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Type_bold__AXu72">EV Charging Trends 2024: Rapid Growth and New Challenges</h1></div><div class="ArticleHeader_Details__3n5Er"><div class="ArticleHeader_DetailsContent__2O7XT"><div class="Type_m-body2__3AsD- Type_d-body3__24mDH Type_medium__2avgC">By <a class="ArticleHeader_Author__1vmPE" href="/author/libby-hargreaves">Libby Hargreaves</a></div><div class="Breadcrumbs_Breadcrumbs__3yIKi"><div class="Breadcrumbs_Crumb__aBP5K"><div class="Type_m-body2__3AsD- Type_d-body3__24mDH Type_medium__2avgC">August 23, 2024</div></div><div class="Breadcrumbs_Crumb__aBP5K"><div class="Type_m-body2__3AsD- Type_d-body3__24mDH Type_medium__2avgC">undefined mins</div></div></div></div><div class="ArticleShare_ArticleShare__2O9DY"><div class="Type_m-body2__3AsD- Type_d-body4__2SgZs Type_medium__2avgC ArticleShare_Title__3qNLb">Share</div><div class="ArticleShare_Share__3XOzy"><button aria-label="linkedin" class="react-share__ShareButton ArticleShare_ShareItem__2mQa4" 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364px),calc((100vw - 80px) * 0.5)" srcSet="https://assets.bizclikmedia.net/138/81a0ec6d158cbbc990b37274b1a5861c:6ab9c4a082ad0527e8c342f9d4a023b6/gettyimages-1447219795.webp 138w, https://assets.bizclikmedia.net/206/81a0ec6d158cbbc990b37274b1a5861c:4b4c243e0221b35ad0dcd6e07bd54fd0/gettyimages-1447219795.webp 206w, https://assets.bizclikmedia.net/290/81a0ec6d158cbbc990b37274b1a5861c:ed8d094a81a4bef0f7e47e316ec50f6f/gettyimages-1447219795.webp 290w, https://assets.bizclikmedia.net/412/81a0ec6d158cbbc990b37274b1a5861c:79ec42076f8b996b07d32eb22b542f9a/gettyimages-1447219795.webp 412w, https://assets.bizclikmedia.net/580/81a0ec6d158cbbc990b37274b1a5861c:e20948983dbeefeb879f27690f7a9174/gettyimages-1447219795.webp 580w, https://assets.bizclikmedia.net/900/81a0ec6d158cbbc990b37274b1a5861c:25985d90660e2d5e9195c5416ff0ed62/gettyimages-1447219795.webp 900w, https://assets.bizclikmedia.net/1336/81a0ec6d158cbbc990b37274b1a5861c:818b646bf081bea3600ef12797ee3976/gettyimages-1447219795.webp 1336w, https://assets.bizclikmedia.net/1800/81a0ec6d158cbbc990b37274b1a5861c:ff4133bd3f6a6814688246271cb51e82/gettyimages-1447219795.webp 1800w" style="background:grey"/></div></div><div class="Type_m-body2__3AsD- Type_d-body3__24mDH Type_regular__14KuX CaptionedMedia_Caption__3fYkG">Explore the evolving landscape of electric vehicle charging infrastructure</div></div></div><div class="WidgetWrapper_WidgetWrapper__R4uge"><div class="Type_m-heading8__NOAVC Type_d-heading5__3G4F0 Type_bold__AXu72">Explore the evolving landscape of electric vehicle charging infrastructure, from innovative technologies to policy impacts, shaping a greener future</div></div><div class="WidgetArea_WidgetArea__3v9Kg"><div class="Stack_medium__7HR3V"><div class="WidgetWrapper_WidgetWrapper__R4uge"><div class="Prose_Prose__2zaJW"><p>The <a data-cke-saved-href="https://evmagazine.com/articles/zeekr-fastest-charging-ev-battery" target="_blank" href="https://evmagazine.com/articles/zeekr-fastest-charging-ev-battery">electric vehicle (EV) charging industry</a> is experiencing remarkable growth as the country steadfastly works towards its ambitious target of achieving net zero emissions by 2050. <br></p><p>The latest statistics for 2024 paint a vivid picture of this transformation. The UK’s EV charging sector is forecast to be valued at £3.9bn (US$5.1bn) by 2030, highlighting a period of substantial expansion throughout this decade. </p><p>As of April 2024, the UK boasts 61,232 public EV charging points, which represents a remarkable 53% increase from the previous year.<br></p><p>Meanwhile, the Global EV Outlook 2024 report by the International Energy Agency (IEA) provides an in-depth analysis of the electric vehicle (EV) market globally, highlighting significant trends, statistics and projections for the coming years. <br></p></div></div><div class="WidgetWrapper_WidgetWrapper__R4uge"><div class="Container_Container__kGtrv Container_center__1aPRj Container_gutter__1BsoG Container_mediumLarge__1YVTf"><span data-has-anchor="true" id="f69aWUSt6AE"></span><div class="ResponsiveMedia_ResponsiveMedia__fiHDT" style="padding-bottom:56.25%"><div data-testId="id-f69aWUSt6AE"><a target="_blank" rel="noreferrer noopener" class="YoutubeEmbedPlaceholder_Wrapper__1V0Ea"><img src="https://i.ytimg.com/vi/f69aWUSt6AE/hqdefault.jpg" loading="lazy" alt="Youtube Placeholder" class="YoutubeEmbedPlaceholder_Placeholder__2uFJ0"/></a></div></div></div></div><div class="WidgetWrapper_WidgetWrapper__R4uge"><div class="Prose_Prose__2zaJW"><p>Shell Recharge leads the field with the largest number of public charging devices, with 8,698.</p><p>This significant growth in infrastructure is crucial as Greater London continues to lead in terms of the number and density of charging points. The capital alone accounts for nearly a third (32%) of all public chargers in the UK, with an impressive density of 221 devices per 100,000 residents.</p><p>In terms of charger types, nearly 59% of the UK's public charging points are slow chargers with a power rating of under 8kWh.</p><p>However, there has been a marked increase in ultra-rapid chargers, those offering 150kWh or more, which now total 4,988. The cost of using these chargers varies; as of March 2024, charging on a public network costs an average of 56p per kWh for slow and fast chargers, while rapid and ultra-rapid chargers average 81p per kWh.