Manufacturer for home EV Charging Facilities and Software Platform

The demand for charging stations in Europe and the United States has exploded, and Chinese electric vehicle Station companies have ushered in the opportunity of "gold panning"

According to Bloomberg New Energy Finance Research, if you want to achieve net zero emissions in 2050, it is expected that the cumulative global investment in charging stations required will be as high as 1.6 trillion US dollars, and major countries and regions in Europe and the United States have successively issued capital subsidies and investment plans for the construction of charging facilities, so with the rapid increase in sales of new energy vehicles, the overseas electric vehicle Station market is about to explode.

According to Bloomberg New Energy Finance Research, if you want to achieve net zero emissions in 2050, it is expected that the cumulative global investment in electric vehicle charging stations required will be as high as 1.6 trillion US dollars, and major countries and regions in Europe and the United States have successively issued capital subsidies and investment plans for the construction of electric vehicle charging Stations, so with the rapid increase in sales of new energy vehicles, the overseas electric vehicle Station market is about to explode.

As part of the EU's Green Deal initiative, the European Commission plans to set stricter climate targets. In December, EU leaders expressed support for raising vehicle emissions reduction targets by at least 55% by 2030 from 1990 levels, with the revision expected to be finalized in June. Stricter emission standards are bound to promote the development of new energy vehicles in Europe.

In the eight European countries, mainly Germany, France, the United Kingdom, Norway, Italy, Sweden, Spain and the Netherlands, the annual sales of new energy vehicles in 2021 will be about 1.95 million units, a year-on-year increase of about 65%, the annual penetration rate of new energy vehicles is about 21%, and the annual market penetration rate of Norwegian new energy vehicles has even reached 70%. From the analysis of major markets, in addition to Italy and Spain, which are still at 10% market penetration, major countries have jumped to 20% market penetration; Sweden and Norway are two Nordic countries with a relatively small base that directly achieves high penetration.

From the perspective of the latest European new energy vehicle sales market, the sales volume of the nine European countries in February 2022 was 126,000 units, basically unchanged from the previous month, an increase of 31.4% year-on-year, and the penetration rate reached 21%. It is expected that sales of new energy vehicles in Europe will reach 3 million units in 2022, a year-on-year growth rate of 46%, corresponding to a penetration rate of 30% for the whole year. It is expected to reach 6 million units in 2025.

Among them, Germany led the way in sales of 50,000 units in February this year, with a penetration rate of 24.9%. German NEV sales in February were 50,000 units, up 24.2% y/y and 25.4% m/m, and penetration was 24.9%, up 4.2pcts y/y.

The German government has officially announced that it will continue to provide 5.5 billion euros of funds for electric vehicle charging stations in the future, which will continue until 2024 to support Germany's future core industries. German auto industry executives say the country's auto industry is ready to meet stricter climate targets set by the European Commission. According to German media reports, German car companies believe that the increased acceptance of electric vehicles will help the country meet stricter emission restrictions.

To this end, the European Commission announced the Fit for 55 environmental protection emission reduction package, the European Commission asked member states to accelerate the construction of new energy vehicle infrastructure, requiring member states to ensure that there is 1 electric vehicle charging station every 60 kilometers on major roads, according to a joint report by Ernst & Young and the European Power Industry Trade Association, by 2035, With 130 million electric vehicles on the road in Europe, EY estimates that infrastructure expansion over the next decade or so will cost about $62 billion, with an additional $72 billion needed to install 56 million home electric vehicle charging stations.

According to the latest statistics of the agency, about 445,000 public electric vehicle charging stations  have been installed in Europe in the past decade. In the future, in order to meet demand, Europe will need to install 500,000 public electric vehicle charging stations per year by 2030, and then 1 million electric vehicle charging stations per year.

With stronger incentives from European governments and car companies rolling out more electric vehicles to attract consumers, the EU has become the world's second-largest market for new energy vehicles after China. After the number of electric vehicles has increased significantly, car manufacturers have begun to worry about the shortage of electric vehicle charging stations, especially when Volkswagen, BMW, and Volvo are accelerating the transition to electric vehicles.

Across the mainland, Britain's transport secretary also said: "We are delighted with BP's transition to clean energy. We will accelerate our goal of net zero emissions and increase green jobs across the UK. BP said last month it plans to halve carbon emissions from its operations by 2030, compared with its previous target of 30%-35%; The company's goal is to accelerate its goal of net zero emissions by 2050. BP said it plans to invest £1 billion ($1.32 billion) in the UK over the next decade to build electric vehicle charging stations to meet the country's growing green energy needs.

