Absolute Markets Insights: global EV charging station market will grow by 29% CAGR till 2027

5 June 2019, 12:21:18

Absolute Markets Insights: global EV charging station market will grow by 29% CAGR till 2027Absolute Markets Insights forecasts a 29% increase in terms of revenue of the global EV charging station market during the 2019-2027 period. This growth is a direct result of the growth EV sales. The latter increases due to several factors: 1) government subsidies and tax credits; 2) minimum operating and maintenance cost; 3) increasing consumer awareness regarding the environmental benefits. The rise of fuel prices is yet another incentive to wider EV adoption.

In its report, Absolute Markets Insights does give insight on this specific market. The largest share belongs to DC charging stations, followed by Level 2 AC charging. From all DC fast charging stations, the CHAdeMO type has been registered as having the largest share. The fastest growth will be registered in the Asia Pacific region. The main market players are Schneider Electric SE, Eaton Corporation PLC, Engie SA, ABB Group and General Electric Company.Source

Related news

News related to Tesla, Nissan, Kia, Hyundai, Volkswagen, Jaguar, Mercedes, Chevrolet, BMW or Audi

Mercedes-Benz VISION EQXX breaks off efficiency record on a 1202 km summer road trip

The Mercedes-Benz VISION EQXX beats its own efficiency record in real-world driving with another 1,000 km+ journey on a single battery charge. Following its record-breaking drive from Stuttgart to Cassis (France) in April, the research vehicle set the bar even higher, with a 1,202-km road trip from Stuttgart to Silverstone in the UK. After negotiating an autobahn closure and demanding cross-country diversion near...

23 June 2022

Volkswagen ID. AERO is teased in design sketches, the pre-production study will be unveiled on June 27

Volkswagen released design sketches of the ID. AERO - the first fully-electric limousine for the Chinese automobile market. The digital world premiere of the pre-production study will take place on Monday, 27 June, at 14:00 (CEST). The future production version of the ID. AERO sees Volkswagen expand its successful ID. family in the high-volume upper-middle-class segment, and accelerate its electric offensive within...

22 June 2022

Hyundai IONIQ 6 teased with a design sketch

Hyundai Motor Company today revealed a design concept sketch of its highly anticipated IONIQ 6, the second model in Hyundai's IONIQ all-electric vehicle lineup brand. The concept sketch depicts the unique and streamlined silhouette of the IONIQ 6. Inspired by the company's Prophecy concept EV, IONIQ 6 will be communicated as the Electrified Streamliner with clean, simple lines and a purely aerodynamic form. The...

21 June 2022

ID. Buzz - production start at German component locations

Following the production start of the ID. Buzz, German component locations have begun to produce key technology components for the new e-model. Plants in Braunschweig, Kassel, Salzgitter and Hannover are now supplying the battery system, the electric drive and the chassis. It’s the next step in a transformation process initiated in 2015 that is converting the company into an e-mobility system supplier. Volkswagen...

16 June 2022

LG Energy Solution will make a 730 billion won investment in increasing battery production for Tesla

Yesterday, LG Energy Solution said that it will invest 730 billion won in its Ochang facility to expand the production capacity of cylinder batteries. 580 million won of those will go to the site's second factory, increasing the 4680 batteries' annual capacity by 9 GWh. The rest of the investment will be used in the first factory for increasing by 4 GWh the annual capacity of the 2170 batteries. The production...

14 June 2022

BMW iX with a 600-mile range - ONE and BMW sign an agreement

Our Next Energy (ONE), the Michigan-based energy storage company, has signed an agreement with BMW Group to incorporate ONE's Gemini Dual-Chemistry battery technology into the BMW iX all-electric Sports Activity Vehicle. ONE's unique long-range Gemini technology reduces lithium use by 20% while reducing graphite use by 60% and minimizing the use of nickel and cobalt. In doing so, ONE is creating more sustainable...

