Transformation of Electric Vehicle Charging Technologies, Forecast to 2027

Transformation of Electric Vehicle Charging Technologies, Forecast to 2027

11kW On-board Chargers Likely to become a Standard on BEVs by 2027

RELEASE DATE
05-Feb-2021
REGION
Europe
Research Code: MFBA-01-00-00-00
SKU: AU02133-EU-MT_25233

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Description

The automotive industry is evolving rapidly, both in terms of technology and in tackling environmental issues. Electric vehicles (EVs) have been introduced as a clean energy initiative and are just now becoming an integral part of OEMs’ business strategies. Automakers like Volkswagen, Hyundai-Kia, and Renault-Nissan-Mitsubishi (RNM) are creating separate EV business units to prepare for the expected EV boom. However, the surge in EV demand will create a need for charging infrastructure as well as new safety regulations and standards. The EV market is picking up pace and OEMs are focusing on technological advancements which mainly deal with vehicle range and charging, which are the major challenges for the industry. EV on-board chargers (OBCs) play an important role in deciding the charging time based on the specifications offered by OEMs. First-generation EVs were launched had the slowest form of charging with a 3.7 kW of charging power. This would require a minimum of 8 hours for charging for a 25kWh battery pack. With technological advancements, the power rating was upgraded to 6.6-22kW to enable fast AC charging. 98.3% of OEMs will shift from 3-5kW OBCs to 6-11kW ones. This is mainly due to the transformation in the EV charging infrastructure as most of it will be compatible with up to 43kW OBCs by 2027. 11kW OBCs are likely to become a standard in battery electric vehicles (BEVs) while 6-8kW OBCs will be highly adopted in plug-in hybrid electric vehicles (PHEVs). DC charging in BEVs will become a standard and a majority of OEMs will enable BEVs with a 50-250kW charging capability. Currently, there are only 2-3 PHEVs with a DC charging option. However, in the future, there will be at least 8 OEMs that will provide DC charging on PHEVs. Premium OEMs will focus on 350kW+ DC charging on select models; however, they will adopt 100-250kW as standard equipment. Mass-market BEVs will come with AC and DC options as standard since the average size of the battery pack will increase from 30-40kWh to 60-90kWh. Due to low technical barriers, low cost and strong adaptability, AC charging points once became the first choice of operators, especially in residential, office and commercial places. However, in recent years, as the charging technology has matured, efficient DC charging points have gradually become popular. As the number and coverage of AC and DC charging points increase, integrated AC and DC (AC-DC) charging points will soon be eliminated. 22kW OBC will be offered as an option on certain models. However, the concept of dual OBC will emerge where two OBCs (11kW each) will be fitted on the vehicle. This study gives a detailed analysis of the future adoption of charging technologies by OEMs across regions for both AC and DC charging.

Author: Prajyot Sathe

RESEARCH: INFOGRAPHIC

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Table of Contents

Key Trends

Historic EV Sales

AC On-board Charging by kW

Electric Charging Roadmap, OBC Strategy of PHEV OEMs

DC Charging by kW

Electric Charging Roadmap, DC Charging Strategy of PHEV OEMs

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on Charging Technologies for EVs

