Posted On: JUL-2023 | Categories : Automotive
One of the main drivers propelling the Asia Pacific electric vehicle charging station market is the growing environmental concerns regarding the high levels of car pollution, the skyrocketing fuel prices, and the rising cost-effectiveness of EVs and HEVs. Additionally, the implementation of various electrification programs in the public transportation sector to replace fuel-based vehicles with their safer and cleaner alternatives as well as the launch of several policies by the government bodies to raise awareness for reducing carbon footprints, are further enhancing the market growth.
Additionally, the construction of high-capacity public charging infrastructures, particularly for heavy-duty vehicles, is receiving an increasing amount of funding from the major players, which is boosting the market for EV charging stations throughout the Asia Pacific. A significant additional growth-inducing aspect is the rising popularity of the combined charging system (CCS) and Tesla supercharger connectors due to their compatibility and extremely rapid charging rates. Furthermore, it is anticipated that the Asia Pacific EV charging station will grow in the next years due to the integration of these stations with a number of cutting-edge technologies, including telematics devices, remote sensors, wireless connectivity, etc.
China has been at the forefront of the electric vehicle (EV) manufacturing race in recent years, and the area can now anticipate a significant increase in EV infrastructure to encourage the use of environmentally friendly automobiles. As they move away from internal combustion engine (ICE) vehicles, China and India anticipate significant investments in their EV sectors, including the building of thousands of EV charging stations.
The penetration of electric vehicles in New Zealand has flourished rapidly due to the increased awareness of the climate catastrophe, rising gas prices, and a government rebate program.
In New Zealand, 16,223 brand-new, all-electric vehicles were registered in 2022, compared to 6,897 in 2021. Nearly all state highways in New Zealand have at least one charging station every 75 kilometers.
As of February 2023, there were nearly 70,000 EVs on the roads of New Zealand. Out of all EV owners, the majority of people have BEV.
As of August 2022, New Zealand has 340 public chargers for electric vehicles. There has been a noticeable increase in the number of drivers using public chargers, from 49% to 76%, mostly for longer trips. However, there are still difficulties in using them.
New Zealand needs an adequate number of public charging stations. To charge an EV, people have to wait in large queues, which discourages people from using public chargers more frequently.
As the world progresses toward a more sustainable future, Singapore is a pioneer in pushing the adoption of electric vehicles (EVs). The public and commercial sectors have invested in the island city-state's charging infrastructure, offering drivers incentives to transition from conventional gas-powered vehicles to electric ones.
Nearly 7,961 electric vehicles were registered in Singapore as of May 2023, making about 1.2% of all the country's automobiles. Furthermore, there are nearly 3,621 public charging points in Singapore as of 2023.
Singapore has nearly 6,503 registered electric cars and 10,000 EV.
In order to meet Singapore's target of having at least 12,000 EV charging points by 2025, an additional 2,000 charge outlets will be installed by the end of the year, covering one-third, or more than 700, HDB parking lots.
As part of the Singapore Green Plan 2030, the government declared a goal to deploy 60,000 EV charging points (EVCPs) by 2030, of which 20,000 would be on private property and 40,000 in public parking lots.
By the end of 2023–2032 prediction period, Singapore's total electric vehicle (EV) fleet (including plug-in hybrid cars, PHEVs) will total slightly under 131,500 units, reflecting an EV penetration rate of 14.3%.
The Singaporean government will begin offering tax breaks of up to S$45,000 for the purchase of electric vehicles in October 2022. Beginning in November 2022, the government will give electric cars a 45% registration cost discount.
Singapore aims to cut its peak emissions from land transportation by 80% by the middle of the century. By transitioning all light vehicles to electric power, carbon emissions could be reduced by approximately 1.5 to 2 million tonnes, which is equivalent to about 4% of the total national emissions caused by internal combustion engine vehicles.
The government has devised a three-pronged strategy to encourage the use of EVs, including financial incentives, laws and standards, and the deployment of EV chargers.
The availability of charging infrastructure is essential for promoting EV adoption. As part of the Singapore Green Plan 2030, the government aims to deploy 60,000 EV charging points (20,000 in private property and 40,000 in public parking lots) by 2030.