14 June 2022

Volkswagen debuts the AWD ID.4 Pro 4MOTION, prices start at 49,020 euros

Volkswagen is adding another all-wheel-drive version to the all-electric ID.4 product line: the ID.4 Pro 4MOTION. Based on the ID.4 Pro Performance, the model has a system power of 195 kW/265 PS and offers more traction in wet conditions and when driving on snow or loose ground. Only the sporty ID.4 GTX 4MOTION flagship model was previously available as an all-wheel-drive version. Presales for the new additional...

9 June 2022

VW's ID. Buzz serial production commences in Hannover, Germany

At the Volkswagen Commercial Vehicles (VWCV) brand's main plant in Hannover, where production of the ID. Buzz Cargo has already begun, serial production of the ID. Buzz is now starting. Volkswagen Commercial Vehicles is planning to produce up to 15,000 ID. Buzz and ID. Buzz Cargo vehicles this year. Once production is up to full speed, as many as 130,000 vehicles per year can in future be produced in Hannover...

7 June 2022

Mercedes-Benz USA announces EQB SUV pricing and packaging structures

The Mercedes-Benz EQB SUV is the highly anticipated all-new, fully electric addition to the Mercedes-EQ lineup. A durable and practical SUV with powerful proportions yet compact dimensions, the EQB provides a generous amount of space for up to seven passengers with an optional third row. Arriving in U.S. dealerships by summer 2022, the 2022 EQB 300 4MATIC will start from $54,500 and the EQB 350 4MATIC is priced from...

3 June 2022

Kia America's rapid growth in electrified vehicles sales continues in May

Kia America announced May sales of 57,941 units with the Niro family of hybrid, PHEV and EV models posting best-ever May sales, up more than 28% over the previous record set in 2021. In addition, the first full month of deliveries of the all-new Sportage HEV charged ahead in May, with 2,417 units sold. Sales of Kia's electrified models were up 132% over the previous May record set in 2021, and up 5% over the...

2 June 2022

The Elec - Samsung SDI is testing variants of the 4680 battery cells for Tesla

Korean news outlet The Elec reports that according to its sources Samsung SDI is testing at least two versions of 4680 cylinder batteries which it started developing for Tesla. One of the variants follows the original specification announced by the brand. Another variant has a lower than 80 mm height - between 40 and 60 mm, while retaining the 46 mm diameter. The change in height is to make Samsung SDI's batteries...

1 June 2022

BMW iX1: a new era of driving pleasure in the compact SAV begins

The BMW iX1 xDrive30 is the first all-wheel-drive electric car introduced by the brand in the premium compact segment. Two highly integrated drive units at the front and rear axles deliver a combined output of 230 kW/313 hp (taking the temporary boost effect into account), and post overall torque of 494 Nm (364 lb-ft). The electric all-wheel-drive system ensures supreme traction and directional stability in all...

1 June 2022

All-electric Nissan Ariya to embark on the world's first expedition from the North Pole to the South Pole

Nissan today announced its partnership with British adventurer, Chris Ramsey, to undertake the world's-first all-electric driving adventure from the magnetic North Pole to the South Pole. Departing in March 2023, the daring Pole to Pole expedition will see Ramsey and team in a Nissan Ariya e-4ORCE travel over 27,000 kilometers across several regions and continents with predicted temperatures ranging from -30⁰C to...

24 May 2022

Hyundai Motor Group to establish first dedicated EV plant and battery manufacturing facility in the U.S.

Hyundai Motor Group has just announced it has entered into an agreement with the State of Georgia to build its first dedicated full electric vehicle and battery manufacturing facilities in the U.S. The Group's U.S. investment decision will support its goal of becoming a leader in electric mobility in the U.S. market. It also highlights the Group's commitment to sustainability through electrification and to...

20 May 2022

EV Specifications

Complete specifications of EVs, grouped according to their brand and year

AudiBMWBytonChevroletDaciae.GOFIATFordGenesisHondaHyundaiJaguarKIAMazdaMercedes-BenzMGMININIONissanOpelPeugeotPolestarPorscheRenaultRivianSEATŠKODAsmartTeslaVolkswagenVolvo

Featured

Specifications of some of the most interesting and anticipated EVs.