</p><p><a data-cke-saved-href="https://evmagazine.com/articles/why-is-ford-broadening-its-ev-strategy" target="_blank" href="https://evmagazine.com/articles/why-is-ford-broadening-its-ev-strategy">The uptake of electric vehicles</a> in the UK is also on the rise. By April 2024, there were approximately 1.1 million fully electric cars on UK roads, reflecting a 13% increase from the previous year.</p><p>Plug-in electric vehicles, including hybrids, represented 23.5% of new car registrations early in 2024. At the same time, there are about 400,000 home EV charging points in the UK, with 80% of EV owners using these at-home chargers. The average cost of installing a home charging point stands at US£1,000 (US$1,311).</p><h2>The global need for further EV infrastructure</h2><p>This rapid development in the EV sector highlights not only the increasing adoption of electric vehicles but also the urgent need for expanded infrastructure.</p><p>As Fatih Birol, Executive Director of the International Energy Agency (IEA), points out: "Governments, companies and investors need to get behind clean energy transitions rather than hindering them.</p></div></div><div class="WidgetWrapper_WidgetWrapper__R4uge"><div><div><div class="ResponsiveMedia_ResponsiveMedia__fiHDT" style="padding-bottom:75.4491%"><div style="background:black"></div></div></div><div class="Type_m-body2__3AsD- Type_d-body3__24mDH Type_regular__14KuX CaptionedMedia_Caption__3fYkG">Fatih Birol, Executive Director, International Energy Agency</div></div></div><div class="WidgetWrapper_WidgetWrapper__R4uge"><div class="Prose_Prose__2zaJW"><p>"There are immense benefits on offer, including new industrial opportunities and jobs, greater energy security, cleaner air, universal energy access and a safer climate for everyone."</p><p>He stresses that policy reforms and financial support are crucial for making EVs the most affordable option and ensuring sufficient charging infrastructure to keep pace with the growing number of electric vehicles.</p><p>The IEA’s Global EV Outlook 2024 report highlights that home charging remains the dominant method for EV owners, with private chargers vastly outnumbering public ones.</p><p>In the UK, 93% of EV owners have access to home charging, with over half utilising smart chargers. The report underscores the importance of public charging infrastructure for broader EV adoption, with global public charging points increasing by over 40% in 2023. China leads globally in this regard, accounting for 85% of the world’s fast chargers and 60% of slow chargers.</p><p>"Every country needs to find its own pathway, but international cooperation is crucial for accelerating clean energy transitions," Fatih adds.</p><p>This cooperation is reflected in various global initiatives, such as the <a data-cke-saved-href="https://evmagazine.com/articles/europes-ev-leasing-model-facing-strain" target="_blank" href="https://evmagazine.com/articles/europes-ev-leasing-model-facing-strain">European Union'</a>s AFIR regulation, which mandates fast chargers every 60km along major transport routes. The United States aims to install 500,000 public chargers by 2030, while Canada targets 33,500 charging ports by 2026.</p></div></div><div class="WidgetWrapper_WidgetWrapper__R4uge"><div><div><div class="ResponsiveMedia_ResponsiveMedia__fiHDT" style="padding-bottom:75.4491%"><div style="background:black"></div></div></div><div class="Type_m-body2__3AsD- Type_d-body3__24mDH Type_regular__14KuX CaptionedMedia_Caption__3fYkG">The IEA's Global EV Outlook holds valuable charging insights for industry leaders</div></div></div><div class="WidgetWrapper_WidgetWrapper__R4uge"><div class="KeyFacts_KeyFacts__1BQyQ"><div class="Type_m-body2__3AsD- Type_d-body3__24mDH Type_medium__2avgC KeyFacts_Title__xZjmj">Further findings from the IEA report include:</div><ul class="KeyFacts_List__3l4mT"><li><div class="Type_m-heading8__NOAVC Type_d-heading6__3yyan Type_medium__2avgC">Electric car sales reached 14 million units globally in 2023, a 35% increase from 2022.</div></li><li><div class="Type_m-heading8__NOAVC Type_d-heading6__3yyan Type_medium__2avgC">The total number of electric cars on the road exceeded 40 million by the end of 2023.</div></li><li><div class="Type_m-heading8__NOAVC Type_d-heading6__3yyan Type_medium__2avgC">China accounted for 60% of global EV sales, followed by Europe at 25% and the United States at 12%.</div></li><li><div class="Type_m-heading8__NOAVC Type_d-heading6__3yyan Type_medium__2avgC">More than 1,100 electric car models are expected to be available on the market by 2028.</div></li><li><div class="Type_m-heading8__NOAVC Type_d-heading6__3yyan Type_medium__2avgC">In China, 60% of electric cars sold in 2022 were less expensive than their conventional counterparts.</div></li><li><div class="Type_m-heading8__NOAVC Type_d-heading6__3yyan Type_medium__2avgC">Approximately eight million public charging points were installed worldwide by the end of 2023, a 40% increase from 2022.</div></li><li><div class="Type_m-heading8__NOAVC Type_d-heading6__3yyan Type_medium__2avgC">Global demand for EV batteries reached 550 GWh in 2023, a 65% increase from 2022.</div></li><li><div class="Type_m-heading8__NOAVC Type_d-heading6__3yyan Type_medium__2avgC">The average battery price dropped to USD 130/kWh in 2023, a 14% reduction from 2022.