Navigant Predicts $80 Billion Will Be Spent On Global EV Charging Infrastructure By 2025

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GRA

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Via IEVS: https://insideevs.com/navigant-pred...on-global-ev-charging-infrastructure-by-2025/

. . . With the charging capacity to reach 230 GW – which honestly isn’t a number we can mentally put into prospective.

Navigant also finds that in the next 3 to 5 years governments, utilities, and automakers are likely to play an outversized role in the growth of electric vehicle charging installations.

  • “According to the report, stakeholders with the ability to fund large-scale deployments—such as governments, utilities, and automakers—will continue to play an outsized role in the growth of EV charging installations during the next 3-5 years. After that period, the market is expected to reach a more truly demand-driven status, as the growing PEV population drives interest in a range of charging options.”
Sales of EV supply equipment (EVSE) for light, medium, and heavy duty plug-ins is expected to increase from around 875,000 sales in 2017 to over 6 million in 2026. . . .
In other words, public charging remains unprofitable, and will require subsidies for some years yet. Not exactly news, just confirms the obvious.
 
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