A tender for the construction of up to 22,600 EV charging outlets at 1,964 public housing (HDB) parking lots across the island was released by Singapore's Land & Transport Authority (LTA) in 2022.
Bluecharge is the top electric vehicle charging company with 1500 EV charging points and 455 publically accessible charging points, followed by SP Mobility.
With the help of the LTA's (Land Transport Authority) ECCG funding, Charge+ become the first EV charging operator in Singapore to install EV chargers in condos at the end of 2021.
SP Mobility has 600 charging stations spread over 140 places, including retail centers, office buildings, business parks, and industrial sites.
Tesla has nearly nine supercharging stations, each charging station has nearly 3 superchargers and is compatible with Tesla vehicles as of September 2022 in Singapore.
One of the LTA Smart Charger Operators, Go by City Energy (Go), is the sole provider of piped town gas in Singapore. This company will make it easier for developments to be eligible for LTA's ECCG awards. Through its collaboration with EV Connection, it provides operational service throughout Singapore and Malaysia with a single mobile app.
China is one of the nations with the greatest number of electric charging stations worldwide. The main factors driving the market for China's electric car charging infrastructure are the country's strong sales of electric vehicles and the government's extensive assistance in subsidies and income tax exemptions.
Over the next five years, the China Electric Vehicle Charging Infrastructure Market will experience significant growth due to ongoing technological advancements to improve the current charging infrastructure and collaborations among original equipment manufacturers, automotive industry players, and charging infrastructure developers.
The number of new charging stations for electric cars (EVs) increased steadily in China during the first quarter of the year. According to the China Electric Vehicle charge Infrastructure Promotion Alliance, 632,000 new charge piles were added between January and March, an increase of 28.6% from the same time in 2022.
China had more than 5.84 million charging piles at the end of March 2023, an increase of 87.9% compared to the same period in 2021.
Retail sales of new energy vehicles rose by 22.4 percent year over year to 1.31 million units during the first quarter.
In China, more than 1.36 million new plug-in electric vehicles were registered, accounting for nearly 33% of the overall volume (an increase of about 22% year over year).
China has nearly 1.15 million publicly accessible charging stations.
As of January 2022, China has 470,000 fast EV charging stations open to the public and 680,000 slow EV charging stations.
China has been leading the EV revolution. After 2025, public EV charger availability will increase significantly in China and India.
China will have 810,000 EV chargers in total by 2020. China will have 8.6 million publicly accessible chargers by 2030. That is roughly 67% of the anticipated global total of publicly accessible EV chargers in 2030.
China has installed nearly 1.81 million EV charging stations, per the most recent IEA data from Statista, with 760,000 charging stations having fast-charging capabilities.
According to industry data, the number of new charging stations for electric cars (EVs) increased steadily in China during the first quarter of the year. According to the China Electric Vehicle Charge Infrastructure Promotion Alliance, 632,000 new charge piles were added between January and March 2023, an increase of 28.6% from the same time in 2022.
China had more than 5.84 million charging heaps at the end of March, an increase of 87.9% from the previous year.
According to the EVCIPA, China will install 3.4 million onboard chargers in 2023, bringing the global total to 6.812 million. In order to charge the vehicle's battery pack, an onboard charger transforms alternating current (AC) power from external sources, such as household outlets, into direct current (DC).
Nearly 975,000 public chargers will be installed, bringing the overall number of public chargers to 2.772 million. A total of 171,000 public charging stations will be built throughout China in 2023.
Tgood (Telaidian) is the biggest EV charging company in China with 362, 901 charging stations, followed by China State Grid (345,793 charging stations), Star Charge (260,121 charging stations), and YKCCN (with 200,101 charging stations)
Guangdong has the largest EV charging network in China, with 345,126 public chargers and 19,116 charging stations as of the end of September.
The Chinese National Development & Reform Commission has set a goal to reduce the ratio of EV charging points to 2:1 by 2030, and the Chinese EV recharging industry will reach $29 billion in volume by 2025. By 2030, China aims to sell 40% of all new electric cars.