</div></li><li><div class="Type_m-heading8__NOAVC Type_d-heading6__3yyan Type_medium__2avgC">Under current policies, electric cars could account for 40% of global car sales by 2030.</div></li><li><div class="Type_m-heading8__NOAVC Type_d-heading6__3yyan Type_medium__2avgC">By 2030, EVs could displace 5 million barrels of oil per day and reduce well-to-wheel CO2 emissions by 650 million tonnes annually.</div></li></ul></div></div><div class="WidgetWrapper_WidgetWrapper__R4uge"><div class="Prose_Prose__2zaJW"><p>As the world moves forward, innovative solutions like battery swapping and electric road systems (ERS) are also being explored. Battery swapping is particularly advanced in China, while countries like Sweden and France are making progress with ERS.</p><p>Additionally, the IEA emphasises the need to coordinate EV charger deployment with power grid developments to manage potential surges in demand effectively. Strategies such as time-of-use tariffs and smart charging are becoming increasingly important as the number of electric vehicles grows.</p><p>The data from 2024 highlights the dynamic progress within the UK’s EV charging infrastructure and the broader global trends influencing this sector. </p><p><em>*******************</em></p><p><em>Make sure you check out the latest edition of </em><a data-cke-saved-href="https://evmagazine.com/magazines" href="https://evmagazine.com/magazines" rel="noopener noreferrer" target="_blank"><em>EV Magazine</em></a><em> and also sign up to our global conference series - </em><a data-cke-saved-href="https://sustainability-live.com/?utm_source=EVARTICLE&utm_medium=BOILERPLATE" href="https://sustainability-live.com/?utm_source=EVARTICLE&utm_medium=BOILERPLATE" rel="noopener noreferrer" target="_blank"><em>Sustainability LIVE 2024.</em></a></p><p><em>*******************</em></p><p><a data-cke-saved-href="https://evmagazine.com/" href="https://evmagazine.com/" 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steadfastly works towards its ambitious target of achieving net zero emissions by 2050. \u003cbr\u003e\u003c/p\u003e\u003cp\u003eThe latest statistics for 2024 paint a vivid picture of this transformation. The UK’s EV charging sector is forecast to be valued at £3.9bn (US$5.1bn) by 2030, highlighting a period of substantial expansion throughout this decade.\u0026nbsp;\u003c/p\u003e\u003cp\u003eAs of April 2024, the UK boasts 61,232 public EV charging points, which represents a remarkable 53% increase from the previous year.\u003cbr\u003e\u003c/p\u003e\u003cp\u003eMeanwhile, the Global EV Outlook 2024 report by the International Energy Agency (IEA) provides an in-depth analysis of the electric vehicle (EV) market globally, highlighting significant trends, statistics and projections for the coming years.\u0026nbsp;\u003cbr\u003e\u003c/p\u003e"},{"id":"d0d4c7a0fc56608643be877a225a2437","type":"inlineVideo","displayOptions":["desktop","tablet","mobile"],"essential":true,"provider":"youtube","videoId":"f69aWUSt6AE"},{"id":"0372807414332f017137126a7247d536","type":"text","displayOptions":["desktop","tablet","mobile"],"essential":true,"html":"\u003cp\u003eShell Recharge leads the field with the largest number of public charging devices, with 8,698.\u003c/p\u003e\u003cp\u003eThis significant growth in infrastructure is crucial as Greater London continues to lead in terms of the number and density of charging points. The capital alone accounts for nearly a third (32%) of all public chargers in the UK, with an impressive density of 221 devices per 100,000 residents.\u003c/p\u003e\u003cp\u003eIn terms of charger types, nearly 59% of the UK's public charging points are slow chargers with a power rating of under 8kWh.\u003c/p\u003e\u003cp\u003eHowever, there has been a marked increase in ultra-rapid chargers, those offering 150kWh or more, which now total 4,988. The cost of using these chargers varies; as of March 2024, charging on a public network costs an average of 56p per kWh for slow and fast chargers, while rapid and ultra-rapid chargers average 81p per kWh.\u003c/p\u003e\u003cp\u003e\u003ca data-cke-saved-href=\"https://evmagazine.com/articles/why-is-ford-broadening-its-ev-strategy\" target=\"_blank\" href=\"https://evmagazine.com/articles/why-is-ford-broadening-its-ev-strategy\"\u003eThe uptake of electric vehicles\u003c/a\u003e in the UK is also on the rise. By April 2024, there were approximately 1.1 million fully electric cars on UK roads, reflecting a 13% increase from the previous year.\u003c/p\u003e\u003cp\u003ePlug-in electric vehicles, including hybrids, represented 23.5% of new car registrations early in 2024. At the same time, there are about 400,000 home EV charging points in the UK, with 80% of EV owners using these at-home chargers. The average cost of installing a home charging point stands at US£1,000 (US$1,311).\u003c/p\u003e\u003ch2\u003eThe global need for further EV infrastructure\u003c/h2\u003e\u003cp\u003eThis rapid development in the EV sector highlights not only the increasing adoption of electric vehicles but also the urgent need for expanded infrastructure.\u003c/p\u003e\u003cp\u003eAs Fatih Birol, Executive Director of the International Energy Agency (IEA), points out: \"Governments, companies and investors need to get behind clean energy transitions rather than hindering them.