GTM Peers into the Future & Sees 40 Million EV Charging Stations Worldwide by 2030

The latest study by GTM Research finds there will be as many as 40,000,000 public and private EV chargers globally by the year 2030.  Its assessment is based on a belief that EVs will represent 11% of the cars on the road by that date, according to coverage in PV Magazine.

“Switching from gasoline to electricity will significantly impact commodity and electricity markets.  Electricity will redefine how we use our vehicles, as energy networks transport ‘fuel’ instantaneously to any point on the existing network, improve safety, and reduce the environmental impacts of transportation,” GTM says in a summary of its study.

EV charger growth
Somewhat surprisingly, GTM sees North America — not China — as the place that will experience the greatest growth in EV chargers — from less than 100,000 today to several million by 2030.  That growth comes with significant market opportunities as the sector grows from $2.7 billion over the next two years to $18.6 billion by 2030.  The investment is split between physical equipment, installation, operations, and maintenance services.

Read more at GTM Peers into the Future & Sees 40 Million EV Charging Stations Worldwide by 2030