The transformation of the auto industry is in full swing

Electric vehicle(EV) charging is coming of age, with more regulatory and commercial certainty around battery electric vehicle(BEV) adoption. This drives the need for a charging infrastructure, leading to a ~210m installed base of charge points in 2035. Overall, private alternating current (AC) or slow chargers will form the majority of the installed base as consumers prefer to charge at home or at work, where dwell time is higher.

Charging patterns and dwell times determine where people will charge and what infrastructure is needed. Destination and on-the-go charging represent the best use case for fast charging (DC,HPC), given a low consumer dwell time. As car and charger speed increases, average electricity throughput from fast chargers will also increase, improving the user experience through shorter charging sessions. Higher and increasing electricity throughput means public fast charging is expected to capture a significant and growing share of electricity demand towards 2035.