\u003c/p\u003e"},{"id":"229dfd4a52e9b44cc1f651aa62190605","type":"inlineImage","displayOptions":["desktop","tablet","mobile"],"essential":true,"inlineImageImages":[{"crop":"Landscape","destination":null,"opensInNewTab":null,"images":{"inline_landscape_668":[{"url":"https://assets.bizclikmedia.net/668/e57d9e273303783a0094ea34d7a4fb03:c9db40cb51aea5f7d86758dc6a12f3e1/1632471359224.jpg","caption":"Fatih Birol, Executive Director, International Energy Agency","link":null,"alt":null,"width":668,"height":504,"ratio":0.7544910179640719}],"inline_landscape_900":[{"url":"https://assets.bizclikmedia.net/900/e57d9e273303783a0094ea34d7a4fb03:1e247c50aa95e97fe9163df61b35ded9/1632471359224.jpg","caption":"Fatih Birol, Executive Director, International Energy Agency","link":null,"alt":null,"width":900,"height":679,"ratio":0.7544910179640719}],"inline_landscape_1336":[{"url":"https://assets.bizclikmedia.net/1336/e57d9e273303783a0094ea34d7a4fb03:162c837592287228280405bb2cf00a5f/1632471359224.jpg","caption":"Fatih Birol, Executive Director, International Energy Agency","link":null,"alt":null,"width":1336,"height":1008,"ratio":0.7544910179640719}],"inline_landscape_1800":[{"url":"https://assets.bizclikmedia.net/1800/e57d9e273303783a0094ea34d7a4fb03:f6d8f428ae2f6dbf5ca7be4bef9218a5/1632471359224.jpg","caption":"Fatih Birol, Executive Director, International Energy Agency","link":null,"alt":null,"width":1800,"height":1358,"ratio":0.7544910179640719}],"inline_free_668":[{"url":"https://assets.bizclikmedia.net/668/2e0ddc937923b70bb387da87fe1f2b18:3482ead81eea372b198d92f971ff8e14/1632471359224.jpg","caption":"Fatih Birol, Executive Director, International Energy Agency","link":null,"alt":null,"width":668,"height":668,"ratio":1}],"inline_free_900":[{"url":"https://assets.bizclikmedia.net/900/2e0ddc937923b70bb387da87fe1f2b18:2cfc058ea15c18da72dc83b684070003/1632471359224.jpg","caption":"Fatih Birol, Executive Director, International Energy Agency","link":null,"alt":null,"width":900,"height":900,"ratio":1}],"inline_free_1336":[{"url":"https://assets.bizclikmedia.net/1336/2e0ddc937923b70bb387da87fe1f2b18:e6fc28d66ae058a6265de0027441fea5/1632471359224.jpg","caption":"Fatih Birol, Executive Director, International Energy Agency","link":null,"alt":null,"width":1336,"height":1336,"ratio":1}],"inline_free_1800":[{"url":"https://assets.bizclikmedia.net/1800/2e0ddc937923b70bb387da87fe1f2b18:a96781f587c0da652a0a7a96311e6051/1632471359224.jpg","caption":"Fatih Birol, Executive Director, International Energy Agency","link":null,"alt":null,"width":1800,"height":1800,"ratio":1}]}}]},{"id":"3167c32e368872c54a38f34fda70d06a","type":"text","displayOptions":["desktop","tablet","mobile"],"essential":true,"html":"\u003cp\u003e\"There are immense benefits on offer, including new industrial opportunities and jobs, greater energy security, cleaner air, universal energy access and a safer climate for everyone.\"\u003c/p\u003e\u003cp\u003eHe stresses that policy reforms and financial support are crucial for making EVs the most affordable option and ensuring sufficient charging infrastructure to keep pace with the growing number of electric vehicles.\u003c/p\u003e\u003cp\u003eThe IEA’s Global EV Outlook 2024 report highlights that home charging remains the dominant method for EV owners, with private chargers vastly outnumbering public ones.\u003c/p\u003e\u003cp\u003eIn the UK, 93% of EV owners have access to home charging, with over half utilising smart chargers. The report underscores the importance of public charging infrastructure for broader EV adoption, with global public charging points increasing by over 40% in 2023. China leads globally in this regard, accounting for 85% of the world’s fast chargers and 60% of slow chargers.\u003c/p\u003e\u003cp\u003e\"Every country needs to find its own pathway, but international cooperation is crucial for accelerating clean energy transitions,\" Fatih adds.\u003c/p\u003e\u003cp\u003eThis cooperation is reflected in various global initiatives, such as the \u003ca data-cke-saved-href=\"https://evmagazine.com/articles/europes-ev-leasing-model-facing-strain\" target=\"_blank\" href=\"https://evmagazine.com/articles/europes-ev-leasing-model-facing-strain\"\u003eEuropean Union'\u003c/a\u003es AFIR regulation, which mandates fast chargers every 60km along major transport routes. The United States aims to install 500,000 public chargers by 2030, while Canada targets 33,500 charging ports by 2026.\u003c/p\u003e"},{"id":"78f06e296ecb9b474a2f9cd90c0c5a6c","type":"inlineImage","displayOptions":["desktop","tablet","mobile"],"essential":true,"inlineImageImages":[{"crop":"Landscape","destination":null,"opensInNewTab":null,"images":{"inline_landscape_668":[{"url":"https://assets.bizclikmedia.net/668/2eeaf2d87360058697f74b70aee8dbe1:6c81179118ad5a1b2e1fdd8cfcb96925/j-dean-msxc0-z-k2q-unsplash.jpg","caption":"The IEA's Global EV Outlook holds valuable charging insights for industry leaders","link":null,"alt":null,"width":668,"height":504,"ratio":0.7544910179640719}],"inline_landscape_900":[{"url":"https://assets.bizclikmedia.net/900/2eeaf2d87360058697f74b70aee8dbe1:d4e2094693f36ad81838b5b634614636/j-dean-msxc0-z-k2q-unsplash.jpg","caption":"The IEA's Global EV Outlook holds valuable charging insights for industry leaders","link":null,"alt":null,"width":900,"height":679,"ratio":0.7544910179640719}],"inline_landscape_1336":[{"url":"https://assets.bizclikmedia.net/1336/2eeaf2d87360058697f74b70aee8dbe1:af7d1ac41937531d758bd76ab0c74602/j-dean-msxc0-z-k2q-unsplash.jpg","caption":"The