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Fast-Charging Stations for Electric Vehicles to Rise 100X by 2020 (TSLA)

August 27, 2013 9:51 AM EDT Send to a Friend

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In what can be construed as positive news for Tesla (NASDAQ: TSLA) and other electric vehicles (EV) makers, IHS forecasts the number of fast-charging stations is set to rise more than 100 times from 2012 to 2020.

“Total fast-charging stations for EVs are set to reach 199,000 locations globally in 2020, up from just 1,800 in 2012,” IHS said. “The number of these stations, meanwhile, is anticipated to rise more than threefold in 2013 to 5,900 and then nearly triple to 15,200 in 2014. Overall growth will continue at a rapid pace through 2020.

With a fast-charging system, which offers a high-voltage DC charge instead of a slower AC charge, a vehicle can be fully charged in as little as 20 minutes.

“IHS believes fast charging is a necessary step to promote higher adoption of EVs, but there will need to also be better consumer education regarding behavioral changes that may need to happen when owning an electric vehicle—such as charging overnight or at work,” Alastair Hayfield, associate research director at IHS Automotive, said.

One fast-charging standard designed for electric vehicles is dubbed CHAdeMO, a primarily Japanese-backed technology. The major proponents of the technology are Japanese automotive OEMs—including Toyota, Nissan, Mitsubishi; and Japanese industrial giants—including Fuji Heavy Industries Ltd., Tokyo Electric Power Co. and more.

A second method is combined charging system (CCS), which offers electric vehicle owners the option of having a single charging inlet that can be used for all available charging methods. That includes 1-phase charging at an AC power source, high-speed AC charging with a 3-phase current connector at home or at public charging stations, DC charging at conventional household installation and DC fast charging at power-charging stations globally.
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