2022 Audi e-tron S Sportback quattro

2022 Audi e-tron S Sportback quattro

Doors: 5, Seats: 5
Length: 193.0 in / 4902 mm
Height: 63.6 in / 1615 mm
Curb weight: 5941.46 lb / 2695 kg
Location: Rear
Location: Front
Battery: 95 kWh, Voltage: 396 V

2022 Audi e-tron S quattro

2022 Audi e-tron S quattro

Doors: 5, Seats: 5
Length: 193.0 in / 4902 mm
Height: 64.1 in / 1629 mm
Curb weight: 5941.46 lb / 2695 kg
Location: Rear
Location: Front
Battery: 95 kWh, Voltage: 396 V

2021 Audi e-tron S Sportback quattro

2021 Audi e-tron S Sportback quattro

Doors: 5, Seats: 5
Length: 193.0 in / 4902 mm
Height: 63.6 in / 1615 mm
Curb weight: 5941.46 lb / 2695 kg
Location: Rear
Location: Front
Battery: 95 kWh, Voltage: 396 V

2021 Audi e-tron S quattro

2021 Audi e-tron S quattro

Doors: 5, Seats: 5
Length: 193.0 in / 4902 mm
Height: 64.1 in / 1629 mm
Curb weight: 5941.46 lb / 2695 kg
Location: Rear
Location: Front
Battery: 95 kWh, Voltage: 396 V

2022 Audi Q4 Sportback e-tron 50 quattro

2022 Audi Q4 Sportback e-tron 50 quattro Vorsprung

Doors: 5, Seats: 5
Length: 180.6 in / 4588 mm
Height: 63.5 in / 1614 mm
Curb weight: 4717.89 lb / 2140 kg
Electric motor #1: 150 kW, 310 Nm, Location: Rear
Electric motor #2: 70 kW, 150 Nm, Location: Front
Battery: 82 kWh, Voltage: 400 V

2022 Audi Q4 Sportback e-tron 50 quattro

2022 Audi Q4 Sportback e-tron 50 quattro Edition 1

Doors: 5, Seats: 5
Length: 180.6 in / 4588 mm
Height: 63.5 in / 1614 mm
Curb weight: 4717.89 lb / 2140 kg
Electric motor #1: 150 kW, 310 Nm, Location: Rear
Electric motor #2: 70 kW, 150 Nm, Location: Front
Battery: 82 kWh, Voltage: 400 V

2022 Audi Q4 Sportback e-tron 50 quattro

2022 Audi Q4 Sportback e-tron 50 quattro S Line

Doors: 5, Seats: 5
Length: 180.6 in / 4588 mm
Height: 63.5 in / 1614 mm
Curb weight: 4717.89 lb / 2140 kg
Electric motor #1: 150 kW, 310 Nm, Location: Rear
Electric motor #2: 70 kW, 150 Nm, Location: Front
Battery: 82 kWh, Voltage: 400 V

2022 Ford F-150 Lightning

2022 Ford F-150 Lightning PLATINUM Extended Range (710A)

Doors: 4, Seats: 5
Length: 232.7 in / 5911 mm
Location: Rear
Location: Front
Battery: 131 kWh

2022 Ford F-150 Lightning

2022 Ford F-150 Lightning LARIAT Extended Range (511A)

Doors: 4, Seats: 5
Length: 232.7 in / 5911 mm
Location: Rear
Location: Front
Battery: 131 kWh

2022 Mercedes-Benz AMG EQS

2022 Mercedes-Benz AMG EQS 53 4MATIC+

Doors: 5, Seats: 5
Length: 205.6 in / 5223 mm
Height: 59.8 in / 1520 mm
Curb weight: 5853.27 lb / 2655 kg
Electric motor #1: 245 kW @ 4500 - 13500 rpm, 565 Nm, Location: Rear
Electric motor #2: 239 kW, 290 Nm, Location: Front
Battery: 107.8 kWh, Voltage: 500 V

