Global electric vehicle cords top 1 million

It is expected that one in 10 vehicles purchased in 2025 will be battery-powered and by 2040, the world will need some 12 million public charging poin
...
Mining lithium to make EV batteries takes up a lot of groundwater resources, which results in depleting water levels, soil contamination and other environmental degradation. (MINT_PRINT)
Mining lithium to make EV batteries takes up a lot of groundwater resources, which results in depleting water levels, soil contamination and other environmental degradation.

The electric vehicle industry has quietly hit one of its biggest milestones to date, as the number of public charging plugs around the world ticksabove the 1 million mark.

The options for juicingup a car that runs on electrons crossed the seven-figure threshold sometime in May, havingdoubled in just three years.Most of the new infrastructure has been built in China and Europe. North America, with far less robust public subsidy and support, remains a distant third in the chargingrace, though there is some hope that a pandemic stimulus plan will catalyze a new wave of construction.

Also check these Vehicles

Find more Cars
Tesla Model S (HT Auto photo)
UPCOMING
BatteryCapacity Icon100 kWh Range Icon570 km
₹70 Lakhs - 1 Cr
Alert Me When Launched
Tesla Model 3 (HT Auto photo)
UPCOMING
BatteryCapacity Icon82kWh Range Icon 555 km
₹ 40 Lakhs
Alert Me When Launched
Audi New A3 (HT Auto photo)
UPCOMING
Engine Icon1998.0 cc FuelType IconPetrol
₹ 39 - 45 Lakhs
Alert Me When Launched
Hyundai Kona Electric 2024 (HT Auto photo)
UPCOMING
BatteryCapacity Icon64.8 kWh Range Icon418 Km
₹ 25 Lakhs
Alert Me When Launched
Hyundai Kona Electric (HT Auto photo)
BatteryCapacity Icon39.2 kWh Range Icon452 km
₹ 23.79 - 23.98 Lakhs
Compare
View Offers
Battre Electric Mobility Loev (HT Auto photo)
BatteryCapacity Icon3.1 kWh Range Icon60 km
₹59,900
Compare

Also Read : Builder of world's largest EV charging network raises new round of funding

A parade of new battery-powered pickups —from the likes of Ford, Rivian and Tesla—may also speed up the pace of charger installations in the U.S. when those modelsstart rolling off assembly lines next year. And General Motors has finally decided to invest in charging stations, 24 years after making its first electric vehicle.

“The election could make a big difference as well," said BloombergNEF analyst Ryan Fisher. “Biden’s been really bullish on both EVs and charging infrastructure." On July 14, the Democratic presidential candidate released a $2 trillion clean energy plan, including a Cash-for-Clunkers type program intended to spur people to trade gas-burning vehicles for electric models.

Regardless of voting results, the U.S. seems hard-pressed to catch up to those leading the way on charging.The Netherlands, for example, has slightly more car charging cords than the U.S., though the country as a whole has fewer licensed drivers than the state of New York. China remains the most aggressive on jump-starting its electric vehicle economy with more than half of the world’s plugs. Electric vehicle infrastructure is speeding along there; in Europe, France leads in its network investments. The European Union recently announced a goal of 1 million public chargers by 2025.

Also Read : EVs are clean, but mining of batteries pose great environmental risks: UN body)

Part of the recent growth can be attributed to a land-grab effect, as network developers like Engie, the French utility, and Allego, a Dutch startup, race for the best sites. Stimulus spending and a recent mandate for chargers at German petrol stations have primed the plugs as well. “In Europe at least, there is going to be loads of charger put in ahead of demand in the next few years, because of those two things," Fisher said. “It could be quite a monopolistic thing …and if the land is gone, then you can’t put a charger there."

BloombergNEF expects one in 10 vehicles purchased in 2025 will be battery-powered and by 2040, the world will need some 12 million public charging points and almost $400 billion spent oninfrastructure. Of course, the plugs required will ultimately depend on how many electric vehicles are purchased; and vice versa.


Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape.

First Published Date: 05 Aug 2020, 20:57 PM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city
Select a dealer

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.