More than 50 million electric vehicles could be sharing roads in the next five years. Updating charging infrastructure is key to scaling the industry.
E-mobility has reached a tipping point. More than 250 new models of battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) will be introduced in the next two years alone, and as many as 130 million EVs could be sharing roads the world over by 2030.1 To support these numbers, significantly expanded charging is required—and it will not be cheap. In fact, an estimated $110 billion to $180 billion must be invested from 2020 to 2030 to satisfy global demand for EV charging stations, both in public spaces and within homes.
  • McKinsey
  • ·
  • Originally published January 7, 2021