Forecast: 10 Million Electric Car Charging Stations Worldwide By 2020
Tesla Motors might have scored its first-ever profit during the first quarter, but sales of plug-in vehicles are lagging below expectations, which analysts blame on the high price of battery-based vehicles as well as their limited range.
But the nascent electric vehicle market may get a big boost if a new study from IMS Research proves on target. It predicts the number of EV charging stations will grow from a mere 135,000 worldwide in 2011 to as many as 10.7 million in 2020, with the fastest growth likely to occur in the U.S., China, Japan and Germany.
"While (EV and plug-in hybrid sales) volumes may not reach the levels imagined in the hype of 2009, it is clear that there needs to be charging infrastructure in place to support this change in mobility," says Alastair Hayfield, associate director at IMS Research.
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