Cheaper Technology To Drive Charging Point Uptake, Study Predicts
The Electric Vehicle Charging Equipment report, which examined residential, workplace, public and private charging points, is predicting 7.7 million will be installed by 2017, with 1.5 million of those in the USA.
Demand, it said, would be led by a rapid decline in the price of electric vehicle supply equipment (EVSE), forcing manufacturers to adapt their business models to keep up. Pike Research also predicted growth of the ‘Charging As A Service’ business model, where companies offer a paid-for, on-demand charging service.
Senior analyst John Gartner said electricity suppliers will evolve to meet the demand, finding ways to stabilise the extra drain on the grid as they do so.
‘Basic electric vehicle supply equipment will quickly become a commodity. EVSE prices will fall by 37% through 2017 as costs are driven lower by competition from large electronics companies as well as volume production,’ he said.
‘In the face of this trend, manufacturers will integrate their equipment with external storage units, home energy management systems, and smart grid equipment to add value and increase their revenue.’For more of the latest industry news, click here.