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Future Opportunities in EV Charging, Forecast to 2030

  • Report

  • 53 Pages
  • November 2019
  • Region: Global
  • Frost & Sullivan
  • ID: 4856424

Utilities, Oil & Gas Majors, and Technology Solution Providers All Vying for a Role in the Lucrative EV Charging Sector

As EVs continue to disrupt the power-mobility ecosystem, the role played by charging solutions in the 2020s will be crucial in how effectively the ecosystem develops. This will more so as utilities, technology solution providers, and major oil and gas firms look to target an area which effectively bridges power and mobility. Although a nascent industry, various innovative charging solutions are disrupting the industry as it looks to firmly establish itself on a mass market scale.

This research provides insights on seven charging models which carry high lab-to-market adoption rate potential in the 2020s. These are Battery Swapping, Vehicle to Home, Demand Response with EV Charging, Smart Charging, Fast Charging, Wireless Charging, and Vehicle to Grid Technologies.

To ensure the transition to EVs is successful, the key bottleneck of charging infrastructure availability must be alleviated in addition to range anxiety, although, the situation of the latter has improved drastically in recent times. Amongst the models analyzed, fast charging and inductive (wireless) charging carries a high factor of disruption compared to other models. Fast charging rapidly reduces the time spent charging EVs down to five minutes for a full charge, which places it on par with fuel cell vehicles, when it comes to the ability to fill a tank. Inductive charging is found to have the second highest potential, particularly for stationary applications, as it works well in stationary charging applications as opposed to dynamic charging. A common drawback which stands to be corrected is the drafting of common standards and regulations for charging. Although related associations such as SAE, ISO, and IEC are working toward the development of charging standards, there continues to be a lack in commonality of standards. To ensure charging solutions succeed on a mass scale, addressing customer requirements goes a long way. The author finds that the following three key criteria are pivotal from the perspective of an EV end user, ease of use and operation, speed of charging, pricing and commonality of standards.

Key Issues Addressed

  • What are the key charging models currently either in the market or in development?
  • How will these models work from a technical and a commercial viewpoint?
  • Which organizations are the key stakeholders driving investment in these models?
  • What are the key growth opportunities?

Table of Contents

1. Executive Summary
  • Key Findings
  • Summary of Potential EV Charging Models
  • What Do Different Stakeholders Look for in the EV Charging Landscape?
  • Research Scope
  • Key Questions this Study will Answer

2. Key Charging Models
  • Battery Swapping
  • Vehicle 2 Home
  • Aggregating Demand Response
  • Aggregating Demand Response with EV Charging
  • Smart or Intelligent EV Charging Solution
  • Fast Charging
  • Inductive (or) Wireless Charging
  • Wireless (or) Inductive Charging Supplier - ElectRoad
  • Vehicle 2 Grid Charging

3. Growth Opportunities and Companies to Action
  • Growth Opportunity 1 - Embracing New Business Models
  • Growth Opportunity 2 - Partnerships/Collaborations
  • Growth Opportunity 3 - Digitization
  • Strategic Imperatives for Success and Growth

4. The Last Word
  • The Last Word
  • Legal Disclaimer

5. Appendix
  • List of Exhibits