Along with the most recent advancements, the South Korean market for electric vehicle charging infrastructure has been constantly expanding. For instance, the government supports it by giving EV buyers incentives and funding the construction of EV charging infrastructure. Another significant market development is the expansion of charging networks by public and private organizations. Companies in South Korea are creating wireless charging stations that can charge EVs parked to make charging more practical. Additionally, businesses in South Korea are spending money on creating technology for recycling EV batteries.
South Korea has nearly 240,695 charging stations. 10.6% of Korea's 240,695 built electric vehicle charging stations were fast chargers.
From only 330 in 2015, the number of EV chargers in the nation has been increasing quickly in recent years, and in 2021, it surpassed 100,000.
The southern resort island of Jeju had the lowest ratio of charges per EV, with a value of 0.277. Gyeonggi Province and Seoul both reported comparable values of 0.66 and 0.67.
In an effort to encourage a rise in the ownership of zero-emission vehicles, the South Korean government announced plans to invest KRW397bn (US$318m) this year to extend the nation's hydrogen refueling and electric vehicle (EV) recharging networks. By 2030, the government wants 4.5 million "eco-friendly" vehicles, including 3.62 million EVs, to be in use nationwide.
Over the next four years, South Korea's government will deploy more than 200,000 EV chargers in Seoul to help the transition away from internal-combustion vehicles. The government aims to have nearly 400,000 vehicles powered by electricity by 2026. To achieve this aim, nearly 140,000 chargers are required, but the government intends to install 220,000 chargers in Seoul.
The COVID-19 pandemic outbreak has had a negative effect on the market. Electric vehicle sales in the nation were hindered, and their market share is extremely small. Since economic activity was halted for a significant portion of the year due to severe lockdown measures, this was the main cause of the year's low sales.
A large number of plug-in hybrids and the rising interest in and use of battery electric vehicles in the nation considerably increased the need for charging stations for electric vehicles and expanded the industry's potential market.
The government of the nation heavily subsidized the installation of charging stations in an effort to encourage the usage of electric vehicles and achieve carbon neutrality by 2050.
The national government is promoting the purchase of green fuel vehicles, and by 2035 aims that all new vehicles sold nationwide will be electric or hybrid electric vehicles. During the forecast period, this will increase demand for electric vehicle charging stations.
The governor of Tokyo will sell new gasoline vehicles by 2030 and encourage more people to buy electric vehicles (EVs). Therefore, one of the major drivers of market growth during the forecast period will be the growing demand for the government to adopt emission-free vehicles. Increasing vehicle exports from the country and the presence of numerous major automakers in the area are two more aspects that are projected to support market expansion.
Battery-electric models will make up only approximately 1% of all new car sales in Japan in 2021 due to the country's delayed adoption of electric vehicles and preference for hybrids. The Japanese government has set a target of achieving 100% EV sales by 2035. However, the International Energy Authority predicts that this share will reach 47% by 2030, with 9% being plug-in hybrids.
As of 2022, around 29.4 thousand EV chargers were publicly available in Japan.
By 2030, Japan wants to have 150,000 electric vehicle charging stations nationwide. Businesses will be actively involved in this effort. By 2025, Tokyo Electric Power (Tepco) hopes to have 1,000 rapid charging stations on roads, and Hitachi Ltd. is creating more compact and lightweight charging stations.
Japan doubled support for BEV purchases up to JPY 850 000 (USD 6 500) and JPY 550 000 (USD 4 200) for PHEV in 2022, increasing its EV subsidy scheme to JPY 70 billion (USD 530 million).
Electric vehicle sales have soared recently due to increased worries about environmental preservation and climate change. The federal and state governments have made a number of investments in the country's electric car sector to promote positive environmental developments. Even though the federal government does not offer any additional subsidies to encourage the adoption of EVs, most Australians still favor EVs over other types of vehicles. The use of tax subsidies to lower the price of Evs is supported by 62% of Australians, according to a survey by the Australian Institute.
In Australia, there are 2110 locations with over 3,701 public charging stations.
According to a recent report from the Australian Electric Vehicle Council (EVC), the country's public charging infrastructure increased from 1614 to 2392 stations in 2022. There were now 4943 separate plugs available across those stations, an increase of 3413.
There are only 99 ultra-fast stations and 365 stations with a charging capacity of 24 to 99 kW in Australia.
