The Current State of the DC Fast-charging Market

The Current State of the DC Fast-charging Market

The global number of fast chargers increased by 330,000 last year, reaching 860.000 stations.  Fast chargers topped the market in size and value in 2022, accounting for almost 72.0% of worldwide sales.

Businesses investing in electric vehicle (EV) charging systems must understand the DC fast charging industry. This article analyses the market in detail.

Increasing charging speeds, new partnerships, smart charging development, and renewable energy integration are trends, while grid connection and government attempts to maintain interoperability and standards are difficulties.

Infrastructure for fast charging is required in the rapidly evolving world of mobility.

The provision of appropriate and quick charging infrastructure is essential for mainstream adoption as EV demand continues to grow on a global scale.

The demand for fast-charging infrastructure has never been greater than it is now as the globe transitions to electric transportation. To put it plainly: To accommodate the rising number of electric cars (EV) on the road, a widely dispersed and dependable network of public fast charging outlets is necessary. EV When opposed to AC charging, fast charging—also referred to as Level 3 charging or DC charging—offers drivers far quicker charging times. The availability of more public, and particularly rapid, charging stations eases range anxiety—the concern that a motorist could run out of power and be unable to recharge—and facilitates long-distance driving.

The public EV charging infrastructure roll-out in recent years has already contributed significantly to the adoption of electric transportation and will do so for the foreseeable future. Commercial rapid charging facilities, however, are anticipated to be crucial to the expansion of the EV sector.

The explanation for this is really straightforward: drivers will go to locations that provide quick charging for their vehicles. Additionally, studies demonstrate that drivers are prepared to pay more for speedier charging.

Infrastructure for EV Charging 2023 Current EV charger availability: how many?

There will be 2.7 million public charging stations globally by 2022, with over 900,000 constructed that year. This is 55% higher than 2021 and comparable to pre-pandemic growth.

What is the global EV charging infrastructure market price?

EV charging infrastructure was worth USD 19.67 billion in 2022 and is expected to expand 25.5% from 2023 to 2030.

Let’s focus on DC fast charging stations as both the number of charging points and market value mentioned statistics include slower AC charging points. 2023 worldwide quick-charging network

The number of fast chargers increased by 330,000 in 2022 to 858,000.

Fast chargers dominated worldwide sales in 2022, accounting for about 72.0%.

This page largely covers the EU, UK, and US, while China leads in fast charging infrastructure with 760.000 fast chargers.

Rapid charging infrastructure in Europe

By 2022, Europe will have over 70,000 fast-charging stations, an increase of 55% from 2018. The country with the most fast chargers is Germany, with 12,000.

The Alternative Fuels Infrastructure Regulation (AFIR) under discussion by the EU aims to greatly improve public charging infrastructure and expand charging throughout the continent. By 2023, the European Investment Bank and European Commission will invest EUR 1.5 billion in alternative fuel infrastructure, including electric vehicle rapid charging stations. Europe’s commitment to charging infrastructure expansion inspires green transportation systems worldwide.

Fast-charging infrastructure in the US

The US’s DC fast-charging infrastructure has advanced, with hopeful expansion predicted in the next years. In 2022, 6,300 fast chargers were completed nationwide, 75% of them Tesla Superchargers. By year’s end, 28,000 quick chargers were available. The government’s approval of the National Electric Vehicle Infrastructure Formula Programme will boost this already impressive pace.

View of the Rotunda Dome of the US Capitol in Washington, DC, with the Star-Spangled Banner floating over a stunning sunset sky.

Each US state fully participated in this project and received USD 885 million for 2023. This financing will allow chargers to be installed on 122,000 kilometers of roadways.

The vast project underscores the country’s commitment to electric vehicle usage and charging infrastructure, laying the basis for a cleaner, more sustainable future.

British fast-charging infrastructure

UK DC fast charging system with approximately 7,000 EV charging points was built by 2022. The UK’s charging network expansion shows its commitment to green mobility and carbon reduction.

Thanks to several government-funded programs and agreements, the UK DC fast-charging sector is poised to see tremendous development and progress, similar to many other forward-looking markets. By 2035, there will be at least 6,000 high-powered, super-fast charge-points installed throughout England’s roads thanks to a £950 million Rapid Charging Fund.


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