Ireland, which is close to the UK, has also previously said that it needs to provide 100,000 fast electric vehicle charging stations for electric vehicles over the next eight years to meet the government's carbon emissions plan. If the Irish government wants to reach its target of nearly 1 million electric vehicles on the road by 2030, huge investments in incentives and electric vehicle charging stations will be needed. With only 1,900 electric vehicle charging stations currently installed in 800 locations across the island of Ireland and 47,000 electric vehicles on the road, there is also a huge room for growth.

From the perspective of the US new energy vehicle sales market, a total of 59,554 new energy vehicle vehicles were sold in the US market in February 2022, a year-on-year increase of 68.9%, and the penetration rate of new energy vehicles was 5.66%. In the first two months, 112,829 vehicles had been sold in the United States. Electric vehicles are also becoming more accepted by consumers in the United States, with 1 in 4 Americans saying it's "somewhat likely" to choose an electric car on their next purchase, according to the Pew Research Center.

On the other hand, as oil prices rise, more people are starting to buy new energy vehicles. On March 7, the average gasoline price in the United States rose to $4.10 per gallon, costing more than $55 to refuel a midsize gasoline car; using a public fast charger to fully charge an electric vehicle in its class at $20-$45; and charging at home at $16 or less. A Denver resident said, "Electricity is cheaper at night, and it only costs $2.60 to fully charge." Now that oil prices are soaring, doesn't that sound tempting? ”

At the same time, home electric vehicle charging stations in the United States is improving rapidly. In February 2022, the Biden administration announced a plan that will allocate nearly $5 billion over five years to build thousands of electric vehicle charging stations, and in government documents, it is also pointed out that states in the United States should prioritize investment in interstate highways, interstates should have electric vehicle charging stations every 50 miles, and the distance between charging stations and roads should not exceed 1 mile, states should strive to build DC charging stations, and each charging station should be arranged with at least 4 charging stations, which can meet the charging needs of four electric vehicles at the same time. 80% of the cost of charging stations is borne by the federal government. Moreover, on May 13 this year, the US Department of Transportation will announce the national standard for electric vehicle charging stations  to ensure that every installed charging stations can be used normally.

According to the latest foreign media reports, the US government regulator recently said that the US government may need more than 100,000 charging stations to support the promotion of electric vehicles, and as of March this year, federal agencies have about 1,100 charging stations, a huge gap. According to Biden's executive order, the government's purchase of light vehicles will be "zero emissions" by 2027. It is estimated that the U.S. government typically buys about 50,000 vehicles a year, and a large number of charging stations  will need to be built to support this plan.

In addition, Canada, the United Kingdom, France, Spain, the Nordic countries and California have also announced the gradual suspension of new fuel vehicles by 2040. According to the International Energy Agency, globally, electric vehicles account for 9% of new car sales. Last year, 20 percent of new cars sold in Europe were electric. Norway has the most generous incentives for electric vehicles among the countries, so much so that the country accounts for 90% of new car sales.

Even Japanese car companies, which account for less than 1% of electric vehicle sales, are vigorously promoting the construction of charging facilities. According to the website of the Japan Broadcasting Association, consumers in Japan are paying more and more attention to electric vehicles, but unfavorable factors such as the small number of electric vehicle charging stations and long charging time limit the popularity of electric vehicles. In this regard, Tesla's number of Supercharger stations in Japan has increased by nearly 20 in the past year to 46. In addition, the Volkswagen Group plans to install fast-charging stations at 250 points of sale in Japan, which account for approximately 70% of the total. Toyota Motor Corporation also plans to install chargers at all 5,000 points of sale in Japan.

In the process of China's electric vehicle development, we realize that charging infrastructure is an important guarantee for electric vehicle travel, and it is also an important support for promoting industrial development and promoting energy conservation and emission reduction.

At present, on the one hand, the number of new energy vehicles in Europe and the United States is growing rapidly, and the charging demand for electric vehicles is also accelerating; On the other hand, due to the old urban infrastructure, cumbersome policies and uneven population distribution in Europe and the United States, there are also problems such as the unavailability of new energy electric vehicle charging stations in cities or the low utilization rate. It is also necessary to scientifically and reasonably lay out the charging stations, which can bring a convenient charging experience to users and reduce costs for enterprises and users.

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