New South Wales is the largest state with 715 public charging stations (566 regular AC, 37 ultrafast DC, and 112 fast DC), followed by Victoria (475 public charging stations), Queensland (435 public charging stations), Western Australia (320 public charging stations), South Australia (240 public charging stations), and Tasmania (130 public charging stations).
Per the Federal Chamber of Automotive Industries, PHEVs and BEVs made up roughly 8,000 of the 82,137 vehicles sold in April 2023.
In Australia, 1,000 electric vehicles and charging stations will be provided by Origin Energy to its business clients as part of the "Accelerate EV Fleet" program. Furthermore, Australia's first National Electric Vehicle plans to allocate $70 million in grant money for charging infrastructure.
Charge Fox is the biggest EV charging network in Australia, with nearly 3000 public charging stations, 450 of them located in Victoria. These stations include normal and fast chargers (less than 50kW), ultra-rapid chargers (350-475kW), and Tesla Superchargers (120kW).
Chargefox aims to build nearly 5000 charging stations by the end of 2025.
India is one of the biggest and fastest-growing markets for autos worldwide. The use of EVs has significantly increased throughout the nation during the last few years. India will have nearly 44 million electric vehicles by 2030, ranking it as the third-largest EV market in the world.
The Indian government has put in place a number of programs to encourage the use of EVs. These include financial aid for EV customers and manufacturers, tax incentives, and the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles program.
Several significant trends and advancements that have emerged in recent years bode well for the future of EV charging stations in India. A number of issues still need to be resolved, including high capital costs, a lack of standards, a lack of grid capacity, a lack of consumer awareness, and restricted funding options.
India can continue to encourage the adoption of EVs and develop a strong charging infrastructure to support them by taking measures to address these challenges, such as encouraging public-private partnerships, developing standards for EV charging infrastructure, investing in grid infrastructure, educating consumers about the advantages of EVs and charging infrastructure, and providing funding and incentives for small and medium-sized businesses.
There are nearly 8740 Public Charging Stations (PCS) with 85 charge point operators in India. Delhi leads the position with nearly 1,845 public charging stations (PCS) nationwide, followed by Maharashtra (660 EV charging stations) and Karnataka (704 charging stations).
On average, India has nearly 199 EVs for every charging station.
India is home to 21.7 Lakh registered electric cars (EVs). As of March 2023, Uttar Pradesh has the highest number of registered electric vehicles (4.65 lakh), followed by Maharashtra with 2.26 lakh, Bengaluru with 1.83 lakh EV registrations, and Delhi with 2.03 lakh registrations.
A budget of Rs. 1 billion has been set enough for the construction of charging infrastructure under FAME-India Scheme Phase II. In 68 cities and 25 states/UTs, the Ministry has authorized 2,877 electric vehicle charging points. Furthermore, under phase II of the FAME India Scheme, 1576 charging stations on 9 expressways and 16 highways have been approved.
Tata Power is the leading EV charging station network in India with 3600 public and semi-public chargers as well as over 23500 residential chargers due to its extensive presence in the EV charging market.
Tata Power has also launched an ambitious national plan to install over 25000 EV charging stations across the nation In order to facilitate a quicker uptake of e-mobility over the next five years.
In the upcoming years, the share of DC chargers will rise due to the high demand for rapid charging and the preference of network operators for the implementation of DC chargers in Taiwan.
By installing and expanding the current EV charging infrastructure to 12,780 stations by 2022, the Taiwanese government hopes to promote the usage of electric vehicles while also lowering carbon emissions in the nation. Additionally, the government has decided to offer a subsidy of up to 10,131 USD to build electric vehicle charging stations at different chain and convenience stores.
In Taiwan, there were 1,399 places for charging stations and 4,380 ports as of 2022.
In 2022, there were 970 public charging ports in Taipei, 695 public charging ports in Taichung, and 570 in New Taipei City, Taiwan.
Nearly 3.5% of new cars sold in Taiwan were electric as of 2022, with Tesla Model 3 being the best-selling electric car in Taiwan.
Per the Ministry of Economic Affairs, the number of electric vehicle (EV) power charging stations in public spaces around Taiwan will rise from 2,099 at present to 7,167 in 2025.
