Global Electric Vehicle on-board charger Market 2018-2023

Mobility Foresights announces the publication of a new syndicated report titled “Global Electric Vehicle On-board Charger Market 2018-2023”

Key contents of the report include-

• Market size and Forecast segmented by, Application segment (BEV (Battery Electric vehicle) and PHEV (Plug in Hybrid Electric vehicle)), Geography (North America, Europe, Asia Excluding China and China), On-board charger capacity(5Kw)

• Market Dynamics (Trends, Drivers and Challenges)

• Market share and competitive landscape of On-board charger manufacturers by application segment (BEV and PHEV)

Download a sample of the report at our website- http://bit.ly/2HaocKy

INTRODUCTION

The cost to charge an EV at public charging stations varies by a reasonable amount. A few stations are free, while others can cost over twice as much as home charging. Be that as it may, the effect of high open charger costs is regularly quieted by the high dominance of home charging. Public chargers, like those at malls or near highways, and those at workplaces are subject to commercial electricity rates, which are higher than residential rates. At times, it can cost so much to charge an electric car that it makes more sense to drive a gasoline-powered vehicle. This universal reason warrants the presence of an on-board charger in an electric vehicle.

MARKET DYNAMICS

The high price of electric cars as compared to same segment ICE (internal combustion engine) powered car has been a major barrier to their adoption. But cost is no longer as daunting as electric car batteries have gotten cheaper, government subsidies have increased, and dealerships have begun offering affordable leases. Now, the question of where to charge is a bigger issue, especially for the ~40% of urban population who live in multi-unit apartment buildings. Many of them don't have a dedicated parking spot, which makes it difficult to charge an electric car at home.

Lack of public charging stations remain even more critical for intercity travels where present EV owners just don’t feel confident enough to take their EV anywhere anytime. It can be a challenge to own an EV if the owner can’t charge it at home, or if they need to charge while working, shopping or traveling

MARKET SIZE AND FORECAST

The market size of on-board chargers will be directly proportional to EV market growth and inversely proportional to public charging station growth. The cost of building the EV infrastructure requires massive capital investment and co-operation from state and local administration, which of course is not very easy to find.

The statistic represents the number of electric vehicle charging stations and charging outlets in the U.S. as of November 2017, there were just ~16,550 electric charging stations for 540,000 PHEV and BEVs on the road in 2016 in the US and as of 2016, there were just ~150,000 stations across China for 650,000 electric cars on road. In urban areas like New York City, where multifamily homes are common, home charging may not be easy, and in many places where public charging is available, it can be hard to access or to use.

COMPETITIVE LANDSCAPE

The current cost of an on-board charger is $xx per KW, which is expected to come down by XX% by 2023.The suppliers are concentrating on building up a 5 kW battery charger which is completely integrated in the body of the vehicle and uses on-board control hardware to optimise cost and weight. It will also have the capacity of charging completely drained batteries. But, the technology is still in development phase and might take longer than expected.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. The market size (both volume and value) of global EV on-board charger Market in 2018-2023 and every year in between?

2. The market size and forecast segmented by Application segments (PHEV and BEV)

3. The market size and forecast segmented by on-board charger capacity type (5KW)

4. Market share of suppliers in BEV and PHEV segment respectively

5. Cost breakup of on-board charger

6. Latest trends in EV on-board charger

7. Will electric and autonomous cars really happen?

8. Will 2030 be the death of internal combustion engine powered cars?

To enquire about the report, write to us at sales@mobilityforesights.com

The report can be purchased at http://bit.ly/2HaocKy

We are a market research firm specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction& agricultural equipment. We deal in syndicated research, custom research and consumer research for all the above domains mentioned. We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion.

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This release was published on openPR.