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According to research by Bloomberg New Energy Finance, if net zero emissions are to be achieved by 2050, it is expected that the cumulative global investment in charging stations will be as high as US$1.6 trillion. Therefore, with the rapid increase in sales of new energy vehicles, the overseas charging pile market is about to explode.

The European Commission plans to set tougher climate targets as part of the EU’s Green Deal initiative. In December, EU leaders expressed support for raising targets to cut vehicle emissions by at least 55 percent from 1990 levels by 2030, and the revision is expected to be finalized in June. Stricter emission standards are bound to promote the development of new energy vehicles in Europe.

The new energy vehicle market in Europe has risen in the past two years. In eight European countries, mainly Germany, France, the United Kingdom, Norway, Italy, Sweden, Spain and the Netherlands, the sales of new energy vehicles in 2021 will be around 1.95 million units, a year-on-year increase of 65%. %, the annual penetration rate of new energy vehicles is about 21%, and the annual market penetration rate of new energy vehicles in Norway even reaches 70%. From the analysis of the main markets, except for Italy and Spain, which are still at 10% market penetration, major countries have already jumped to 20% market penetration; Sweden and Norway are the two Nordic countries that have achieved high penetration directly due to their relatively small base. nation.

Judging from the latest European new energy vehicle sales market, the nine European countries sold 126,000 vehicles in February 2022, basically the same as the previous month, an increase of 31.4% year-on-year, and a penetration rate of 21%. It is estimated that in 2022, the sales of new energy vehicles in Europe is expected to reach 3 million units, with a year-on-year growth rate of 46%, corresponding to an annual penetration rate of 30%. It is expected to reach 6 million in 2025.

Among them, Germany’s sales in February this year were far ahead of 50,000, with a penetration rate of 24.9%. In February, the sales volume of new energy vehicles in Germany was 50,000 units, a year-on-year increase of 24.2%, a month-on-month increase of 25.4%, and a penetration rate of 24.9%, a year-on-year increase of 4.2pcts.

The German government has officially announced that it will continue to provide 5.5 billion euros of funds for electric vehicle charging infrastructure in the future. The provision of these funds will continue until 2024 to support Germany’s future core industries. German auto industry executives say the country’s auto industry is ready to meet tougher climate targets set by the European Commission. According to German media reports, German car companies believe that the increased acceptance of electric vehicles will help the country meet stricter emission limits.

To this end, the European Commission announced the fitfor55 environmental protection and emission reduction package. The European Commission requires member states to speed up the construction of new energy vehicle infrastructure and requires member states to ensure that there is an electric vehicle charging station every 60 kilometers on major roads, according to Ernst & Young. By 2035, Europe will have 130 million electric vehicles on the road, according to a joint report by the firm and the European Power Industry Trade Association. EY estimates that infrastructure expansion over the next decade will cost about $62 billion, with an additional $72 billion required. To install 56 million household charging piles.

According to the latest statistics from the agency, about 445,000 public charging piles have been installed in Europe in the past ten years. In order to meet demand in the future, Europe will need to install 500,000 public charging piles per year by 2030, and 1 million per year after that.

In addition, Canada, the United Kingdom, France, Spain, the Nordic countries and California have all announced to phase out the sale of new fuel vehicles by 2040. Globally, electric vehicles account for 9 percent of new vehicle sales, according to the International Energy Agency. And 20 percent of new cars sold in Europe last year were electric. Of the many countries, Norway has the most generous incentives for EVs, so that EV sales in the country account for 90% of new car sales.

In the process of electric vehicle development in China, we realize that charging infrastructure is an important guarantee for electric vehicle travel, and it is also an important support for promoting industrial development and promoting energy conservation and emission reduction.

At present, there is a huge market space for charging piles in Europe and the United States. On the basis of the small and effective “going overseas” of Chinese car companies, both traditional Chinese car companies and new car manufacturers are increasing their offensive in the European and American markets. According to data from the China Automobile Association, China will export 310,000 new energy vehicles in 2021, a three-fold increase year-on-year. Riding on the east wind of Chinese car companies going overseas, Chinese charging pile companies are also eager to try, and they will be able to do a lot.

Opportunities and challenges coexist, technical strength is the key

It is understood that European vehicle testing standards and regulations are more stringent than those of the Chinese market and require sufficiently mature technical support. In order for Chinese pile enterprises to go overseas to gain recognition from overseas markets, they also need to provide local after-sales services in various aspects such as charging pile installation and parts maintenance. This requires pile enterprises to truly have solid technology in order to gain a firm foothold.

In addition to facing fierce market competition, Chinese pile enterprises “going overseas” also face competition for international standards for charging piles.

MOREDAY utilizes mature and advanced modern energy digital technology to continuously develop the field of charging and swapping, and develop towards specialization, refinement and standardization compatibility, break through the underlying application technology to achieve technological innovation, and provide the best new energy vehicles for pile enterprises and operators. charging solution. MOREDAY actively joins hands with industry partners to participate in the development of the charging pile industry and promote the development of the new energy industry.