EVSE Market to Grow to $5.8 Billion Annually by 2022

MAR 11 2014 BY ERIC LOVEDAY 12

New Ford EVSE Equipment As Provided By AeroVironment

Ford EVSE Equipment As Provided By AeroVironment

According to Navigant Research, expanding sales of plug-in vehicles means that there will be a boom in the electric vehicle supply equipment (EVSE) market too.

More EVSEs

More EVSEs

As Navigant predicts, growth in the EVSE market is “expected to accelerate over the next several years.”

Of course it will, but by how much?  According to Navigant:

“…worldwide revenue from EVSE sales will grow from $567 million annually in 2013 to $5.8 billion in 2022.”

So, like tenfold in 9 years’ time.

Navigant adds:

“The EVSE market is divided between residential (intended for use by a single person or family) and commercial equipment, which includes workplace, public, and private facilities. The market will see higher demand for residential units than for commercial units through 2014, according to the report, as early PEV buyers are more likely to own their own homes. As the PEV market grows, it will reach a broader base of consumers living in multi-family dwellings, leading to greater growth in the sales of commercial EVSE for private use.”

Source: Navigant Research

Categories: Charging

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12 Comments on "EVSE Market to Grow to $5.8 Billion Annually by 2022"

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oh Navigant… if I ever want a bit of rosy outlook, I definitely know where to go 🙂

So according to Navigant Research, the continued growth in charging equipment will be for home charging, as it is now.

Which makes sense, as over 80% of charging is done at home now, and as EV range expands to 120-160-200 miles, and charging time increases, there will be even less of a curiosity/desire to charge away from home on a daily or weekly basis.

Home….where charging is more convenient, cheaper and there are no lines, no waiting, and your EV is fully charged, ready to go when you are.

Yes. That is the main reason I think it will occur more quickly than many believe. It, being, the changeover to electrification of the automobile market. You already have a good deal of he infrastructure built.

The public infrastructure in DF/W seems to have come to a near standstill.

I wonder if the lack of a 30% tax credit has dampened NON-Cadillac (where they install one for you for free) sales?

I’ve been thinking of buying an L2 EVSE for my Volt (Clipper Creek probably) even though I don’t really need it. It will mainly be for my next car that will probably be a pure EV (Model E perhaps). In the mean-time, I could charge my 2013 Volt faster and without needing to toggle the stupid charge-rate setting every time.

Most EVSEs are around $600, which seems a bit pricey for what is basically a heavy duty cord and some relays. I wish I knew if the prices on these things were about to drop … say in half as EVs become more popular.

Bosch has one for around $468 on eBay.

Thanks. Saw it on Amazon.com also. The Bosch specs and pricing seem great, but some bloggers have really been hammering its reliability. Such criticism could be fake, so it’s difficult to know who to trust.

We go the clipper creek (LCS-25P) for our Volt, and it’s well built and a great value. However, if I were to buy one NOW, I might spring the extra for the new Aerovironment one that does 110 AND 220 in the same (small) adapter, thus better for travel when borrowing 220 dryer power from friends and relatives on trips.

I certainly wouldn’t buy if I were you if the goal is for the Tesla model E. By that time, prices will be lower and specs higher!

There are some open source ones that you can build. If you look at the price of all the components, it still comes out to several hundred dollars. Most of the cost is in the cord that goes from the box to the car. Copper is not cheap, and carrying 30 amps for several hours requires thick wires. You also need to have a plug that is built to tight tolerances and will last through several thousand plug-in cycles. The cords are also built to be used outside in all sorts of weather (rain, snow, 110F and sunny). In principal, you can use a cheaper cord if it is only for use in a semi-conditioned garage and you will always be careful about how it is used and stored (always coil it nicely, never pull on it, never put heavy/sharp items on top of it, etc.).

Home Charging is where most of the Energy gets put in the vehicles, Off Peak when there is excess and prices are lower so utilities don’t have to dump the extra. They can’t ramp down COAL, Nuclear or even Hydro.

Automakers will even include a 120/240 cord set with each new plugin vehicle. Both FORD and Nissan are looking at this. I upgraded my LEAF cord to do both at EVSEupgrade.com so it’s easy and portable.

V2G Vehicle to GRID is the next big step as well as more Solar PV and Wind along with Geo-Thermal from homes.

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