EV charging infrastructure to grow vastly by 2020: study

May 20, 2013 | 01:16 PM | Corinna Petry

Tags  electric vehicle, EV, plug-in hybrid, charging station, battery switching, ISM Research, IHS, Corinna Petry

CHICAGO — About 2.2 million charging stations for electric vehicles (EV) and plug-in hybrid vehicles will be built and shipped worldwide each year by 2020, a huge increase from an estimated 70,000 such stations shipped globally in 2011, according to a new research paper.

The study by IMS Research—acquired recently by IHS, which also owns Lexington, Mass.-based consultancy IHS Global Insight Inc.—showed that 135,000 charging stations were installed worldwide by the end of 2011 and forecast that 10.7 million charging stations will be installed by the end of this decade. The need for EV charging stations is growing along with consumer adoption of alternative-fuel vehicles.....

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