Growth Opportunities Fuel the Growth Pipeline Engine™

Charging Technologies for EVs, Market Overview

Research Approach for Estimating OBC and DC Charging

Product Segmentation

Definition of EV Charging Infrastructure

Key Trends

Battery Capacity Range and Impact on Charging Capacity

Historic EV Sales

EV Market, 2019 Global Trends

xEV Passenger Car Breakdown by Region, 2027

Hybrid and EV Sales Mix, Forecast to 2027

AC On-board Charging by kW

AC On-board Charging by BEV

AC On-board Charging by PHEV

AC On-board Charging by Region

AC On-board Charging by OEM

Electric Charging Roadmap, OBC Strategy of PHEV OEMs

Electric Charging Roadmap, OBC Strategy of BEV OEMs

DC Charging by kW

DC Charging by Vehicle Type

DC Charging by Region

DC Charging by OEM

Electric Charging Roadmap, DC Charging Strategy of PHEV OEMs

Electric Charging Roadmap, DC Charging Strategy of BEV OEMs

Existing Charging Infrastructure, United States

Charging Point Installations, United States

Charging Station Points Infrastructure Installation by Location, United States

Public Charging Infrastructure Providers, United States

EV Charging Infrastructure Deployment Projection, United States

Existing Charging Infrastructure, Europe

Charging Point Installations, Europe

Charging Station Points Infrastructure Installation by Location, Europe

Public Charging Infrastructure Providers, Europe

EV Charging Infrastructure Deployment Projection, Europe

Existing Charging Infrastructure, Japan

Charging Station Installations, Japan

Charging Station Points Infrastructure Installation by Location, Japan

Public Charging Infrastructure Providers, Japan

EV Charging Infrastructure Deployment Projection, Japan

Existing Charging Infrastructure, South Korea

Charging Point Installations, South Korea

Charging Station Points Infrastructure Installation by Location, South Korea

Public Charging Infrastructure Providers, South Korea

EV Charging Infrastructure Deployment Projection, South Korea

Existing Charging Infrastructure, China

Public Charging Point Installations, China

Charging Station Points Infrastructure Installation by Location, China

Public Charging Infrastructure Providers, China

EV Charging Infrastructure Deployment Projection, China

Brusa Elektronik

Brusa Elektronik (continued)

LG Electronics

LG Electronics (continued)

Shinry Technologies

Shinry Technologies (continued)

Nichicon Corporation

Nichicon Corporation (continued)

Lear Corporation

Lear Corporation (continued)

Leopold Kostal

Leopold Kostal (continued)

Continental AG

Continental AG (continued)

Shenzhen VMAX New Energy

Shenzhen VMAX New Energy (continued)

BYD

BYD (continued)

Shenzhen INVT Electric (INVT)

Shenzhen INVT Electric (INVT) (continued)

Bosch EV Charging Solutions

Bosch EV Charging Solutions (continued)

Growth Opportunity 1—EV On-board Chargers, 2019

Growth Opportunity 1—EV On-board Chargers, 2019 (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

The automotive industry is evolving rapidly, both in terms of technology and in tackling environmental issues. Electric vehicles (EVs) have been introduced as a clean energy initiative and are just now becoming an integral part of OEMs business strategies. Automakers like Volkswagen, Hyundai-Kia, and Renault-Nissan-Mitsubishi (RNM) are creating separate EV business units to prepare for the expected EV boom. However, the surge in EV demand will create a need for charging infrastructure as well as new safety regulations and standards. The EV market is picking up pace and OEMs are focusing on technological advancements which mainly deal with vehicle range and charging, which are the major challenges for the industry. EV on-board chargers (OBCs) play an important role in deciding the charging time based on the specifications offered by OEMs. First-generation EVs were launched had the slowest form of charging with a 3.7 kW of charging power. This would require a minimum of 8 hours for charging for a 25kWh battery pack. With technological advancements, the power rating was upgraded to 6.6-22kW to enable fast AC charging. 98.3% of OEMs will shift from 3-5kW OBCs to 6-11kW ones. This is mainly due to the transformation in the EV charging infrastructure as most of it will be compatible with up to 43kW OBCs by 2027. 11kW OBCs are likely to become a standard in battery electric vehicles (BEVs) while 6-8kW OBCs will be highly adopted in plug-in hybrid electric vehicles (PHEVs). DC charging in BEVs will become a standard and a majority of OEMs will enable BEVs with a 50-250kW charging capability. Currently, there are only 2-3 PHEVs with a DC charging option. However, in the future, there will be at least 8 OEMs that will provide DC charging on PHEVs. Premium OEMs will focus on 350kW+ DC charging on select models; however, they will adopt 100-250kW as standard equipment. Mass-market BEVs will come with AC and DC options as standard since the average size of the battery pack will increase from 30-40kWh to 60-90kWh. Due to low technical barriers, low cost and strong adaptability, AC charging points once became the first choice of operators, especially in residential, office and commercial places. However, in recent years, as the charging technology has matured, efficient DC charging points have gradually become popular. As the number and coverage of AC and DC charging points increase, integrated AC and DC (AC-DC) charging points will soon be eliminated. 22kW OBC will be offered as an option on certain models. However, the concept of dual OBC will emerge where two OBCs (11kW each) will be fitted on the vehicle. This study gives a detailed analysis of the future adoption of charging technologies by OEMs across regions for both AC and DC charging. Author: Prajyot Sathe
More Information
No Index No
Podcast No
Author Prajyot Sathe
Industries Automotive
WIP Number MFBA-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9807-A6,9882-A6