Major markets for public charging infrastructure face challenges such as excessive concentration of charging stations

According to the latest survey by TrendForce, the global deployment of public electric vehicle charging stations is constrained by land supply and grid planning, coupled with the slowdown in the growth of the new energy vehicle market.

According to the latest survey by TrendForce, the global deployment of public electric vehicle charging stations is constrained by land supply and grid planning, coupled with the slowdown in the growth of the new energy vehicle market. The growth rate is estimated to be 30% in 2024, a sharp decline from 60% in 2023.

China continues to maintain its leading position in the global public charging station field, and is expected to reach 3.6 million by the end of 2024, accounting for nearly 70% of the global total. South Korea's performance is also very strong, with an expected growth rate of 39% this year, the fastest in the world, and is expected to achieve the goal of 500,000 public charging stations in 2025.

However, the current distribution of public charging stations is too concentrated. TrendForce pointed out that this highly concentrated layout of charging facilities not only limits the freedom of car owners to plan routes, but may also aggravate "charging anxiety", thereby affecting the popularity of new energy vehicles.

Countries are increasingly adopting DC public charging stations to improve charging efficiency. TrendForce expects DC chargers to account for 37% of global public chargers in 2024, up 2% from 2023. However, the expansion of public charging infrastructure is slowing down, and major markets face challenges such as over-concentration of chargers. As of October 2024, in Europe, the Netherlands, Germany, and France have a total share of public chargers of 58%. In the United States, 26% of public chargers are concentrated in California.

TrendForce emphasizes that the huge gap between leading regions and other regions exacerbates challenges such as route planning and charging anxiety, ultimately hindering the growth of new energy vehicle penetration. Range anxiety continues to affect the growth of the pure electric vehicle market and is unlikely to be resolved in the short term. Stagnation in battery energy density limits progress in range, further exacerbating the problem. Therefore, continuing to expand public charging infrastructure remains one of the most viable solutions. Although the growth of public electric vehicle chargers may slow down, they will maintain a steady positive growth momentum due to their important role in alleviating range anxiety and supporting the new energy vehicle market.