UK markets closed
  • NIKKEI 225

    26,173.98
    -397.89 (-1.50%)
     
  • HANG SENG

    17,250.88
    -609.43 (-3.41%)
     
  • CRUDE OIL

    82.07
    +3.57 (+4.55%)
     
  • GOLD FUTURES

    1,670.10
    +33.90 (+2.07%)
     
  • DOW

    29,683.57
    +548.58 (+1.88%)
     
  • BTC-GBP

    17,944.19
    +294.23 (+1.67%)
     
  • CMC Crypto 200

    445.28
    +16.49 (+3.85%)
     
  • ^IXIC

    11,045.24
    +215.74 (+1.99%)
     
  • ^FTAS

    3,820.23
    +9.79 (+0.26%)
     

Global Wireless EV Charging Growth Opportunities

·2-min read
ReportLinker
ReportLinker

2021 has been a strong year for electric vehicle (EV) sales, with 6. 8 million units sold and 9. 5% global market penetration, outperforming industry expectations. Despite the impact of chip shortages on production, the industry exceeded 100% YoY growth.

New York, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Wireless EV Charging Growth Opportunities" - https://www.reportlinker.com/p06318442/?utm_source=GNW


Conductive (wired) charging infrastructure grew to more than 500,000 charge points in 2021. The top 5 countries (excluding China) were the US, the Netherlands, France, Germany, and the UK.

These include AC/DC, public, and private charge points.

As of 2022, the wireless or inductive EV charging market is still in a nascent phase because of a lack of global standards, safety regulations, and established business models.

Conductive charging infrastructure is also underdeveloped.

Hence, the most likely adopters of wireless EV charging will be premium/luxury EV manufacturers offering it as an add-on feature and the commercial mobility sector.

About 90% of wireless charging will be stationary as dynamic (under-road) WEVC requires large-scale investment and an infrastructure overhaul.

Of the stationary wireless chargers, 80% will be in private locations, while 20% will be available to the public.

They will likely use charging pads rather than underground WPT devices.

Hyundai-Kia’s premium sub-brand Genesis is launching its all-new EV called GV60, built on the E-GMP pure electric platform.

The GV60 will offer factory-installed WEVC as an optional feature.

The WEVC system on the Genesis GV60 will be based on Witricity’s wireless charging technology, which is also J2954-compliant.

This is a potential business model for WEVC penetration, particularly into the premium EV market and possibly mass-market EVs, as Witricity endeavors to drive down costs.

Author: Prajyot Sathe
Read the full report: https://www.reportlinker.com/p06318442/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________

CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001