The EV revolution is here
A look at electric vehicle sales growth and the evolution of global climate policy
Mobility is changing. BNEF predicts that passenger EV sales will exceed 14 million in 2025, an increase of more than 100% from 2021.3 And it’s not only born-electric automakers creating the trend. Most major automobile manufacturers have committed billions of dollars toward electrification within this decade with several notable brands, including General Motors, Jaguar, Mercedes-Benz, Volkswagen and Volvo, planning to become fully electric by 2035 or sooner. Others like BMW, Cadillac, Fiat, Honda, Hyundai, Kia, Land Rover, Ford, Mitsubishi, Nissan and Toyota will significantly expand their EV offerings this decade.
Source: BNEF
3 “1Q 2022 Electrified Transport Market Outlook,” BNEF, March 2022
4 “1Q 2022 Electrified Transport Market Outlook,” BNEF, March 2022
You know the feeling. You purchase a new car and you think you’re the only person in the world who drives one. Suddenly, you notice it everywhere. That’s how it is with charging stations. EV drivers tell us it’s easy to find charging wherever they live, work and play, and that’s evident in our data.
Our network is scaling right alongside EV sales growth. Over the past five years, the ChargePoint network has grown by more than 300%, comparable to 340% EV sales growth in Europe and North America over the same period.
Over 80% of charging worldwide takes place at home. Our session data bears that out. The vast majority of charging sessions on the ChargePoint network occur either at home or at work. Rather than stopping at an out-of-the-way location to refuel, EV drivers prefer to top-off their car while it’s parked.
The ChargePoint Policy team is helping define electric fueling around the world, reducing infrastructure expenses and red tape and shaping grant and incentive programs to ensure businesses of all types and drivers everywhere have the best, most convenient, affordable and accessible charging experience possible.
Since 2007, ChargePoint has been at the forefront of efforts to one day move all people and goods on electricity across North America and Europe. We’re nearly there. To accomplish that goal, all of us must work together to make the transition to electric fueling as easy and as seamless as possible for drivers around the world.
5 “EVs Offer Big Savings Over Traditional Gas-Powered Cars,” Consumer Reports, October 2020