Charging Infrastructure in Europe to Grow by Leaps and Bounds to 3.1 Million Public Chargers by 2019
Ready for more future predictions?
Frost & Sullivan’s latest forward-looking plug-in vehicle report, titled “Strategic Technology and Market Analysis of Electric Vehicle Charging Infrastructure in Europe,” focuses mainly on public charging station growth.
The research firms says that Europe had only 7,250 public charging stations in 2012, but claims that figure will rise to a rather astonishing 3.1 million by 2019.
Furthermore, Frost & Sullivan suggests that the number of public chargers in Europe will rise at a compound annual growth rate (CAGR) of 113.3 percent from 2012 to 2019.
France, Germany, Norway and the United Kingdom will lead all other European nations in the number of public chargers over the next 6 years.
Here’s some more info from the research gurus:
“Frost & Sullivan research indicates that over 3.1 million charging stations are likely to be installed across Europe by 2019. Mode 2 (Level 2) charging is expected to account for over 64 per cent of the market share as nearly 83 per cent of charging is expected to happen in residences or in a location where the vehicle will be parked for 8-10 hours daily.”
Frost & Sullivan does say that Mode 3 (Level 3) charging will be “popular in public locations,” but those units certainly won’t outnumber the Level 2s.