In Taiwan, there have been more electric vehicle registrations each year. Only 737 electric vehicle registrations were made in 2016, but this number quickly increased to 13,364 units in 2020, an increase of over 18 times in just five years. However, there were more than 8 million registered automobiles in Taiwan in 2020, and just 0.16% were electric vehicles.
In 2020, there were 12,220 units of BEV registrations, 1,345 were electric/gasoline, 5 were electric/diesel fuel, and 180 were electric range extenders.
eTreego is the leading Ev charging solution provider with nearly 2,600 charging piles in Taiwan.
The demand for infrastructure for electric car charging is anticipated to increase in the upcoming years due to a boom in the use of electric vehicles.
During the forecast period, several initiatives, including public-private partnerships, would fuel the expansion of Malaysia's infrastructure for electric vehicle charging.
In Malaysia, there are nearly 950 Ev charging stations. As of December 2022, there were nearly 11,000 fully electric vehicles registered in Malaysia.
By the end of 2023, the government of Malaysia intends to install 4,500 charging stations.
The Klang Valley, which includes the nation's capital Kuala Lumpur and the Selangor region's neighboring cities and towns, and significant urban regions along Peninsular Malaysia's western coast have most of Malaysia's EV charging stations.
By 2050, 1.3 million charging stations must be set up nationwide to accommodate Malaysia's expected 38 million electric vehicles. By 2030, Malaysia will need 150,000 public charging stations, costing around USD 3.7 billion.
According to the Malaysian government's Low Carbon Mobility Blueprint, by 2025, there will be nearly 10,150 charging stations (1,100 unit DC type and 9,050units AC or slow charging), and by 2030, hybrid and electric vehicles will make up at least 15% of the market volume. Over 15,000 plug-in hybrids, hybrids, and fully electric vehicles will be used in Malaysia by 2022.
Due to government tax incentives to promote adoption, passenger EV sales in Malaysia will expand quickly in 2023. In 2023, Malaysian sales of passenger EVs will increase by 45.6% to 4,449 units.
By 2023, EV sales in the nation might increase by 45.3%, and by 2024, EV ownership might surpass 1%. Currently, the adoption rate of EVs is 0.3%.
Manufacturers of EV charging equipment will receive a 100% income tax exemption under Budget 2023 and a 100% investment tax deduction for a five-year period.
Exicom is the largest EV charging brand in Malaysia, with a 40% market share.
In Hong Kong, the market for electric car charging is a bustling industry with many different uses. There are more car charging stations in Hong Kong thanks to government initiatives in many countries worldwide. For instance, the government announced the Hong Kong Roadmap on Popularization of Electric Vehicles, which outlines long-term policy goals and plans for boosting the adoption of EVs and their supporting infrastructure in Hong Kong on March 17, 2021. The growth of Hong Kong will follow the roadmap to attain zero vehicle emissions by 2050.
The growth of the market is also being aided by advancements in communications technology, such as real-time data on all-electric automobile charging stations for smart connectivity. The market for EV charging stations in Hong Kong is growing thanks to the involvement of major corporations such as Tesla. These companies are actively investing in the construction of electric vehicle charging infrastructure.
By March 2023, there were 5,775 EV chargers available for public use, including 3,307 medium chargers and 1,015 rapid charges in Hong Kong, serving all 18 districts. As of the end of May 2023, there were 58 371 EVs in existence or around 6.3% of all vehicles.
7,000 EV charging stations must be installed in government buildings by the end of 2025.
Nearly 19,821 new private cars registered in 2022 were electric vehicles.
In terms of charging effectiveness, a Tesla 3 Long Range operating at peak efficiency may recoup up to 120km of charge in under five minutes using V3 Supercharging. There were 34 Tesla supercharger stations conveniently located around Hong Kong as of June 15th, 2021.
In October 2020, the Hong Kong government unveiled a HK$2 billion plan to subsidize the installation of charging infrastructure for more than 60,000 parking spaces in existing private residential buildings. In the April 2022 budget, the city allocated an extra HK$1.5 billion to support its efforts in addressing climate change and attaining carbon neutrality by 2050.