IEA's Global EV Outlook holds valuable charging insights for industry leaders","link":null,"alt":null,"width":1336,"height":1008,"ratio":0.7544910179640719}],"inline_landscape_1800":[{"url":"https://assets.bizclikmedia.net/1800/2eeaf2d87360058697f74b70aee8dbe1:c220288986695e03d5689591cfc97696/j-dean-msxc0-z-k2q-unsplash.jpg","caption":"The IEA's Global EV Outlook holds valuable charging insights for industry leaders","link":null,"alt":null,"width":1800,"height":1358,"ratio":0.7544910179640719}],"inline_free_668":[{"url":"https://assets.bizclikmedia.net/668/d52855a27db3fde8b955a95678a28a61:48ac083096c3c8de65c722add0799ad0/j-dean-msxc0-z-k2q-unsplash.jpg","caption":"The IEA's Global EV Outlook holds valuable charging insights for industry leaders","link":null,"alt":null,"width":668,"height":499,"ratio":0.7463487972508591}],"inline_free_900":[{"url":"https://assets.bizclikmedia.net/900/d52855a27db3fde8b955a95678a28a61:bbe6881a04661c98f77eff404780d87b/j-dean-msxc0-z-k2q-unsplash.jpg","caption":"The IEA's Global EV Outlook holds valuable charging insights for industry leaders","link":null,"alt":null,"width":900,"height":672,"ratio":0.7463487972508591}],"inline_free_1336":[{"url":"https://assets.bizclikmedia.net/1336/d52855a27db3fde8b955a95678a28a61:4f11754d4f6dae22a3bee8d3fb81da3f/j-dean-msxc0-z-k2q-unsplash.jpg","caption":"The IEA's Global EV Outlook holds valuable charging insights for industry leaders","link":null,"alt":null,"width":1336,"height":997,"ratio":0.7463487972508591}],"inline_free_1800":[{"url":"https://assets.bizclikmedia.net/1800/d52855a27db3fde8b955a95678a28a61:7822b2b834270ae855d9c8b336e01802/j-dean-msxc0-z-k2q-unsplash.jpg","caption":"The IEA's Global EV Outlook holds valuable charging insights for industry leaders","link":null,"alt":null,"width":1800,"height":1343,"ratio":0.7463487972508591}]}}]},{"id":"9445db88f5934de1b265fe736df7c563","type":"keyFacts","displayOptions":["desktop","tablet","mobile"],"essential":true,"title":"Further findings from the IEA report include:","keyFacts":[{"text":"Electric car sales reached 14 million units globally in 2023, a 35% increase from 2022."},{"text":"The total number of electric cars on the road exceeded 40 million by the end of 2023."},{"text":"China accounted for 60% of global EV sales, followed by Europe at 25% and the United States at 12%."},{"text":"More than 1,100 electric car models are expected to be available on the market by 2028."},{"text":"In China, 60% of electric cars sold in 2022 were less expensive than their conventional counterparts."},{"text":"Approximately eight million public charging points were installed worldwide by the end of 2023, a 40% increase from 2022."},{"text":"Global demand for EV batteries reached 550 GWh in 2023, a 65% increase from 2022."},{"text":"The average battery price dropped to USD 130/kWh in 2023, a 14% reduction from 2022."},{"text":"Under current policies, electric cars could account for 40% of global car sales by 2030."},{"text":"By 2030, EVs could displace 5 million barrels of oil per day and reduce well-to-wheel CO2 emissions by 650 million tonnes annually."}]},{"id":"2a487f87caf93ade3ed09a6aa128e726","type":"text","displayOptions":["desktop","tablet","mobile"],"essential":true,"html":"\u003cp\u003eAs the world moves forward, innovative solutions like battery swapping and electric road systems (ERS) are also being explored. Battery swapping is particularly advanced in China, while countries like Sweden and France are making progress with ERS.\u003c/p\u003e\u003cp\u003eAdditionally, the IEA emphasises the need to coordinate EV charger deployment with power grid developments to manage potential surges in demand effectively. Strategies such as time-of-use tariffs and smart charging are becoming increasingly important as the number of electric vehicles grows.\u003c/p\u003e\u003cp\u003eThe data from 2024 highlights the dynamic progress within the UK’s EV charging infrastructure and the broader global trends influencing this sector.\u0026nbsp;\u003c/p\u003e\u003cp\u003e\u003cem\u003e*******************\u003c/em\u003e\u003c/p\u003e\u003cp\u003e\u003cem\u003eMake sure you check out the latest edition of\u0026nbsp;\u003c/em\u003e\u003ca data-cke-saved-href=\"https://evmagazine.com/magazines\" href=\"https://evmagazine.com/magazines\" rel=\"noopener noreferrer\" target=\"_blank\"\u003e\u003cem\u003eEV Magazine\u003c/em\u003e\u003c/a\u003e\u003cem\u003e\u0026nbsp;and also sign up to our global conference series -\u0026nbsp;\u003c/em\u003e\u003ca data-cke-saved-href=\"https://sustainability-live.com/?utm_source=EVARTICLE\u0026amp;utm_medium=BOILERPLATE\" href=\"https://sustainability-live.com/?utm_source=EVARTICLE\u0026amp;utm_medium=BOILERPLATE\" rel=\"noopener noreferrer\" target=\"_blank\"\u003e\u003cem\u003eSustainability LIVE 2024.\u003c/em\u003e\u003c/a\u003e\u003c/p\u003e\u003cp\u003e\u003cem\u003e*******************\u003c/em\u003e\u003c/p\u003e\u003cp\u003e\u003ca data-cke-saved-href=\"https://evmagazine.com/\" href=\"https://evmagazine.com/\" rel=\"noopener noreferrer\" target=\"_blank\"\u003e\u003cem\u003eEV Magazine\u003c/em\u003e\u003c/a\u003e\u003cem\u003e\u0026nbsp;is a\u0026nbsp;\u003c/em\u003e\u003ca data-cke-saved-href=\"https://www.bizclikmedia.com/\" href=\"https://www.bizclikmedia.com/\" rel=\"noopener noreferrer\" target=\"_blank\"\u003e\u003cem\u003eBizClik\u003c/em\u003e\u003c/a\u003e\u003cem\u003e\u0026nbsp;brand.