With the tipping point for mass EV adoption approaching, the report analyzes what’s driving the mobility revolution in North America and Europe
CAMPBELL, Calif. – ChargePoint, a leading electric vehicle charging network, today announced the publication of its 2022 Charging Forward report, providing businesses, fleets, and residential property owners with a broad look at how they can participate in the new fueling network. The report reviews the EV industry over the last five years, ChargePoint’s predictions for the next five years and beyond, and the key factors ChargePoint believes are driving EV adoption across North America and Europe.
This year’s Charging Forward revisits bold predictions made in the 2017 edition when ChargePoint offered its five-year market outlook, successfully projecting industry growth and a broader commitment to electric vehicles at a global level. According to BloombergNEF data, global passenger EV sales more than doubled from 2020 to 2021, and as of last year, every one in ten new vehicles sold was an EV.
“We believe mobility is in the midst of its greatest transformation in generations, and mass EV adoption is closer today than ever before,” said Colleen Jansen, chief marketing officer, ChargePoint. “Charging Forward provides business, fleets, property owners, and drivers with a broad look at how the market has grown, where it stands today, where ChargePoint believes it’s going in the next five years and responds to many of the common myths facing the industry. As more industries and consumers embrace EVs, we believe the greater the need for hardware and software solutions that ensure everyone who needs to charge has access.”
In the last five years, automakers have embraced the shift toward electric mobility, making significant investments to develop and produce new EV models. In the same time period, ChargePoint grew its network in line with driver demand to simplify the transition to electric mobility. Today, a driver plugs into the ChargePoint network every second or less. Additionally, major fleet operators have invested in fleet electrification, driving growth in sessions delivered on the ChargePoint network to electric fleets by more than 200% since 2017.
Charging Forward also outlines the company’s predictions for the coming years, including a global tipping point for EV adoption within the next decade, rapid growth in home charging adoption, as well as broader positive impacts that ChargePoint anticipates the shift to electrification will have on everyday lives.
The report is available for download online here.