Internet of Things and M2M Communications Blog | KORE

10 EV Charging Statistics You Should Know for 2023 | KORE

Written by KORE | 08-Aug-2023 15:42:29

The electric vehicle industry is growing fast, and it’s expected to expand exponentially as the world adopts zero-emissions laws. Today’s charging infrastructure still has a long way to go.

Charging companies are trying to catch up with the increasing sales of electric vehicles (EVs). Meanwhile, governments are focusing on installing publicly available chargers.

We collected some of the most important statistics about EV charging stations worldwide, along with some additional insight that will help you with strategic planning. 

How many electric charging stations are there in the world? 

1. At the end of 2022, there were 2.7 million publicly available EV charging stations in the world, more than 900,000 of which were installing in 2022 (Source 1

Considering the growing demand and adoption of EVs, governments are coming up with ways to expand EV charger networks. While a lot of demand for charging EV's are met by at home charging - a large number of European citizens live in dense urban areas that are not well-equipped for charging, coupled with the growth of commercial vehicles also requiring charging points in central locations.

Not only that but government initiatives, like scrappage schemes for old vehicles, Local EV Infrastructure Fund (LEVI) and the Rapid Charging Fund (RCF) in the UK and the European Union's proposed Alternative Fuels Infrastructure Regulation (AFIR), supporting the uptake and use of alternative fuels.

There are two types of chargers; fast and slow. For example, Europe, ranks second in slow chargers, with 460,000 total slow chargers in 2022, a 50% increase from the previous year. The Netherlands leads in Europe with 117,000, followed by France (74,000) and Germany (64,000).

This article, goes on to say that In Europe the overall fast chargers totalled over 70,000 by the end of 022, an increase of approx 55% compared to 2021. Countries leading the charge are Germany (12,000), France (9 700) and Norway (9 000). 

2. According to projections, there will be a total of 12.9 million publicly available EV charging stations by 2030 charging at 1,400 amperes (Sources 1/2

Of the total 12.9 million charging stations, 4.7 million will be fast EV charging stations and 8.2 million will be slow EV charging stations.

Projections show a steady increase in the total number of publicly available chargers. As for the U.S., data shows a sharp increment until 2025 to 540,000 chargers. After that, a slower escalation until 2030 with a total of 800,000 publicly available chargers. China remains at the top in the 2030 projections with 8.6 million publicly available chargers.

Today, EV charging times are limited because of the heat generated when electrical current is supplied to the vehicle batteries. The greater the current, the more heat is generated.

Faster charging times require the ability to cool conductors. Currently, fast charging systems use sizable conductors to provide 350 amperes of charging power, which can charge EVs in 20 minutes. However, the cables are bulkier in this case.

To reduce charging times to 5 minutes, a current at 1,400 amperes is required. However, NASA’s Flow Boiling and Condensation Experiments (FBCE) may help reach that kind of power by offering a better cooling solution.

Scientists at NASA were able to reach 2,400 amperes while experimenting with this new cooling technology on EV charging cables.

However, such technology takes years for widespread implementation. But considering Wright’s Law, ultra-fast publicly available chargers will be common globally by 2030. 

3. China has the highest number of publicly available charging stations at 1.15 million, almost 8 times higher than its counterparts (Source

As of January 2022, China has 470,000 publicly available fast EV charging stations and 680,000 slow EV charging stations.

China has been at the forefront of the EV revolution for a while. China and India are the two countries that are expected to double down on increasing publicly available EV chargers after 2025.

In 2020, China had a total of 810,000 EV chargers. By 2030, China is projected to have 8.6 million publicly available chargers. That’s almost 67% of the world’s projected total publicly available EV chargers in 2030.

However, current projections are based on the Stated Policies Scenario. It’s possible that announced policies may lead to even greater adoption of EVs throughout the country.  

Considering that half of the world’s EV sales are in China, the country needs to keep up with the growing demand for chargers. Almost a quarter of all newly registered cars in China are EVs or plug-in hybrids.

The BBC reports that some electric taxis in Beijing and a few other major cities go to battery-swapping stations instead of charging their EVs. Battery swapping requires a few minutes while charging EVs can take up to 2 hours, including wait times.

Therefore, China is pushing to drastically increase the total number of publicly available EV chargers, especially fast chargers. 

4. At the end of July 2023, there were 45,737 electric vehicle charging points across the UK in 26,805 charging locations. (Source

This growth represents an increase of 40% in the total number of charging devices from the previous year. Ubitricity has the most charge points in the UK with 19.9%, followed by Pod Point at 10.2% (mainly found in retail parks and supermarkets) and in third place is bp pulse with 7.5%.

 

5. The number of publicly accessible chargers in Europe increased 30% in 2021 for both slow and fast EV charging stations (Source)

In 2021, the European, Korean, and Chinese EV markets saw the most growth.

Within Europe, the Netherlands leads in slow chargers with more than 80,000 publicly available nationally. France takes second place with 50,000, followed by 40,000 in Germany, 30,000 in the United Kingdom, 20,000 in Italy, and 12,000 in both Sweden and Norway.

