Global EV charging stations passes one million threshold

The electric vehicle industry has quietly hit one of its biggest milestones to date, as the number of public charging plugs around the world ticks above the 1 million mark. The threshold was crossed sometime in May, having doubled in just three years, according to the recent tally by BloombergNEF.

Most of the new infrastructure has been built in China and Europe. 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.

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 on infrastructure. Of course, the plugs required will ultimately depend on how many electric vehicles are purchased; and vice versa.

Via Automotive News