Plug In Vehicle Chargers: 4.3 Million Installed Units by 2022; Up From Only 442,000 Today
According to Navigant Research, there’s soon to be a big boom in the amount of installed chargers found worldwide.
Today, Navigant predicts that there are roughly 442,000 plug-in vehicle chargers installed (this figure includes public, commercial and residential units).
By 2022, that 442,000-unit figure will balloon to 4.3 million. Yes…Navigant is saying that 4.3 million chargers will be installed worldwide by 2022.
As for revenue, sales of EVSEs in 2013 will generate roughly $567 million, but by 2022, that figure will soar to $5.8 billion.
For a more thorough breakdown on where all these units (public/commercial) will be installed, we turn again to Navigant, who says that Japan will be the largest market for EVSE from now through 2022. The US will be in second place for awhile, but China is expected to surpass the US in EVSE installs by as early as 2015.
If China does rise up, then it could easily surpass Japan, too. However, we don’t see that happening by 2015.