People wary of combustion engine bans and EVs’ recent popularity gains aren’t typically skeptical of EVs themselves. They’re worried about the feasibility of charging all the world’s EVs, and for good reason. A new report by automotive market research firm S&P Global Mobility says the United States will require 2.3 million EV chargers by 2030. This isn’t including the chargers some EV owners have at home, which usually sit at level 1.
“The transition to a vehicle market dominated with EVs will take years to fully develop, but it has begun,” said analyst Ian McIlravey in S&P’s statement. “With the transition comes a need to evolve the public vehicle charging network, and today’s charging infrastructure is insufficient to support a drastic increase in the number of EVs in operation.”
(Image: Brian Wangenheim/Unsplash)
S&P estimates that there are about 126,500 level 2 and 20,431 level 3 fast chargers currently supporting the United States’ 1.9 million EVs. By 2025, the total number of EVs in operation could jump to 7.8 million; by 2030, that number is expected to become 28.3 million. Supporting such a drastic shift in the way we get around will require a total of 2.13 million level 2 chargers and 172,000 level 3 fast chargers, according to S&P’s calculations. For those who don’t want to do the math in their heads, that’s 2,003,500 more level 2 chargers than we already have, and 151,569 more level 3 fast chargers.
The level 2 chargers that we’re most in need of use the type of 240-volt circuit found on an electric clothes dryer and can typically charge an EV within five hours. These are the chargers you normally see at shopping centers. Level 3 fast chargers require a more significant power grid connection but charge most EVs to 80% capacity within just 15 minutes. This means we can get by with fewer of them: Faster charge times mean less waiting for a charger to become available.
Thankfully, several companies are working on this front. Tesla has been working to expand its Supercharger network, while Mercedes-Benz announced last week that it will be launching its own level 3 EV charging network. General Motors is likewise looking to install a couple thousand fast chargers across the US.
S&P makes the case that 2030 might feel like it’s ages away, but when it comes to infrastructure changes, it’s just around the corner. More mainstream automakers are embracing the EV shift, and with even the federal government switching to EVs, it only makes sense that we’re in dire need of more chargers than ever before.
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