Strategic Technology and Market Analysis of Electric Vehicle Charging Infrastructure in North America

This research service focuses on the North American market for charging infrastructure related to electric vehicles. This research service focuses on residential, public and semi-public charging. The elements take into account four different levels of charging: level 1, level 2, DC charging, and induction charging. The study also provides key market breakdown, trends, drivers, restraints, and challenges impacting important markets in United States and Canada regarding electric vehicle charging infrastructure. The study also provides crucial conclusions, recommendations and business opportunity analysis.

This Frost & Sullivan research service titled Strategic Technology and Market Analysis of Electric Vehicle Charging Infrastructure in North America provides market trends, recent developments, and technology roadmap of the electric vehicle (EV) charging infrastructure market. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: Level 1, Level 2, direct current (DC) charging, and inductive charging.

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Market Overview

North American EV Charging Infrastructure Market Steps on the Gas as Government Incentives Encourage Adoption of EVs

Standardized Business Models Vital to Propel the Emerging Market

The EV charging station market in North America is racing ahead on the back of favorable government incentives and subsidies at various levels (Federal, State and Council) for the purchase of EVs. The government is extending these schemes to the installation of charging station and for funding programs such as Ecotality’s EV project. “EVs are more expensive than conventional vehicles, therefore, local governments are granting customers as much as $7,500 in incentives to purchase an EV,” says the analyst of this research. “Incentives include discounts on the purchase of EVs, tax credits or exemption, and other advantages such as usage of heavy occupancy vehicle (HOV) lanes, and free parking.” The charging infrastructure is expected to grow at a compound annual growth rate (CAGR) of 128.12 percent with 4.1 million charging points by 2017, due to the currency of the ‘green’ concept and oil prices’ volatility. Attracted by its potential and low entry barriers, participants are emerging from multiple industries such as technology, vehicle manufacturers, and utilities.

Even while offering substantial opportunities, the EV charging infrastructure market is beset by issues typical to a nascent market. Participants are looking for solutions to ensure standardization of charging systems in vehicles, charging stations, and business models. EV owners are also inconvenienced by the low access to charging stations and the 8-10 hours (level 1) needed to charge their vehicles. However, continuous R&D will help overcome these challenges in the next two to three years. As the market is still evolving, participants are in the process of identifying the scope of development of technologies and economically viable business models. “Participants are introducing various strategies such as providing EV charging facilities in restaurants, leisure places, and malls as a value-added service to customers,” notes the analyst. “They also adopt various business models such as subscription and pay per use to attract more buyers and make the most of the market’s potential.”

Market Sectors

Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:

Level 1
Level 2
DC charging
Inductive charging

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1. Definition and Scope

2. Executive Summary

3. North American Electric Vehicle Charging Station Technology and Market Analysis

4. Business Case Scenario Analysis

5. In-depth Analysis of Charging Infrastructure Market in North America

6. Strategic Analysis of Level 1 (120V) Charging Stations

7. Strategic Analysis of Level 2 (240V) Charging Stations

8. Strategic Analysis of Direct Current (DC) Charging

9. Strategic Analysis of Inductive charging

10. Strategic Analysis of Solar Charging Stations

11. Strategic Analysis of Battery Switch Stations

12. Analysis of Vehicle to Grid Communication and Accessories for Charging Infrastructure

13. Competitor Profiling

14. Current Vehicle Parking Trends

15. Key Conclusion and Strategic Recommendations

16. The Frost & Sullivan Story