Global public EV charging pile deployment faces challenges like land availability, grid planning, and a slowdown in the New Energy Vehicle (NEV) market.
The growth rate for 2024 is projected at 30 percent, a significant drop from 60 percent in 2023.
China will account for nearly 70 percent of global public EV charging piles, reaching 3.6 million units by the end of 2024.
Over-concentration is a challenge, with 20 percent of China’s charging piles located in Guangdong Province.
South Korea’s annual growth rate in public EV chargers is expected at 39 percent, aiming for 500,000 units by 2025.
DC public chargers, offering higher efficiency, will comprise 37 percent of global public charging piles in 2024 (up by 2 percent from 2023).
Europe: 58 percent of charging piles are concentrated in the Netherlands, Germany, and France.
U.S.: 26 percent of public charging piles are in California.
Disparities between charging infrastructure in key regions and others limit route planning and increase charging anxiety.
Range anxiety and plateauing battery energy density continue to hinder Battery Electric Vehicle (BEV) adoption.
Public charging infrastructure remains crucial for addressing range anxiety and supporting NEV adoption, ensuring continued — though slower — growth.