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Electric Vehicle Charging Equipment Sales to Reach 4.3 Million Units Worldwide in 2022, Forecasts Navigant Research



  Electric Vehicle Charging Equipment Sales to Reach 4.3 Million Units
  Worldwide in 2022, Forecasts Navigant Research

Business Wire

BOULDER, Colo. -- October 3, 2013

Buoyed by strong growth in the market for plug-in electric vehicles (PEVs),
the market for electric vehicle charging equipment – better known in the
industry as electric vehicle supply equipment, or EVSE – has expanded rapidly
in the last 18 months, as well. This growth has also been fueled by government
programs that have continued to support EVSE deployments, and by companies
that are bringing a broader portfolio of products to market. According to a
new report from Navigant Research, worldwide sales of EVSE will grow from
around 442,000 units in 2013 to 4.3 million in 2022.

“As the EVSE market has matured, some of its early challenges, such as a lack
of compatibility of charging units with various PEV models, have dissipated,”
says Lisa Jerram, senior research analyst with Navigant Research. “Today there
is increasing choice for consumers, including chargers with a wide range of
power ratings, home chargers that are competing on price, public chargers with
more options for payment and access, the first commercially available wireless
charger, and an increasing number of high-speed DC chargers.”

This market, however, is not without growing pains, according to the report.
The most notable challenges are related to the very large number of players
competing for what remains, for now, a relatively small market. The industry
still must devise an easy way for motorists to access public chargers hosted
by a multitude of network operators, each of which often requires its own key
card or access code. At the same time, the industry has not yet figured out
how to expand public charging without relying on government subsidies.

The report, “Electric Vehicle Charging Equipment”, analyzes the global EVSE
market. The study provides an assessment of EV charging equipment, likely
future market growth, and major market and technology trends. Global market
forecasts of EVSE unit sales, revenue, and related electricity demand,
segmented by type and location of charging and world region, extend through
2022. Forecasts for global PEV sales are included, as well. The report also
examines demand drivers related to EVSE and key industry players within the
competitive landscape. An Executive Summary of the report is available for
free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market
research and benchmarking services for rapidly changing and often highly
regulated industries. In the energy sector, Navigant Research focuses on
in-depth analysis and reporting about global clean technology markets. The
team’s research methodology combines supply-side industry analysis, end-user
primary research and demand assessment, and deep examination of technology
trends to provide a comprehensive view of the Smart Energy, Smart Utilities,
Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional
information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated
to assisting clients in creating and protecting value in the face of critical
business risks and opportunities. Through senior level engagement with
clients, Navigant professionals combine technical expertise in Disputes and
Investigations, Economics, Financial Advisory and Management Consulting, with
business pragmatism in the highly regulated Construction, Energy, Financial
Services and Healthcare industries to support clients in addressing their most
critical business needs. More information about Navigant can be found at
www.navigant.com.

* The information contained in this press release concerning the report,
“Electric Vehicle Charging Equipment,” is a summary and reflects Navigant
Research’s current expectations based on market data and trend analysis.
Market predictions and expectations are inherently uncertain and actual
results may differ materially from those contained in this press release or
the report. Please refer to the full report for a complete understanding of
the assumptions underlying the report’s conclusions and the methodologies used
to create the report. Neither Navigant Research nor Navigant undertakes any
obligation to update any of the information contained in this press release or
the report.

Contact:

Navigant Research
Richard Martin, +1-303-493-5483
richard.martin@navigant.com
or
Laverne Murach, +1-202-481-7336
laverne.murach@navigant.com
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