The Future of Transportation is Rechargeable
Global electric vehicle sales are likely to hit 1.6 million in 2018, according to a study by Frost & Sullivan, and reported on by Forbes. That’s trending up from 1.2 million, compared to global sales in 2017. The U.S. accounted for about 200,000 of all EV sales in 2017. The bulk of sales have in China with around 600,000 in EV sales for that same year.
During the last several years, that makes the year to year growth rate 70% in the U.S., for the last several years, according to a MarketWatch article. As the demand for electric vehicles increase, so will the demand for charging stations. The lack or presence of an EV charging station will be important to the market’s future.
Some consumers may not buy if there isn’t a station nearby. Estimates by Forbes say there will be anywhere from 90,000 to 120,000 charging stations, worldwide, by the end of 2018. Most of the stations will be in areas with the highest EV sales.
If the demand for charging stations and batteries follow the trend of electric vehicles sales, these number will see extreme growth in the years to come. …