\u003c/em\u003e\u003c/p\u003e"}]}},"vars":{"url":"https://evmagazine.com/articles/global-ev-outlook-2024-trends-in-ev-charging"},"article":{"__typename":"Article","_id":"66c6eabdf2f566fe4f868099","headline":"EV Charging Trends 2024: Rapid Growth and New Challenges","sell":"Explore the evolving landscape of electric vehicle charging infrastructure, from innovative technologies to policy impacts, shaping a greener future","metaTitle":null,"metaDescription":null,"shareTitle":null,"shareDescription":null,"displayDate":"2024-08-23T08:00:19.720Z","advertSlotName":"evmarticlepage","eventRegistrationLink":null,"issue":null,"issueSlug":null,"pageNumber":null,"contentType":"Article","address":null,"startDate":null,"endDate":null,"author":{"name":"Libby Hargreaves","slug":"libby-hargreaves"},"category":"Charging \u0026 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travel","link":null,"alt":null,"width":322,"height":243,"ratio":0.753586835332447}]}}]}}]}}]},{"attributes":["full","tight"],"cols":[{"width":4,"attributes":[],"widgetArea":{"widgets":[{"id":"a83ac6e1b8ce97ac955cb50dcdb6f100","type":"advert","displayOptions":["desktop","tablet","mobile"],"essential":true,"slotName":null,"size":"970x250","suffix":null,"alignment":"centre","background":true,"keyValueTargeting":[]}]}}]}]}},"setArticleIdAsKeyValuePair":false,"articleIdKeyToSet":"company"},"migratedFromId":null,"canonicalUrl":null,"body":{"widgets":[{"id":"9176e060bdf199a695adcab59b67c198","type":"text","displayOptions":["desktop","tablet","mobile"],"essential":true,"html":"\u003cp\u003eThe \u003ca data-cke-saved-href=\"https://evmagazine.com/articles/zeekr-fastest-charging-ev-battery\" target=\"_blank\" href=\"https://evmagazine.com/articles/zeekr-fastest-charging-ev-battery\"\u003eelectric vehicle (EV) charging industry\u003c/a\u003e is experiencing remarkable growth as the country steadfastly works towards its ambitious target of achieving net zero emissions by 2050. \u003cbr\u003e\u003c/p\u003e\u003cp\u003eThe latest statistics for 2024 paint a vivid picture of this transformation. The UK’s EV charging sector is forecast to be valued at £3.9bn (US$5.1bn) by 2030, highlighting a period of substantial expansion throughout this decade.\u0026nbsp;\u003c/p\u003e\u003cp\u003eAs of April 2024, the UK boasts 61,232 public EV charging points, which represents a remarkable 53% increase from the previous year.\u003cbr\u003e\u003c/p\u003e\u003cp\u003eMeanwhile, the Global EV Outlook 2024 report by the International Energy Agency (IEA) provides an in-depth analysis of the electric vehicle (EV) market globally, highlighting significant trends, statistics and projections for the coming years.\u0026nbsp;\u003cbr\u003e\u003c/p\u003e"},{"id":"d0d4c7a0fc56608643be877a225a2437","type":"inlineVideo","displayOptions":["desktop","tablet","mobile"],"essential":true,"provider":"youtube","videoId":"f69aWUSt6AE"},{"id":"0372807414332f017137126a7247d536","type":"text","displayOptions":["desktop","tablet","mobile"],"essential":true,"html":"\u003cp\u003eShell Recharge leads the field with the largest number of public charging devices, with 8,698.\u003c/p\u003e\u003cp\u003eThis significant growth in infrastructure is crucial as Greater London continues to lead in terms of the number and density of charging points. The capital alone accounts for nearly a third (32%) of all public chargers in the UK, with an impressive density of 221 devices per 100,000 residents.\u003c/p\u003e\u003cp\u003eIn terms of charger types, nearly 59% of the UK's public charging points are slow chargers with a power rating of under 8kWh.\u003c/p\u003e\u003cp\u003eHowever, there has been a marked increase in ultra-rapid chargers, those offering 150kWh or more, which now total 4,988. The cost of using these chargers varies; as of March 2024, charging on a public network costs an average of 56p per kWh for slow and fast chargers, while rapid and ultra-rapid chargers average 81p per kWh.\u003c/p\u003e\u003cp\u003e\u003ca data-cke-saved-href=\"https://evmagazine.com/articles/why-is-ford-broadening-its-ev-strategy\" target=\"_blank\" href=\"https://evmagazine.com/articles/why-is-ford-broadening-its-ev-strategy\"\u003eThe uptake of electric vehicles\u003c/a\u003e in the UK is also on the rise. By April 2024, there were approximately 1.1 million fully electric cars on UK roads, reflecting a 13% increase from the previous year.\u003c/p\u003e\u003cp\u003ePlug-in electric vehicles, including hybrids, represented 23.5% of new car registrations early in 2024. At the same time, there are about 400,000 home EV charging points in the UK, with 80% of EV owners using these at-home chargers. The average cost of installing a home charging point stands at US£1,000 (US$1,311).\u003c/p\u003e\u003ch2\u003eThe global need for further EV infrastructure\u003c/h2\u003e\u003cp\u003eThis rapid development in the EV sector highlights not only the increasing adoption of electric vehicles but also the urgent need for expanded infrastructure.\u003c/p\u003e\u003cp\u003eAs Fatih Birol, Executive Director of the International Energy Agency (IEA), points out: \"Governments, companies and investors need to get behind clean energy transitions rather than hindering them.