Navigant Releases EV Charging Network Leaderboard: The New Motion, ChargePoint Lead
Navigant Research has released its latest leaderboard report for public EV charging networks, evaluating the strategy and execution for 12 companies.
As charging providers don’t have easy task, or clear path, to profitability, there are always big changes on the market, with some companies fading away and/or being acquired.
One thing is for sure looking at the graph, things are not looking so good for the beleaguered owner of the Bl!nk network – CarChargingGroup, who is currently losing almost $4 of every $1 dollar it earns.
Top 10 leaders according to Navigant are:
- The New Motion
- Chargemaster Plc
- innogy SE
- CLEVER A/S
- POD Point
On the “win” for The New Motion, Sander can der Veen (The New Motion UK Country Manager) provided InsideEVs a statement:
“We’re very excited to be named by Navigant Research as the global leader in EV charging. It’s a huge accolade for us to be recognised as being at the forefront of the EV charging revolution. We’ve had a very exciting year, growing throughout Europe as well as continuously improving and expanding our product offering. We’re so pleased to see the market respond well to what we do and we have even more ambitious plans for 2017.”
Navigant on the rankings:
“The commercial charging market has attracted a wide variety of vendors offering a range of solutions. Five years ago, there was a glut of players targeting this market. The landscape has since changed, with some large companies dropping out and smaller ones closing their doors or merging. At the same time, the commercial charging market itself is evolving. In some markets, governments and utilities are shifting focus from public charging to multi-unit dwelling and workplace charging access. The introduction of long-range battery EVs (BEVs) is prompting interest in fast chargers, with automakers committing to major investments. Charging companies will need to be able to take advantage of these trends. They also need to prepare for a time when the market must be self-sustaining, with a clear business model to support commercial charging services.
This Navigant Research Leaderboard Report examines the strategy and execution of 12 leading providers of public charging networks and EV charging services in major PEV markets. These suppliers are rated on 10 criteria: vision; go-to-market strategy; partners; product strategy; geographic strategy; market presence; marketing and distribution; product performance and reliability; product and service capabilities; and staying power. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the current commercial charging services market.”
source: Navigant Research