Navigant Research Report Shows Global Sales of DC Fast Chargers for Electric Vehicles Are Expected to Reach 70,000 in 2026

Automaker, utility investment is speeding the creation of DC fast
charging networks at all power levels, report finds

BOULDER, Colo.–(BUSINESS WIRE)–#EVCharging–A new report from Navigant
Research examines the state of electric vehicle (EV) direct current
(DC) fast charging deployment and key market drivers, providing global
forecasts for equipment sales, segmented by power level, through 2026.

DC fast charging has gone from a niche segment of the EV charging market
to the segment with a significant degree of investment and momentum
behind it. Automakers are making multi-year commitments to roll out fast
charging stations that will serve the coming generation of long-range
battery EVs (BEVs), while also driving the push toward higher power DC
fast charging—from a minimum of 100 kW up to 350 kW. Click
to tweet: According to a new report from @NavigantRSRCH,
global sales of DC fast chargers are expected to grow from 19,000 units
to over 70,000 in 2026.

“While automaker and utility investment will speed creation of DC fast
charging networks, in the long-term, these stations will have to become
self-sustaining,” says Lisa Jerram, principal research analyst with
Navigant Research. “This will require maximizing utilization and also
creating new revenue opportunities through driver services.”

Several automakers have made the decision to invest in DC fast charging
network deployment to support their long-range BEV introductions,
according to the report. However, while high power DC charging is
considered an important element of making drivers comfortable with
purchasing a BEV, these stations are still unlikely to see high
utilization in the next few years, leaving the question of a sustainable
business model for DC fast charging to be resolved.

The report, DC
Fast Charging Equipment for EVs, discusses the significant
issues in the DC charging market today and the remaining barriers to the
long-term success of DC charging networks. The study reviews the state
of DC charging standards and the key players in the market. Global
forecasts for DC charging equipment sales, segmented by power level,
extend through 2026. The report also examines the role of automakers and
different business models and use cases. An Executive Summary of the
report is available for free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, DC Fast Charging Equipment for EVs, is a summary and
reflects Navigant Research’s current expectations based on market data
and trend analysis. Market predictions and expectations are inherently
uncertain and actual results may differ materially from those contained
in this press release or the report. Please refer to the full report for
a complete understanding of the assumptions underlying the report’s
conclusions and the methodologies used to create the report. Neither
Navigant Research nor Navigant undertakes any obligation to update any
of the information contained in this press release or the report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]