\u003c/p\u003e"},{"id":"229dfd4a52e9b44cc1f651aa62190605","type":"inlineImage","displayOptions":["desktop","tablet","mobile"],"essential":true,"inlineImageImages":[{"crop":"Landscape","destination":null,"opensInNewTab":null,"images":{"inline_landscape_668":[{"url":"https://assets.bizclikmedia.net/668/e57d9e273303783a0094ea34d7a4fb03:c9db40cb51aea5f7d86758dc6a12f3e1/1632471359224.jpg","caption":"Fatih Birol, Executive Director, International Energy Agency","link":null,"alt":null,"width":668,"height":504,"ratio":0.7544910179640719}],"inline_landscape_900":[{"url":"https://assets.bizclikmedia.net/900/e57d9e273303783a0094ea34d7a4fb03:1e247c50aa95e97fe9163df61b35ded9/1632471359224.jpg","caption":"Fatih Birol, Executive Director, International Energy Agency","link":null,"alt":null,"width":900,"height":679,"ratio":0.7544910179640719}],"inline_landscape_1336":[{"url":"https://assets.bizclikmedia.net/1336/e57d9e273303783a0094ea34d7a4fb03:162c837592287228280405bb2cf00a5f/1632471359224.jpg","caption":"Fatih Birol, Executive Director, International Energy Agency","link":null,"alt":null,"width":1336,"height":1008,"ratio":0.7544910179640719}],"inline_landscape_1800":[{"url":"https://assets.bizclikmedia.net/1800/e57d9e273303783a0094ea34d7a4fb03:f6d8f428ae2f6dbf5ca7be4bef9218a5/1632471359224.jpg","caption":"Fatih Birol, Executive Director, International Energy Agency","link":null,"alt":null,"width":1800,"height":1358,"ratio":0.7544910179640719}],"inline_free_668":[{"url":"https://assets.bizclikmedia.net/668/2e0ddc937923b70bb387da87fe1f2b18:3482ead81eea372b198d92f971ff8e14/1632471359224.jpg","caption":"Fatih Birol, Executive Director, International Energy Agency","link":null,"alt":null,"width":668,"height":668,"ratio":1}],"inline_free_900":[{"url":"https://assets.bizclikmedia.net/900/2e0ddc937923b70bb387da87fe1f2b18:2cfc058ea15c18da72dc83b684070003/1632471359224.jpg","caption":"Fatih Birol, Executive Director, International Energy Agency","link":null,"alt":null,"width":900,"height":900,"ratio":1}],"inline_free_1336":[{"url":"https://assets.bizclikmedia.net/1336/2e0ddc937923b70bb387da87fe1f2b18:e6fc28d66ae058a6265de0027441fea5/1632471359224.jpg","caption":"Fatih Birol, Executive Director, International Energy Agency","link":null,"alt":null,"width":1336,"height":1336,"ratio":1}],"inline_free_1800":[{"url":"https://assets.bizclikmedia.net/1800/2e0ddc937923b70bb387da87fe1f2b18:a96781f587c0da652a0a7a96311e6051/1632471359224.jpg","caption":"Fatih Birol, Executive Director, International Energy Agency","link":null,"alt":null,"width":1800,"height":1800,"ratio":1}]}}]},{"id":"3167c32e368872c54a38f34fda70d06a","type":"text","displayOptions":["desktop","tablet","mobile"],"essential":true,"html":"\u003cp\u003e\"There are immense benefits on offer, including new industrial opportunities and jobs, greater energy security, cleaner air, universal energy access and a safer climate for everyone.\"\u003c/p\u003e\u003cp\u003eHe stresses that policy reforms and financial support are crucial for making EVs the most affordable option and ensuring sufficient charging infrastructure to keep pace with the growing number of electric vehicles.\u003c/p\u003e\u003cp\u003eThe IEA’s Global EV Outlook 2024 report highlights that home charging remains the dominant method for EV owners, with private chargers vastly outnumbering public ones.\u003c/p\u003e\u003cp\u003eIn the UK, 93% of EV owners have access to home charging, with over half utilising smart chargers. The report underscores the importance of public charging infrastructure for broader EV adoption, with global public charging points increasing by over 40% in 2023. China leads globally in this regard, accounting for 85% of the world’s fast chargers and 60% of slow chargers.\u003c/p\u003e\u003cp\u003e\"Every country needs to find its own pathway, but international cooperation is crucial for accelerating clean energy transitions,\" Fatih adds.\u003c/p\u003e\u003cp\u003eThis cooperation is reflected in various global initiatives, such as the \u003ca data-cke-saved-href=\"https://evmagazine.com/articles/europes-ev-leasing-model-facing-strain\" target=\"_blank\" href=\"https://evmagazine.com/articles/europes-ev-leasing-model-facing-strain\"\u003eEuropean Union'\u003c/a\u003es AFIR regulation, which mandates fast chargers every 60km along major transport routes. The United States aims to install 500,000 public chargers by 2030, while Canada targets 33,500 charging ports by 2026.\u003c/p\u003e"},{"id":"78f06e296ecb9b474a2f9cd90c0c5a6c","type":"inlineImage","displayOptions":["desktop","tablet","mobile"],"essential":true,"inlineImageImages":[{"crop":"Landscape","destination":null,"opensInNewTab":null,"images":{"inline_landscape_668":[{"url":"https://assets.bizclikmedia.net/668/2eeaf2d87360058697f74b70aee8dbe1:6c81179118ad5a1b2e1fdd8cfcb96925/j-dean-msxc0-z-k2q-unsplash.jpg","caption":"The IEA's Global EV Outlook holds valuable charging insights for industry leaders","link":null,"alt":null,"width":668,"height":504,"ratio":0.7544910179640719}],"inline_landscape_900":[{"url":"https://assets.bizclikmedia.net/900/2eeaf2d87360058697f74b70aee8dbe1:d4e2094693f36ad81838b5b634614636/j-dean-msxc0-z-k2q-unsplash.jpg","caption":"The IEA's Global EV Outlook holds valuable charging insights for industry leaders","link":null,"alt":null,"width":900,"height":679,"ratio":0.7544910179640719}],"inline_landscape_1336":[{"url":"https://assets.bizclikmedia.net/1336/2eeaf2d87360058697f74b70aee8dbe1:af7d1ac41937531d758bd76ab0c74602/j-dean-msxc0-z-k2q-unsplash.jpg","caption":"The