As electric vehicle (EV) penetration is expected to exceed 30% in 2025, demand for EV infrastructure is growing rapidly, according to DIGITIMES Research. China, the US and the EU have accelerated construction of charging stations and other clean energy installations.
According to DIGITIMES Research, total global car sales increased by 3.8% in 2021 to 71 million units, while global electric vehicle (EV) sales more than doubled in the same year. It is estimated that in the medium to long term, EV sales will reach 29.64 million units in 2025 and penetration will exceed 30%.
China has the most electric vehicles and public chargers with the highest rate of charge to an electric vehicle. While six electric vehicles must use one charger in China, the ratio of electric vehicles to chargers remains at 11: 1 in Europe and 16: 1 in the US.
Sources at suppliers said that nearly 80% of electric vehicle chargers on the global market are CCS1, CCS2 and GB/T, with orders for CCS (combined charging system) types growing fairly steadily. CCS is the main standard in Europe and the US and GB/T is the national standard in China.
Charger manufacturers are now working on installing more chargers and reducing the time it takes to charge. Sources said charging electric cars with DC fast chargers could take as little time as adding petrol to an internal combustion engine car, and demand for fast chargers is growing.
But sources added that fast-charging solutions involve high power, which therefore sets special requirements for the power grid and safety standards. Therefore, fast chargers are not deployed as quickly as conventional chargers.
Taiwanese companies Delta Electronics, KS Terminals, Sinbon, Acbel Polytech, Hotron Precision, BizLink Holding, Phihong Tech and CCP Contact Probes supply charging connectors and other components.