Europe Electric Vehicle Charging Station Market in terms of volume is expected to reach 3.2 million by 2025 driven immensely by high EV uptake and supportive governmental policies in countries such as the Netherlands, Norway and Sweden

Europe electric vehicle charging outlets market report, published by UnivDatos Market Insights (UMI), forecasts the number of EV charging outlets to reach 3.20 million by 2025 showcasing a remarkable CAGR during the forecast period (2018-2025). Enormously high EV adoption paired with governmental support through policies, incentives, subsidies and investments are attributed to be the primary factors driving the installation of EV charging outlets in Europe. For instance, in Norway, the electric car buyers are exempted from any purchase tax or VAT on purchase of EV. Further, NOK 455 is the annual tax on road for BEV & PHEV and only 50% company tax is levied on EV or PHEV purchase. In addition to this, public parking is free in most of the electric car owners in the European region. One who owns electric vehicle is exempted from toll and ferry fee. All these factors accumulate to drive the increased adoption of electric vehicles in the European region, which would drive the EV charging outlets infrastructure market.

European EV charging outlets market is categorised under four different categories including charger by deployment type, charger type, level of charging and mode of charging. The market segmentation adopted in the report majorly talks about the EV chargers on the basis of charging time, location, power or voltage requirement and technology used for charger. By deployment type, the EV charging outlets market is bifurcated into public and private charging outlets. Private EV charging outlets include chargers at home, commercial building, shopping malls and other private parking spaces. Public chargers on the other side are getting high importance as the legislative bodies have agreed that the green mobility is possible only with the sufficient availability of the charging systems at public locations. Owing to this, the central and local governments are investing and partnering with equipment suppliers and automotive OEMs to increase the installation base of publically available EV charging outlets in the European countries. As a result of which, the number of public EV charging outlets is expected to grow at a CAGR of 24.6% during the forecast period.

Browse Complete Summary of This Report - https://univdatos.com/report/europe-electric-vehicle-charging-outlets-market-insights-and-forecast-2018-2024

In addition to this, the time taken to charge a fully depleted EV battery is different for chargers at private and public locations. Based on which, EV charging outlets are segmented as slow and fast chargers. In spite of the long charging time, slow chargers are the preferred charging units in the EV industry due to the convenience and low cost. On the other side, in the past few years, fast chargers have also gained popularity due to lesser charging time. Hence, local governments have set targets to increase the fast chargers in the coming years. For instance, in January 2013, Estonia targeted to deploy world’s first nationwide network of 165 quick charging stations.

Based on the electrical specifications, these chargers are further segmented into level 1, level 2 and level 3 chargers. According to the European standards, for instance, Level 1 chargers require a power level of up-to 4.6 kW, level 2 chargers require a power level of up-to 44 kW while level 3 chargers which falls under fast chargers require 50-150 kW power level. Level 3 chargers take very less charging time i.e., approximately 20 to 30 minutes to charge an EV battery. Level 2 chargers dominated the market in 2017 and is anticipated to continue their dominance during the forecast period due to their low cost compared to level 3 chargers.  They charge the EV much faster than Level 1 chargers.

Across different mode of charging, EV charging outlets are divided into plug-in and wireless chargers. At present, plug-in chargers hold major share and are expected to maintain its dominance during the forecast period. Plug-in chargers also come with some incentive schemes in Europe. For instance, in April 2016, German government introduced an incentive scheme to promote plug-in EV by approving US $1.13 billion. However, by 2025, wireless technology is expected to capture 13.5% share of the total European market.

Additionally, for better understanding of Europe EV charging outlets market, the report is segmented  across distinct countries including France, Germany,  the Netherlands, Norway, Portugal, Sweden the U.K and the Rest of Europe. Owing to substantial packages of government’s incentives and policies paired with high EV uptake in Europe, demand of EV charging outlets will increase across the entire region. However, Germany is expected to witness the highest CAGR during the analysed period.

Some of the major players operating in the European EV charging outlets market include Siemens AG, ChargePoint Inc., Robert Bosch GmbH, EVBox, ABB Limited, Fortum OYJ, Continental AG, Schneider Electric SE, Tesla Inc. and The New Motion BV. These companies are entering into several strategic partnerships, merger-acquisitions, joint-ventures, product launches and business expansions to strengthen their position in the EV charging outlets market in Europe. In addition, Power utilities, tech start-ups and oil majors are all fighting to establish themselves as the dominant players in the fast-growing business in Europe. For the same, EDF announced its plan to target a 30% market share in electric vehicle charging in France, Belgium, Italy and the United Kingdom, aiming to supply power for 600,000 electric vehicles by 2022.

Market Segmentation

Market Insights by Deployment Type

  • Public
  • Private

Market Insights by Charger Type

  • Slow
  • Fast

Market Insights by Level of Charging

  • Level 1
  • Level 2
  • Level 3

Market Insights by Mode of Charging

  • Plug-in
  • Wireless

Market Insights by Country

  • France  
  • Germany  
  • The Netherlands
  • Norway  
  • Portugal
  • Sweden
  • The U.K.
  • Rest of Europe

Top Companies Profiled

  • Siemens AG 
  • ChargePoint Inc.
  • Robert Bosch GmbH 
  • EVBox 
  • ABB Limited 
  • Fortum OYJ 
  • Continental AG 
  • Schneider Electric SE 
  • Tesla Inc.
  • The New Motion BV