The EV Charging Infrastructure and Technology Expo is now a VIRTUAL SUMMIT to be hosted from 30th September until 2nd October 2020. Due to current social distancing norms and restrictions on international travel, the expo will be organised in a conference format over digital platform. Register to attend for FREE. If you are interested in business development activity, please get in touch with us to create bespoke packages to achieve your sales and marketing goals.
Charging station is estimated to be the fastest-growing segment from 2020- 2021 in the EV and EV infrastructure market As per a recent report from Markets and Markets Research Pvt. Ltd.
Post COVID-19, the global electric vehicle and electric vehicle infrastructure market is projected to reach 4.18 million units by 2021 from an estimated 3.42 million units in 2020, at a CAGR of 22.1%. The projection for 2021 is estimated to be down by 34% as compared to pre-COVID estimation.
As of 9th June 2020, Auto makers and electricity sector call for rapid action on charging points under EU recovery plan as per the press release. The European Automobile Manufacturers’ Association (ACEA) and Eurelectric welcome the focus on infrastructure for electrically-chargeable vehicles in the coronavirus recovery plan announced by the European Commission.
To boost demand after the dramatic collapse in vehicles sales seen in recent months, the EU recovery plan also foresees to promote ‘clean fleet renewals’. “We need to see rapid action on infrastructure roll-out to give consumers confidence to go out and buy an electric vehicle, thereby ensuring that the fleet can be renewed in an environmentally-friendly way,” urged Eric-Mark Huitema, ACEA Director General.
“Embedding clean mobility in Europe’s new normal requires speeding up the launch of battery electric vehicles and the rollout of charging infrastructure, as well as upgrading the grids and developing the appropriate storage solutions. These four points must be central and interlinked in any discussion on the future of mobility, as well as in recovery plans,” said Kristian Ruby, Secretary General of Eurelectric.
To support ever increasing demand for EV charging and rise in investments for charging infrastructure during COVID19 we will bring key stakeholders together to accelerate the action plan. Please join us for a series of webinars and virtual conferences that will not only help you understand market situation, but also make new connections and learn from latest success stories.