The total number of publicly available fast chargers in Europe reached 50,000 units at the start of 2022. Out of those 50,000, 9,200 were in Germany, 7,700 in the United Kingdom, 6,700 in Norway, 4,500 in France, and 2,600 in Spain and the Netherlands.

In comparison, the U.S. had 22,000 fast chargers, 60% of which were Tesla Superchargers. 

State of the EV charging industry  

6. By the end of 2022, EV sales are expected to reach 10.6 million in the world—almost 3 times more than in 2018 (Source

In the first quarter of 2022, more than 2 million EVs were sold. This is a 75% increase from Q1 2021.

As EV sales increase at an exponential rate, the demand for EV charging stations is also increasing, especially for fast chargers. That is why countries like China and the U.S. are making an effort to increase the growth rate of publicly available fast chargers.

By 2025, EV sales are projected to reach 15.9 million, and by 2030 that number is projected to reach 27.7 million.

Today, 1 in 2 EV sales happens in China. However, that is expected to change moving forward. By 2025, China is expected to have 7.5 million EV sales, which is 47% of the global projection. By 2030, they’re projected to have 11 million EV sales, almost 40% of the global total.

7. In 2022, the ChargePoint Network is the biggest network of EV chargers in the U.S. with 15,454 locations and 48,946 charging points (Source

The ChargePoint Network is followed by Tesla which has 5,682 locations and 27,257 charging points in the U.S.

The ChargePoint Network has 152 level-1 locations and 157 level-1 ports. They also have 14,155 level-2 locations and 47,114 level-2 ports. Furthermore, they have 1,147 direct-current fast charger (DCFC) locations and 1,675 DCFC ports.

DCFC ports are the fastest EV chargers, followed by level 2 and level 1 ports which are considered slow chargers.

In comparison, Tesla does not have any level 1 chargers. However, they have 4,436 level-2 locations with 14,677 level-2 ports. Meanwhile, they have 1,246 DCFC locations, also known as Tesla Superchargers, with 12,580 DCFC ports. 

8. The global EV charging station market is currently worth $18.22 billion (Source

The market has a 35% CAGR, projecting that the market will be worth $115 billion in 2028.

According to the research, the EV market is primarily driven by the continuous reduction in EV operating costs, compared to traditional gas vehicles. A downward trend in the price of lithium-ion batteries is another factor.

Furthermore, as the commercial applications of EVs become commonplace, it will lead to a drastic increase in the demand for EV charging services.

On top of that, the demand for fast charging stations and next-generation EV chargers is also bound to increase the EV charging market’s worth.

Technical advances impacting the range of EVs  

9. It takes an average of 1 hour and 17 minutes for an EV to fully charge at a public charging station (Source

There are three different levels of charging speeds based on different versions of EV chargers.

  • Level 1 – This is the slowest charging speed that uses a standard residential 120-volt AC outlet. For battery electric vehicles (BEVs), level 1 chargers can take between 40-50 hours for a complete charge. For plug-in hybrid electric vehicles (PHEVs), the charging time is between 5-6 hours from 0-100. 
  • Level 2 – These chargers use a 240V residential outlet or a 208V commercial outlet. They take between 4-10 hours to charge BEVs and 1-2 hours for PHEVs. 
  • DCFC – These are direct current fast charging ports, such as the Tesla Supercharger. They can charge a BEV from 0 to 80% in 20 minutes to 1 hour. DCFC equipment is typically incompatible with most PHEVs.

The current electric range per hour of charging for DCFCs is between 180-240 miles. In comparison, level 1 and 2 chargers have a range of 2-5 miles and 10-20 miles, respectively. 

10. By 2030, the global lithium-ion automotive battery manufacturing capacity is expected to reach 3.2 TWh, compared to 300 GWh in 2021 (Source) 

The actual production came to around 160 GWh in 2021, which means companies are prepared for a sharp increase in EVs on the road.

According to the Stated Policies Scenario, by 2025 the battery manufacturing capacity is expected to reach 0.6 terawatt-hours (TWh) of electricity. However, the Sustainable Development Scenario puts that number at 1.1 TWh.

Similarly, the Sustainable Development Scenario puts the 2030 projection at 3.2 TWh while the Stated Policies Scenario puts it at 1.6 TWh in 2030. 

How to make charging stations more accessible  

One of the largest customer experience shifts of this decade will involve the transition from refuelling vehicles at gas stations to EV charging stations. This shift will transform “pay at the pump”, as consumers switch from a transactional refuelling experience to a relationship with a Charge Point Operator.

CPOs are faced with combining compliant charging infrastructure and the customer charging experience (apps, charging performance, billing, and customer service). Providers who emerge as winners in this hyper-competitive environment will serve customers with availability, reliability, and a personalised experience.

This desire to differentiate, both on the hardware and infrastructure side, and on the customer experience and engagement side, calls for the integration of various existing and emerging technologies. Want to learn more? Reach out!