Still growing rapidly! The charging station market is expected to exceed 180 billion yuan in 2025

The number of new energy vehicles overseas will reach 28.97 million in 2025, and the number of charging stations will reach 19.06 million in 2025.

The number of new energy vehicles overseas will reach 28.97 million in 2025, and the number of charging stations will reach 19.06 million in 2025. As of 2021, the number of new energy vehicles in overseas markets has reached 7.52 million. It is expected that the sales volume of new energy vehicles in overseas markets will continue to maintain a high growth trend from 2022 to 2025, and the number of new energy vehicles in overseas markets will reach 28.97 million in 2025. Assuming that the proportion of private charging stations installed with vehicles overseas reaches 60%, the number of charging stations in overseas markets will reach 5 million in 2021. Due to the fact that the construction of public charging stations in the European and American markets is not as expected, the ratio of cars to stations has increased from 2019 to 2020. With the promulgation of charging station subsidy policies by the European and American governments, the construction of charging stations overseas is expected to usher in explosive growth. It is expected that the ratio of cars to stations will have the potential to decline further from 2024 to 2025. It is expected that the ratio of cars to stations will reach 1.52 around 2025, and the number of charging stations will reach 19.06 million by then.

In 2025, the number of newly added charging stations overseas is expected to exceed 6.4 million, and the market size of charging stations will reach 81 billion yuan in 2025. In 2021, it is estimated that the number of private charging stations will increase by 1.85 million and the number of public charging stations will increase by 120,000. Assuming that the unit price of private charging stations is 3,000 yuan/unit, the price of public AC charging stations is 7,500 yuan/unit, and the price of public DC charging stations is 115,200 yuan/unit, the market space in 2022 will be 13.1 billion yuan. Most of the overseas end users are private charging stations. They are not restricted by the lack of parking spaces and the lack of cooperation of residential properties. The proportion of private charging stations continues to remain high. At the same time, with the popularization of new fast charging technologies such as 800V, the market share of public DC charging stations will further expand. It is estimated that the market size of overseas charging stations will reach 81 billion yuan in 2025, of which DC fast charging accounts for 80%, and the compound growth rate from 2021 to 2025 will reach 76%.

Overseas charging stations have not yet formed a stable pattern. The top 5 charging stations in the United States (excluding Tesla) account for only 36%. The builders of overseas charging stations are mainly governments, power grid companies, third-party charging station operators, traditional energy companies, logistics fleets, etc. The US federal government's 7.5 billion subsidies are tendered by state governments, and subsidies in European countries are tendered by local operators in each country. Therefore, the downstream customers of charging stations are scattered, and it is difficult for charging station companies to quickly increase their overseas market share by binding a single customer. The downstream customers of charging stations are scattered, so the establishment of a B-end sales team has become the key to developing overseas customers.