EVs gain ‘significant’ auto market share

EVs are starting to gain “significant market share” in the automobile industry with sales increasing in response to rising fuel costs and the need for green transportation.

By 2030 the largest automotive markets will go electric, although EVs will need to account for 75% of passenger car sales globally by then, which significantly outpaces the current course and speed of the industry, says a new report from the Market Data Centre.

The main advantage of electric mobility (e-mobility) is that it greatly improves people’s quality of life by offering a clean alternative to the traditional internal combustion engine (ICE), it says.

“For this EV wave to succeed, charging infrastructure will need to be expanded,” the report adds.

“The charging infrastructure must be convenient for drivers to feel comfortable using electric vehicles. As a result, governments around the world are working to create policies supporting the development of sustainable transport, such as urban electric transportation, changes in tax policies, and the creation of regulatory frameworks for sustainable transport.”

Electric Mobility Network is an infrastructure of EV charging stations for universal access and interoperable with all other networks, creating an infrastructure for EV charging at any network’s charging points.

Companies that provide EV charging infrastructure include proprietary and hardware-agnostic solutions providers, the report explains. Hardware-agnostic providers allow customers to switch their charging stations to a different network company if they choose while proprietary providers do not allow this.

A company can operate for-profit in a specialised capacity as either an E-Mobility Service Provider (EMSP) or a Charge Point Operator (CPO), or it can combine the roles into one business.

EMSPs provide charging services for EV drivers and help them locate available charging stations, initiate charging sessions, and authorise payment for these services with a variety of methods.

EV service providers may focus on enabling access to their company charging stations as well as third-party charging stations through roaming.

A CPO is a company that manages a pool of charging stations, connecting smart charging devices to EMSP. CPOs often rely on EMSPs to provide access to charging stations.

The Electric Vehicles Initiative (EVI) is a multi-governmental forum that aims to promote the adoption of EVs worldwide.

The initiative serves as a platform for knowledge sharing and helps governments to better understand the policy challenges related to e-mobility and address them, the report says.

It also provides assistance to countries in the development of EV policies that balance emissions reductions and economic competitiveness objectives.

Forum members include New Zealand, Canada, Chile, China, Finland, France, Germany, India, Japan, Netherlands, Norway, Poland, Portugal, Sweden, and the United Kingdom.

A sample report is available along with access to the full 285-page report.