By 2030, there will be 40 million EV charging infrastructures worldwide

In its latest report, GTM Research estimates that electric vehicles will account for 11% of total new car sales by 2030, up from around
3% today.
By contrast, Bloomberg New Energy Finance said earlier this year that electric vehicles expect electric vehicles to account for 28%
of all new car sales by 2030.

Charging infrastructure

As the EV market grows, so does the EV charging infrastructure market
.
According to GTM Research, the global EV charging infrastructure will reach 40 million charging points
by 2030.
As a result of this large-scale infrastructure development, a range of stakeholders in the energy and grid operations business are collaborating and developing new business models to participate in this growing market
.

Timotej Gavrilovic, lead author of the report, commented: "The EV charging infrastructure ecosystem is very complex, and most projects require strong partnerships between public and private stakeholders to deploy the necessary infrastructure
.
”

EV charging infrastructure is becoming an important business for many players along the value chain, and it has not yet been determined who will be involved or occupy the most important part
.
The surplus of charging business models keeps the market highly competitive and extremely dynamic
.

Annual market turnover for North American energy and grid services is expected to increase to $13 billion
in 2030.
This development is caused by different market models, such as energy clouds or vehicle-to-grid solutions
.
At the same time, the EV charging infrastructure market is opening up another market
for equipment, installation, analytics, and operational services.
Over the next two years, GTM Research predicts that the North American charging infrastructure market will grow to $2.
7 billion and reach $18.
6 billion by 2030.

An additional 12 million residential charging points
will be installed in North America alone by 2030, the report said.
Meanwhile, in the European market, 9 million charging points will be installed in
private homes.
In terms of public charging infrastructure, GTM Research estimates that 1.
6 million will be installed in Europe and about 1.
2 million
in North America.

inverter

For the residential charger market, a range of inverter suppliers have combined their portfolio of equipped EV charging devices with solar inverters
.

Many inverter suppliers are ready to offer EV chargers to meet this market
.
At the same time, there are countless storage system providers and municipal utilities that have established business models
for EV charging stations.
Such a product would allow customers to feed solar power from residential rooftops into the grid, and use solar energy previously fed into the grid at public charging points to pay for
electric vehicle charging.

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