IEA's Global EV Outlook holds valuable charging insights for industry leaders","link":null,"alt":null,"width":1336,"height":1008,"ratio":0.7544910179640719}],"inline_landscape_1800":[{"url":"https://assets.bizclikmedia.net/1800/2eeaf2d87360058697f74b70aee8dbe1:c220288986695e03d5689591cfc97696/j-dean-msxc0-z-k2q-unsplash.jpg","caption":"The IEA's Global EV Outlook holds valuable charging insights for industry leaders","link":null,"alt":null,"width":1800,"height":1358,"ratio":0.7544910179640719}],"inline_free_668":[{"url":"https://assets.bizclikmedia.net/668/d52855a27db3fde8b955a95678a28a61:48ac083096c3c8de65c722add0799ad0/j-dean-msxc0-z-k2q-unsplash.jpg","caption":"The IEA's Global EV Outlook holds valuable charging insights for industry leaders","link":null,"alt":null,"width":668,"height":499,"ratio":0.7463487972508591}],"inline_free_900":[{"url":"https://assets.bizclikmedia.net/900/d52855a27db3fde8b955a95678a28a61:bbe6881a04661c98f77eff404780d87b/j-dean-msxc0-z-k2q-unsplash.jpg","caption":"The IEA's Global EV Outlook holds valuable charging insights for industry leaders","link":null,"alt":null,"width":900,"height":672,"ratio":0.7463487972508591}],"inline_free_1336":[{"url":"https://assets.bizclikmedia.net/1336/d52855a27db3fde8b955a95678a28a61:4f11754d4f6dae22a3bee8d3fb81da3f/j-dean-msxc0-z-k2q-unsplash.jpg","caption":"The IEA's Global EV Outlook holds valuable charging insights for industry leaders","link":null,"alt":null,"width":1336,"height":997,"ratio":0.7463487972508591}],"inline_free_1800":[{"url":"https://assets.bizclikmedia.net/1800/d52855a27db3fde8b955a95678a28a61:7822b2b834270ae855d9c8b336e01802/j-dean-msxc0-z-k2q-unsplash.jpg","caption":"The IEA's Global EV Outlook holds valuable charging insights for industry leaders","link":null,"alt":null,"width":1800,"height":1343,"ratio":0.7463487972508591}]}}]},{"id":"9445db88f5934de1b265fe736df7c563","type":"keyFacts","displayOptions":["desktop","tablet","mobile"],"essential":true,"title":"Further findings from the IEA report include:","keyFacts":[{"text":"Electric car sales reached 14 million units globally in 2023, a 35% increase from 2022."},{"text":"The total number of electric cars on the road exceeded 40 million by the end of 2023."},{"text":"China accounted for 60% of global EV sales, followed by Europe at 25% and the United States at 12%."},{"text":"More than 1,100 electric car models are expected to be available on the market by 2028."},{"text":"In China, 60% of electric cars sold in 2022 were less expensive than their conventional counterparts."},{"text":"Approximately eight million public charging points were installed worldwide by the end of 2023, a 40% increase from 2022."},{"text":"Global demand for EV batteries reached 550 GWh in 2023, a 65% increase from 2022."},{"text":"The average battery price dropped to USD 130/kWh in 2023, a 14% reduction from 2022."},{"text":"Under current policies, electric cars could account for 40% of global car sales by 2030."},{"text":"By 2030, EVs could displace 5 million barrels of oil per day and reduce well-to-wheel CO2 emissions by 650 million tonnes annually."}]},{"id":"2a487f87caf93ade3ed09a6aa128e726","type":"text","displayOptions":["desktop","tablet","mobile"],"essential":true,"html":"\u003cp\u003eAs the world moves forward, innovative solutions like battery swapping and electric road systems (ERS) are also being explored. Battery swapping is particularly advanced in China, while countries like Sweden and France are making progress with ERS.\u003c/p\u003e\u003cp\u003eAdditionally, the IEA emphasises the need to coordinate EV charger deployment with power grid developments to manage potential surges in demand effectively. Strategies such as time-of-use tariffs and smart charging are becoming increasingly important as the number of electric vehicles grows.\u003c/p\u003e\u003cp\u003eThe data from 2024 highlights the dynamic progress within the UK’s EV charging infrastructure and the broader global trends influencing this sector.\u0026nbsp;\u003c/p\u003e\u003cp\u003e\u003cem\u003e*******************\u003c/em\u003e\u003c/p\u003e\u003cp\u003e\u003cem\u003eMake sure you check out the latest edition of\u0026nbsp;\u003c/em\u003e\u003ca data-cke-saved-href=\"https://evmagazine.com/magazines\" href=\"https://evmagazine.com/magazines\" rel=\"noopener noreferrer\" target=\"_blank\"\u003e\u003cem\u003eEV Magazine\u003c/em\u003e\u003c/a\u003e\u003cem\u003e\u0026nbsp;and also sign up to our global conference series -\u0026nbsp;\u003c/em\u003e\u003ca data-cke-saved-href=\"https://sustainability-live.com/?utm_source=EVARTICLE\u0026amp;utm_medium=BOILERPLATE\" href=\"https://sustainability-live.com/?utm_source=EVARTICLE\u0026amp;utm_medium=BOILERPLATE\" rel=\"noopener noreferrer\" target=\"_blank\"\u003e\u003cem\u003eSustainability LIVE 2024.\u003c/em\u003e\u003c/a\u003e\u003c/p\u003e\u003cp\u003e\u003cem\u003e*******************\u003c/em\u003e\u003c/p\u003e\u003cp\u003e\u003ca data-cke-saved-href=\"https://evmagazine.com/\" href=\"https://evmagazine.com/\" rel=\"noopener noreferrer\" target=\"_blank\"\u003e\u003cem\u003eEV Magazine\u003c/em\u003e\u003c/a\u003e\u003cem\u003e\u0026nbsp;is a\u0026nbsp;\u003c/em\u003e\u003ca data-cke-saved-href=\"https://www.bizclikmedia.com/\" href=\"https://www.bizclikmedia.com/\" rel=\"noopener noreferrer\" 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