How much will the charging pile market cost in 2025?

By 2025, the overall charging pile market in Europe and the US will reach a combined total of about 73.12 billion yuan ($10.1 billion), with more than three-quarters of the market share coming from private charging piles, according to an estimate by Guosen Securities.

Are homegrown charging piles for new energy vehicles a big deal?

[XIE SHANGGUO/FOR CHINA DAILY] Global interest in homegrown charging piles for new energy vehicles has ballooned as China cements its leading position in the global NEV market with exports set to almost double this year, experts and industry executives said.

How many EVs are there per public charging point?

However, in some markets characterised by widespread availability of home charging (due to a high share of single-family homes with the opportunity to install a charger) the number of EVs per public charging point can be even higher. For example, in the United States, the ratio of EVs per charger is 24, and in Norway is more than 30.

How long does a charging pile take to recharge a car?

The company's charging pile for household use, equal to the size of an electronic scale, can recharge a car in four to seven hours, Li said, adding that installation of charging piles in homes overseas will become inevitable due to its greater convenience and lower costs.

Where do workers work for charging piles in China?

Employees work on a production line for charging piles in Huzhou, Zhejiang province, in June. [XIE SHANGGUO/FOR CHINA DAILY]

What is a public fast charger?

Like slow chargers, public fast chargers also provide charging solutions to consumers who do not have reliable access to private charging, thereby encouraging EV adoption across wider swaths of the population. The number of fast chargers increased by 330 000 globally in 2022, though again the majority (almost 90%) of the growth came from China.