1 Million Public EV Charging Stations Needed in the EU by 2024

By McKenzie Carpenter Thursday, February 11, 2021

As the EV market continues to expand across the globe, many automotive companies and governments are looking for more ways to integrate electric vehicles into the mass market. With this, the European Union, or EU, has been under some pressure from environmentalists, and even automobile businesses, to institute 1 million EV charging stations by 2024.

An electric car charging area.

Charging Stations in the EU

The European Automobile Manufacturers Association (ACEA), The European Consumer Organization (BEUC), and Transport & Environment released a statement today calling on the EU to implement 1 million charging stations for electric vehicles by 2024 and 3 million by 2029.
“The EU Commission quickly needs to take action and set binding targets for the ramp-up of charging infrastructure in the member states,” said ACEA president Oliver Zipse. Zipse is also a chairman of the board for automotive company BMW.

This call-to-action comes as no surprise as Western Europe is the largest market for electric vehicles in the world, with 1.33 million electric vehicles sold in 2020. European legislation has also demanded from European automotive businesses to reduce EV carbon emissions to 95 grams of CO2 per kilometer (roughly 57 miles per gallon).

With this push, environmental activists and automobile companies are hoping to encourage consumers to buy an EV and take part in reducing the carbon footprint. Startup Savant wrote that while the EV market continues to grow at a rapid pace, range anxiety prevents automobile businesses from selling more electric vehicles, even though the range of an EV has expanded to more than 200 miles between charges.

The European EV Market

The European EV market is the largest in the world, as it had 285,000 EV sales in December 2020 alone and increased its global market share from 2.5% in 2019 to 4.2% in 2020. The European Environment Agency reported that there were 550,000 electric car registrations in 2019. Furthermore, Western Europe in total had 727,927 electric vehicle units sold in 2020.

While the average EV cost is $35,000 to $103,000, the second-highest average in the world, the payoff is much greater in the long run. Exact numbers are hard to determine, but electric vehicles produce fewer emissions than gasoline because electricity is an easier energy source to generate.

In addition, the EU had a reported 224,538 public charging stations in 2020. The European wireless charging for electric vehicles market is expected to have a CAGR of 25% over the next five years. While the rollout of all of the charging stations will take some time, the overall impact will be greater as the carbon footprint will decrease.

Final Takeaways

With pressure from environmental activists and automobile businesses to implement more EV charging stations, the EU will have to make a change in the current infrastructure so that electric vehicles can be used for more mass consumption and also take part in helping decrease harmful emissions.

About the Author

Headshot for author McKenzie Carpenter

McKenzie Carpenter is a graduate of Central Michigan University with a B.A.A. in Integrative Public Relations and French. McKenzie has previously worked for small businesses and nonprofit organizations.

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