China Has 65% of Public EV Charging Stations Worldwide

STOCKAPPS.COM - Easy accessibility to charging stations is one of the essential requirements in the global push toward electric vehicles (EVs). Meanwhile, most of the world is still preparing to build the necessary infrastructure; China has already taken significant strides. According to the numbers presented by StockApps.com, 65% of global public EV charging stations exist in China.

According to the latest data on Statista, China has a total of 1.15 million publicly available EV charging stations. This figure accounts for 65% of all public charging stations available worldwide. Of China’s total figure, 677,000 stations are slow-charging ones, while 470,000 are fast-charging stations. Thus, 41% of stations in China have the fast-charging capability. China has a disproportionately high number of stations compared to the rest of the world and a comparatively high share of fast-charging stations.

The United States of America finds itself in the distant second spot. According to the data, the US has only 113,527 charging stations, of which only 21752 are of fast-charging capability. Hence, a massive 81% of stations in the US have only slow charging capability. The huge gulf in the numbers of two countries is surprising considering the popularity of major EV maker Tesla in the US.

South Korea compares with the US despite having a minor population. The East Asian country has 106,701 public charging stations, including 15,067 with fast charging capability.

Expectedly, the list consists of developed economies from Europe, North America and East Asia. The Netherlands has the most public charging stations in Europe. It is fourth on the list with 85,453 stations. Three more European nations follow the Dutch in France (54,260), Germany (50,972) and the United Kingdom (36,984). 

In the rest of the list, Norway stands out the most. It has only 19,278 charging stations, but the Scandinavian nation has invested more in fast-charging stations. 35% of public EV charging stations in Norway have a fast-charging capability. 

2022 predictions: China to rule EV landscape in 2022, says GlobalData

2022 Imperium ET5

GLOBALDATA - Electric vehicles (EVs) are becoming increasingly popular among consumers but are causing issues for automakers, who are grappling with supply chain crises and raw material shortages. In its latest report, ‘Tech, Media, & Telecom (TMT) Predictions 2022 – Thematic Research’, leading data and analytics company GlobalData predicts that Tesla and China are set to maintain their dominance in the EV sector.

As 2021 draws to a close, Amrit Dhami, Thematic Analyst at GlobalData, offers her view on these predictions:  

The lithium shortage will not affect all players equally

“In the short term, the lithium shortage will barely scuff the shoes of the big players like Tesla and Toyota, as their supply chains are more vertically integrated. Further, lithium supply issues won’t necessarily mean a drastic rise in the cost of EVs in the short run—automakers could compensate elsewhere on the production line and offer lower-quality interiors.

“Looking further into the future, Tesla and Toyota are betting on different horses for the future of EV batteries, with Toyota set on solid state. We’ll see the first EVs powered by solid-state batteries hit the roads by 2025, but these will be a lot costlier than regular lithium-ion EVs, and so won’t reach the mass market until later.”

Tesla to retain its crown in the West, but China will dominate the overall EV landscape

“Many automakers have now committed to producing EVs, but Tesla’s brand power will be problematic for BMW, Mercedes, and others in the premium space. If a consumer is willing to splash the cash on a pricier EV, they’re inclined to go for the face of the market—Tesla.

“In 2020, 48% of all EVs on the road could be found in China — more than the combined figure for the US and Europe. China’s EV fleet will be 60% of the world’s total by 2030. Xi Jinping has extended both the sales tax exemption on EVs and subsidies for domestically built EVs to the end of 2022.

“China’s large domestic market, raw materials access, and favorable government policies mean it will continue to dominate the EV landscape and won’t be as disadvantaged by the lithium shortage. Xi Jinping has facilitated the growth of the domestic EV market, causing Tesla to lose market share in China to BYD. This is not only to cement China’s dominance in EVs but also to help meet the net zero target year of 2060.”

The shift towards EVs is becoming demand led

“EVs as a proportion of new light vehicle production will rise from 5% in 2021 to 11% in 2025, with annual EV production exceeding 10 million units.

“The shift towards EVs has mainly been driven by environmental, social and governance (ESG) related legislative changes, but momentum is also becoming led by demand. This year’s energy crisis means people don’t want to be so reliant on global supply chains, accelerating the move away from petrol and diesel. Consumers are also becoming more environmentally conscious—particularly Generation Z.”