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In 2030, the global electric vehicle charging infrastructure reached 40 million

 In its latest report, GTM Research estimates that by 2030, electric vehicles will account for 11% of total new car sales, up from the current 3%. In contrast, Bloomberg New Energy Finance said earlier this year that it expects electric vehicles to account for 28% of all new car sales by 2030.

 
Charging infrastructure
 
As the electric vehicle market grows, the electric vehicle charging infrastructure market is also growing. According to GTM Research, the global electric vehicle charging infrastructure will reach 40 million charging points by 2030. As a result of this large-scale infrastructure development, a range of stakeholders in the energy and grid operations business are collaborating and developing new business models to participate in this growing market.
 
Timotej Gavrilovic, the first author of the report, commented: “The EV charging infrastructure ecosystem is very complex and most projects require strong partnerships between public and private stakeholders to deploy the necessary infrastructure.”
 
For many of the participants in the value chain, electric vehicle charging infrastructure is becoming an important business and there is currently no way to determine who will be involved or occupy the most important part. Excessive charging business models keep the market highly competitive and dynamic.
 
The annual market transaction volume for North American energy and grid services is expected to increase to $13 billion by 2030. This development is caused by different market models, such as energy clouds or vehicle-to-grid solutions. At the same time, the electric vehicle charging infrastructure market is opening up another market for equipment, installation, analysis and operational services. Over the next two years, GTM Research predicts that the North American charging infrastructure market will grow to $2.7 billion and will reach $18.6 billion by 2030.
 
According to the report, an additional 12 million residential charging points will be installed in North America alone by 2030. At the same time, in the European market, there will be 9 million charging points installed in private homes. For public charging infrastructure, GTM Research estimates that 1.6 million will be installed in Europe, compared to approximately 1.2 million in North America.
 
Inverter
 
For the residential charger market, a range of inverter suppliers have combined the combined electric vehicle charging device portfolio with solar inverters.
 
Many inverter suppliers are ready to offer electric car chargers to meet this market. At the same time, countless storage system vendors and municipal utility companies have established business models for electric vehicle charging stations. Such a product would allow customers to feed solar power from a residential roof into the grid and use the solar energy previously fed into the grid at a public charging point to pay for the electric vehicle charging.

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