The rollout of electric vehicle infrastructure is finally picking up pace. But many countries are still a long way behind
There are signs of progress on electric vehicle infrastructure. Image: Roger Starnes Sr/Unsplash
- A lot of countries are significantly behind when it comes to adapting public infrastructure to match growing demand for electric vehicles (EVs).
- But there are signs of progress, with revenues related to EV infrastructure picking up pace.
- Statista expects 47.7% compound annual growth for global EV infrastructure revenue in 2017-27.
With bans on the production of petrol- and diesel-powered cars on the horizon in a number of key markets, the pace of EV penetration is really picking up. When it comes to public infrastructure to match this growing demand though, a lot of countries are still a long way behind .
As the latest forecasts from Statista's Mobility Market Outlook indicate however, revenues in this essential piece of the electric mobility puzzle are finally starting to enter catch-up mode. As this infographic shows, after a number of years with slow progress being registered, turnover in the sector is picking up at a more significant speed.
When measured from 2017 to 2027, Statista currently expects a 47.7 percent compound annual growth rate for global electric vehicle infrastructure revenues. As detailed in the report, the Mobility Market Outlook defines the scope of the forecasts as follows: "The electric vehicle infrastructure segment includes public charging stations. In this context, public means that the charging infrastructure is reachable via unrestricted access. Therefore, private charging stations at homes or residential parking lots, workplaces, car dealers, etc. are not included."
Don't miss any update on this topic
Create a free account and access your personalized content collection with our latest publications and analyses.
License and Republishing
World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.
The views expressed in this article are those of the author alone and not the World Economic Forum.
Stay up to date:
Electronics
The Agenda Weekly
A weekly update of the most important issues driving the global agenda
You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.