IHS Automotive forecasts number of DC fast-charging stations to reach almost 200,000 worldwide by 2020; 100x
IHS Automotive forecasts that the cumulative number of fast-charging stations installed worldwide will expand by a factor of 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. 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 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. 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.
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
While it is clear that DC charging is becoming the favored means for supporting rapid, range-extension electric vehicles, IHS Automotive says, it is less clear as to whether CHAdeMO or CCS will win the battle for the consumer. Japan will continue to utilize CHAdeMO, while Germany is set on using CCS; other nations likely will also utilize CCS as well, since it supports slow-charging. But no matter which solution is used, DC-based fast charging is critical to promoting consumer approval and interest in EVs, IHS Automotive concludes.