A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Electric Vehicle Sales Challenge Charger Market: SBI Energy

NEW YORK, NY–(Marketwire – Jul 24, 2012) – Picking up the pace with the rapidly increasing sales of plug-in electric vehicles (PEV), the electric vehicle service equipment (EVSE) market is growing exponentially, a trend that will continue on through 2021. A recent report by industrial and energy market research publisher SBI Energy reveals EVSE infrastructure is developing at different rates worldwide and is linked to the amount of electric vehicle sales regionally, as well as government incentive programs.
Sales of PEVs grew to 116,000 in 2011, more than four times the number sold in 2010, according to the report. Emerging EVSE technologies, which include residential electric vehicle chargers, usually bundled with a PEV, and commercial charging stations are far behind the number needed to relieve ‘range anxiety.’
“Worldwide EVSE sales skyrocketed to just under 116,500 charging units sold in 2011 for a market value of $225.9 million,” said Norman Deschamps, author of the report. “Sales are expected to climb to over 4.1 million charging units, valued at $3.4 billion by 2021.”
The infrastructure build-up of electric vehicle equipment and services is developing at different rates worldwide, and is very dependent on the number of plug-in electric vehicle sales. According to the report, various standards for charging power levels exist between the United States, Europe, China and Japan, however, this has not hindered the development of this market.


1 comment to Electric Vehicle Sales Challenge Charger Market: SBI Energy

Leave a Reply