If net-zero emissions are to be achieved by 2050, it is estimated that the cumulative global investment in charging stations required will be as high as 1.6 trillion US dollars. Major countries and regions in Europe and the United States have successively released financial subsidies and investment plans for the construction of charging facilities. With the rapid increase in sales of 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 the sales of new energy vehicles in Europe in 2022 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 fit for 55 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 According to a joint report by Ernst & Young and the European Power Industry Trade Association, there will be 130 million electric vehicles on the road in Europe by 2035. Ernst & Young estimates that infrastructure expansion over the next decade will cost about $62 billion, and an additional $720 will be needed. $100 million to install 56 million home charging points.
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.
The European Union has become the world's second-largest new energy vehicle market after China, as European governments introduce stronger incentives and car companies roll out more electric vehicles to lure consumers. After the number of electric vehicles has increased significantly, automakers have begun to worry about the shortage of charging points, especially when Volkswagen, BMW and Volvo are accelerating the transition to electric vehicles.
On the other side of the continent, the UK's transport secretary also said: "We are delighted with BP's transition to a clean energy sector. We will accelerate our goal of net-zero emissions and increase green jobs across the UK." BP said last month, It plans to halve its operational carbon emissions by 2030, up from a previous target of 30%-35%; the company aims to accelerate its goal of net-zero emissions by 2050. BP said it plans to invest 1 billion pounds ($1.32 billion) in Britain over the next decade to build electric vehicle charging infrastructure to meet the country's growing demand for green energy.
Ireland, which is close to the UK, has also previously said it needs to provide 100,000 fast-charging stations for electric vehicles over the next eight years to meet the government's carbon emissions plan. Huge investment in incentives and charging infrastructure is needed if the Irish government wants to reach its target of nearly 1 million electric vehicles on the road by 2030. With only 1,900 charging points installed in 800 locations across the island of Ireland and 47,000 electric vehicles on the road, there is huge room for growth.
From the perspective of the US new energy vehicle sales market, in February 2022, a total of 59,554 new energy vehicles were sold in the US market, a year-on-year increase of 68.9%, and the penetration rate of new energy vehicles was 5.66%. In the first two months, 112,829 units have been sold in the United States. Electric vehicles are also becoming more acceptable to consumers in the U.S., with 1 in 4 Americans saying they are "somewhat likely" to choose an electric vehicle for their next car purchase, according to the Pew Research Center.
On the other hand, as oil prices rise, more people start to buy new energy vehicles. On March 7, the average price of gasoline in the United States rose to $4.10 per gallon, and it cost more than $55 to refuel a mid-size gasoline car; using a public fast charger to fully charge an electric car of the same class costs 20-45 USD; charging at home costs $16 or less. A Denver resident said: "Electricity is cheaper at night, and it only costs $2.60 for a full charge. Now that gas prices are soaring, doesn't this price sound very tempting?"
At the same time, America's charging infrastructure is rapidly improving. In February 2022, the Biden administration announced a plan to allocate nearly $5 billion over five years to build thousands of electric vehicle charging stations. In government documents, it also pointed out that U.S. states should prioritize investing in interstate highways. Interstate highways should be equipped with charging facilities every 50 miles, and charging piles should not be more than 1 mile away from the road. States should strive to build DC charging piles, and each charging station should be equipped with at least 4 charging piles, which can meet the requirements at the same time. 80% of the charging infrastructure cost is borne by the federal government for the charging needs of the four electric vehicles. Moreover, on May 13 this year, the US Department of Transportation will announce the national standard for electric vehicle charging piles to ensure that every installed charging pile can be used normally.
According to the latest foreign media reports, U.S. government regulators said recently that the U.S. government may need more than 100,000 charging piles to support the promotion of electric vehicles, and as of March this year, federal agencies had about 1,100 charging piles, a huge gap. Under Biden's executive order, government-purchased light-duty vehicles will have "zero emissions" by 2027. The U.S. government is expected to typically buy about 50,000 vehicles a year, and will need to build a large number of charging piles to support this plan.
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.
Even Japanese automakers, which account for less than 1% of electric vehicle sales, are vigorously promoting the construction of charging facilities. According to the website of the Japan Broadcasting Association, Japanese domestic consumers are paying more and more attention to electric vehicles, but unfavorable factors such as the small number of charging piles and the long charging time limit the popularity of electric vehicles. With this in mind, the number of Tesla's super-charging stations in Japan has increased by nearly 20 in the past year to 46. In addition, the Volkswagen Group plans to install fast charging facilities at 250 sales points, which account for about 70% of the total in Japan. Toyota Motor Corporation also plans to install chargers at all about 5,000 sales points in Japan.
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, in Europe and the United States, on the one hand, the number of new energy vehicles is growing rapidly, and the demand for electric vehicle charging is also accelerating; The charging pile is unavailable or has problems such as low utilization. It is also necessary to lay out the charging piles scientifically and reasonably, which can bring users a convenient charging experience and reduce costs for enterprises and users.
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.
