√US needs eight times more electric vehicle chargers by 2030 – report

Surging sales of electric vehicles in the US will require more than two million chargers by the end of the decade – up from 150,000 today.

The US will require more than 2.1 million electric vehicle chargers by the end of the decade, up from less than 150,000 in 2022, according to a new report by industry analyst S&P Global Mobility.

The forecast predicts the need for more than three times as many public chargers as the 700,000 included in the $US7.5 billion ($AU10.6 billion) of funding in the Bipartisan Infrastructure Law enacted by the US Government.

Sales of electric vehicles hit 807,180 in the US last year – and represented 5.8 per cent of new vehicles sold, up from 3.2 per cent a year earlier – according to figures from the market research company Motor Intelligence and reported by the Wall Street Journal.

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As a result, S&P Global Mobility predicts the total number of electric vehicles on US roads could rise to 7.8 million by 2025 and as many as 28.3 million by 2030.

To service that many electric vehicles, S&P – a research company, best known for its stock market ratings of companies in the US – said the number of public chargers in the US needed to quadruple by 2025 and grow eight-fold by 2030.

It says there are currently about 126,500 ‘Level 2’ charging stations in the US – which take about five hours to fully recharge an electric vehicle – and another 20,431 ‘Level 3’ fast chargers – about 15-20 minutes to charge to 80 per cent of the battery capacity.

Looking ahead to the vehicle totals for 2025, S&P predicts the US will need 700,000 ‘Level 2’ and 70,000 ‘Level 3’ chargers.

In 2030, 2.13 million ‘Level 2’ and 172,000 ‘Level 3’ public chargers will be required, S&P Global Mobility forecasts.

These numbers are in addition to any home charging set-ups installed by the owners of electric vehicles.

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