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Number of Fast-Charging Stations for Electric Vehicles Set to Rise to Nearly 200,000 in 2020 | AltEnergyMag Press Release

El Segundo, Calif. (Aug. 27, 2013)—Fast-charging technologies are driving the growth of the electric vehicle (EV) recharging market, with the cumulative number of stations established worldwide expanding by a factor of more than 100 times from 2012 to 2020, according to a new report from IHS Automotive, part of IHS Inc. (NYSE: IHS), a leading global source of critical insight and information.

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Total fast-charging stations for EVs are set to reach 199,000 locations globally in 2020, up from just 1,800 in 2012. 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.

The attached figure presents the cumulative number of EV fast-charging stations established worldwide.

Hard charging

“The length of time it takes to recharge an EV continues to be one of the major stumbling blocks inhibiting the widespread adoption of electric vehicles,” said Alastair Hayfield, associate research director at IHS Automotive. “Compared to the time it takes to refuel an internal combustion engine (ICE) vehicle, the recharge time for EVs is incredibly slow—at about four hours to charge a 24 kilowatt-hour (kWh)-capacity battery using a 6.6 kW on-board charger. If EV auto manufacturers could overcome this obstacle, it could lead to a high rate of adoption from environmentally minded consumers as well as those seeking to cut gasoline expenses. That’s where fast charging comes in.”
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