EV Charging Solutions

EV charging is one of the fastest-growing subsegments in the automotive industry, with the charging infrastructure market in Europe alone forecast to grow at a compound annual growth rate (CAGR) of more than 30% between now and 2030.

While sales of electric vehicles continue to soar across the world, the corresponding number of charging points is lagging behind, leaving consumers and car manufacturers in urgent need of more. In the UK alone, the Policy Exchange think-tank predicts a need for over 400,000 charging points, where there are currently only 65,000. With this anticipated level of demand comes a need for cost effective, durable solutions, that offer both speed and flexibility.

Fast chargers are currently in the spotlight, with the EU’s Alternative Fuels Infrastructure Regulation (AFIR) requiring public fast chargers to be available every 60km along the Trans-European Transport Network: the region’s main transport corridor.

Governments are backing these ambitions with hard cash, with Germany planning to invest €3 billion by 2030 into the extension of the public charging network and the UK government recently announcing plans to grow the number of charge points to reach 300,000 over the same period, at an estimated additional cost of £1.6 billion

This is all great news for players in the electric vehicle supply equipment (EVSE) market, especially when you consider the EU’s target equates to around 6 million additional chargers by 2030.

EV Charging Applications we Support