Transportation

EV charging points in Europe and North America to reach 4.4 million by 2024

Image courtesy of EVgo.

September 4, 2020

Growing at a compound annual growth rate of 38%, the number of connected electric vehicle charging points in Europe and North America is expected to reach 4.4 million in 2024, according to a Berg Insight report.

The connected EV charging station market is served by a variety of players. The type of companies offering back office software platforms for charging stations include dedicated charging station management software providers and hardware providers.

A number of charge point operators have developed their back office platforms in-house, which in some cases are offered as white-label solutions to other CPOs as well.

In North America, ChargePoint is a leader in terms of connected charging points. Additional companies having a notable number of connected charging stations on their platform in the region include AddEnergie, SemaConnect, EV Connect, Blink Charging and Greenlots (Shell Group). ChargePoint and Enel X further account for the majority of the connected home chargers in the region. Examples of vendors having a significant number of connected charging points in Europe include NewMotion (Shell Group), EVBox (Engie), Virta, Has-to-be, Greenflux, Last Mile Solutions and Driivz. The Nordic hardware providers CTEK and Zaptec also have large numbers of connected charging points. Additional notable players in Europe include Vattenfall, Innogy, Allego and Fortum.

"The integration of communications equipment in EV charging stations can improve the delivered service and operations in a multitude of ways," Adam Bjorkman, IoT analyst, Berg Insight, said in a press release.

Charge point operators can remotely monitor and manage the charging stations and electric vehicle drivers can at the same time locate chargers, monitor charging availability and manage payments using a smartphone app.