Frost & Sullivan has released a report stating that 4.1 million electric vehicle charging points will be in place in North America by 2017. The most common ones, 71 percent will be Level 1 charging stations for home charging, followed by level 2, which will account for 27 percent of the installed network (DC fast chargers will only make up a sliver of the total). To go along with the fact that most chargers will be private, nearly 87 percent of all electric vehicles are expected to be charged in residential locations, where they'll be parked in the garage for 10 to 12 hours in a day.
As stated, the report forecasts 4.1 million of these chargers being ready in five years. Wow! Okay, let's start with EV charging stations currently in place and do the numbers.
According to the U.S. Dept. of Energy's Alternative Fuels Data Center, there are currently a little bit more than 4,150 EV charging stations in the U.S. Statistics were not readily accessible on Canada and Mexico, but let's assume there are at least 500, bringing the North American total for public charging stations to about 4,600. Now, let's assume there are roughly 35,000 home charging stations installed since that's about how many Chevrolet Volt, Nissan Leaf and competitive models have been sold in the past couple of years. So, we figure, there could be about 40,000 charging stations currently installed in North America.
"The charging infrastructure is expected to grow at a compound annual growth rate (CAGR) of 128.12 percent, due to the currency of the 'green' concept and oil prices' volatility," according to the press release. Now, wait a minute. We calculated the CAGR from 40,000 to 4.1 million in five years and got 152.43 percent. Perhaps Frost & Sullivan is starting from a slightly higher number of installed chargers, but something seems to be missing here.
No comments:
Post a Comment