A new report from Pike Research suggests that by 2020, Europe will see more than 2.9 million plug-in vehicles (PEVs) on its roads, and more than 4.1 million EV charging stations supporting this traffic.
The report also stated that the lack of a single alternating current standard has been an obstacle to the smooth roll-out of a Euro-zone EV charging station infrastructure. Since the EU has declined such a standard proposition, currently there exists one variety in Germany, another in France, and so on.
The report covers 19 European countries, and estimates growth of EVSE sales to hit 900,000 by 2020, up from around 47,000 today. The largest growth market is seen to be Germany, representing about 24 percent of the European region’s sales by 2020. In contrast, residential charger sales will drop to just 32 percent by that date, in sync with the growth of a robust public commercial charging infrastructure.
The research estimates that EVSE revenue will increase beyond $1.3 billion by 2020, and rapid growth will also occur in industries operating within the same ecosystem.
It is expected that EV and EVSE growth patterns will differ between Europe and North America, as the latter will have more people opting to use residential charging stations.