceived to be a relatively mature market, at least in the short to medium term.
- The main investment risks are operational and maintenance costs (46%) and high upfront financial investment (44%) reflecting that much of the charging infrastructure space is a consumer-facing business which requires users not only to buy an EV but also to have confidence that public charging infrastructure is working and available for use.