2022 Mercedes-Benz EQS

2022 Mercedes-Benz EQS 580 4MATIC

Doors: 5, Seats: 5
Length: 205.4 in / 5216 mm
Height: 59.5 in / 1512 mm
Curb weight: 5698.95 lb / 2585 kg
Electric motor #1: 245 kW @ 4500 - 13500 rpm, 565 Nm, Location: Rear
Electric motor #2: 140 kW, 290 Nm, Location: Front
Battery: 107.8 kWh, Voltage: 500 V

2022 Mercedes-Benz EQS

2022 Mercedes-Benz EQS 450+

Doors: 5, Seats: 5
Length: 205.4 in / 5216 mm
Height: 59.5 in / 1512 mm
Curb weight: 5467.46 lb / 2480 kg
Electric motor: 245 kW @ 4500 - 13500 rpm, 568 Nm, Location: Rear
Battery: 107.8 kWh, Voltage: 500 V

2022 Genesis GV60

2022 Genesis GV60 Performance AWD

Doors: 5, Seats: 5
Length: 177.8 in / 4515 mm
Width: 74.4 in / 1890 mm
Height: 62.2 in / 1580 mm
Curb weight: 4761.98 lb / 2160 kg
Electric motor #1: 160 kW, 350 Nm, Location: Rear
Electric motor #2: 160 kW, 350 Nm, Location: Front
Battery: 77.4 kWh, Voltage: 800 V

2022 KIA EV6

2022 KIA EV6 Extended Range 4WD GT

Length: 184.8 in / 4695 mm
Height: 61.0 in / 1550 mm
Location: Rear
Location: Front
Battery: 77.4 kWh, Voltage: 697 V

2022 KIA EV6

2022 KIA EV6 Extended Range 4WD GT-Line S

Length: 184.8 in / 4695 mm
Height: 61.0 in / 1550 mm
Curb weight: 4530.5 lb / 2055 kg
Electric motor #1: 165 kW @ 4500 - 7700 rpm, 350 Nm @ 4500 - 7700 rpm, Location: Rear
Electric motor #2: 74 kW @ 4500 - 7700 rpm, 255 Nm @ 4500 - 7700 rpm, Location: Front
Battery: 77.4 kWh, Voltage: 697 V

2022 KIA EV6

2022 KIA EV6 Extended Range 4WD GT-Line

Length: 184.8 in / 4695 mm
Height: 61.0 in / 1550 mm
Curb weight: 4497.43 lb / 2040 kg
Electric motor #1: 165 kW @ 4500 - 7700 rpm, 350 Nm @ 4500 - 7700 rpm, Location: Rear
Electric motor #2: 74 kW @ 4500 - 7700 rpm, 255 Nm @ 4500 - 7700 rpm, Location: Front
Battery: 77.4 kWh, Voltage: 697 V

2022 BMW iX xDrive50

2022 BMW iX xDrive50

Doors: 5, Seats: 5
Length: 195.0 in / 4953 mm
Width: 77.4 in / 1967 mm
Height: 66.8 in / 1696 mm
Curb weight: 5379.28 lb / 2440 kg
Electric motor #1: 250 kW, 400 Nm, Location: Rear
Electric motor #2: 200 kW, 352 Nm, Location: Front
Battery: 111.5 kWh, Voltage: 330.3 V

2022 BMW i4 M50

2022 BMW i4 M50

Doors: 5, Seats: 5
Length: 188.3 in / 4783 mm
Width: 72.9 in / 1852 mm
Height: 57.0 in / 1448 mm
Curb weight: 5048.59 lb / 2290 kg
Electric motor #1: 230 kW @ 8000 - 17000 rpm, Location: Rear
Electric motor #2: 190 kW @ 8000 - 17000 rpm, Location: Front
Battery: 83.9 kWh, Voltage: 398.5 V