Efra Farah Usmani Power Technology Research

1. Confidential. ©Power Technology Research 2023.
EV and EV Charging Infrastructure
Forecasts
Efra Farah Usmani
Lead Analyst– E-Mobility
Efra.usmani@ptr.inc
Speaker: Prepared For:
Asia Pacific EV Charging infrastructure
2023

2. Confidential. ©Power Technology Research 2023.
Founded in 2016
Owned and operated by researchers, analysts, and power engineers
Objective:
To understand the recent and upcoming changes to our electric infrastructure while identifying and
communicating the best technologies and associated business models applied by industry leaders.
COVERAGE
Power Grid New Energy
PTR Inc.
The three pillars of PTR: Transparency, Diligence, and Digestibility

3. Confidential. ©Power Technology Research 2023.
Covering all aspects of transmission & distribution grid and emerging new energy topics
Specialized Power Grid & New Energy Market Research
Transformers
(Dist., Power)
Switchgear
(HV, MV)
Flexible AC Trans. Systems
(SVCs, STATCOMs)
Port Electrification
(Shore-to-Ship, Microgrid)
HVDC Market Analysis
(VSC, LCC, Cables)
Substation Automation
(Dist. vs Cent.)
Smart Meters
(Power Quality, AMI)
Synchronous Condensers
(4-Pole, 6-Pole,…)
Power Factor Correction
(Active, Passive)
Grid Communication
(Private LTE, 5G)
EV Charging Infrastructure
(Public, Private, Passenger/Comm.)
Energy Storage Value Chain
(Utility Scale, C&I)
Industrial Motors & Drives
(MV/LV - Custom)
Comm. & Off-Highway Vehicles
(BEVs, PHEVs, ICEs)
Hydrogen in Power Sector
(Tech., Demand, Value Chain)
H2
Impact of EVs on Power Grid
(Quantitative, Trafo., Switchgear)
AI in Power Grid
(Projects, Corp. Strategy, Policy )

4. Confidential. ©Power Technology Research 2023.
Agenda
Vehicle Electrification Trends
• Vehicle Electrification Trends- Light-Duty
Vehicles
• Vehicle Electrification Trends- Trucks and
Buses
• Electrification Landscape
Global EV Chargers Market Overview
• Global EVSE Market Forecast
• Global Public EV Charger Market
• Global Private EV Charger Market
APAC EV Chargers Market Trends
• Regional EVSE Market- APAC
• EVSE Country Market - APAC
EVSE Policies and Incentives
• Global EVSE Policies & Incentives
Competitive Landscape
• Key Competitive Analysis Trends

5. Confidential. ©Power Technology Research 2023.
Vehicle Electrification Trends

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Electrification Landscape – Light-Duty Vehicles
BEV passenger car and light commercial vehicle sales are rising globally, with greater sales in the APAC region.
Annual Passenger EV Sales
7,928
20,453
38,014
2,651
3,375
3,011
0
10,000
20,000
30,000
40,000
50,000
2022 2026 2030
Annual
Sales
(‘000s)
PHEV
BEV
Regional Distribution (Passenger EV)
23%
10%
67%
EMEA Americas APAC
32%
18%
50%
EMEA Americas APAC
2022 2030
Annual Electric LCV Sales
198
1,215
3,045
5
63
96
0
1,000
2,000
3,000
4,000
2022 2026 2030
Annual
Sales
(‘000s)
PHEV
BEV
Regional Distribution (Electric LCV)
38%
11%
51%
EMEA Americas APAC
24%
24%
52%
EMEA Americas APAC
2022 2030

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Electrification Landscape – Trucks & Buses
Compared to PHEVs, BEV truck and bus sales are increasing globally, with greater sales in the APAC region.
Annual Electric Bus Sales
114 189
544
4
19
44
0
200
400
600
800
2022 2026 2030
Annual
Sales
(‘000s)
PHEV
BEV
Regional Distribution (Electric Bus)
5%2%
93%
EMEA Americas APAC
13%
29%
58%
EMEA Americas APAC
2022 2030
Annual Electric Truck Sales
32
287
850
3
56
71
0
200
400
600
800
1,000
2022 2026 2030
Annual
Sales
(‘000s)
PHEV
BEV
Regional Distribution (Electric Truck)
3%5%
92%
EMEA Americas APAC
14%
27%
59%
EMEA Americas APAC
2022 2030

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Electrification Landscape
Norway, Sweden, Finland had the highest market share for electric vehicles in 2022
0
10
20
30
40
50
60
70
80
90
0 100 200 300 400 500 600 700 800 900 1,000
Share
of
EVs
in
car
sales
(%)
Annual Sales (‘000s)
Electric vehicle annual sales relative to market share of EVs
2018
2022

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Global EV Chargers Market
Overview

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$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
2021 2025 2030
Million
USD
Possible Market Scenarios 2021-2030
$ 63.5B
$ 38.9B
$ 23.0B
Revenue-2030
(Billion $)
CAGR (2021-
2030)
38%
31%
23%
Highest case (units);
Lowest price decline
Lowest case (units);
Highest price decline
Base case (units);
Base price decline
Implementation of
government plans and
incentives for charging
infrastructure
Price decline of
EV chargers
Rate of penetration
of EVs in the market
Volatile forecasts; Implementation of the plans and future price decline can significantly impact the market revenue in the forecast (Global)
Global EVSE Market Forecast

11. Confidential. ©Power Technology Research 2023.
DC high power charging (>60kW) is expected to grow rapidly in public charging infrastructure in comparison to DC low Power
Global Public EV Charger Market
0.48
1.24
1.78
0.77
1.00 0.89
1.25
3.05
4.30
2022 2026 2030
Revenue
(B
USD)
Public Charging Revenue by Charger Family
AC DC Low Power (≤60 kW) DC High Power (>60 kW)
DC Low Power DC High Power
AC
 Limited growth of public low-power DC chargers in
coming years
 Destination and en-route applications to spearhead
growth of public high-power DC chargers
2.5
2.9
3.6
4.6
5.3
5.9
6.2
6.6
7.0
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
2022 2023 2024 2025 2026 2027 2028 2029 2030
Revenue
(B
USD)
Public Charging Revenue
CAGR 2022-30
2%
CAGR 2022-30
17%
CAGR 2022-30
18%

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Global Private EV Charger Market
2.9
4.1
6.4
9.0
11.8
15.0
19.1
24.2
32.0
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
2022 2023 2024 2025 2026 2027 2028 2029 2030
Revenue
(B
USD)
Private Charging Revenue
 AC chargers’ leading market share will lead in
residential and workplace installations.
 In private sector, DC charging to grow exponentially
driven by fleet electrification.
While AC chargers remain the dominant type in EV charging, DC charging will gain more popularity in fleet applications.
1.74
5.35
11.39
0.70
3.34
8.06
0.50
3.07
12.54
2022 2026 2030
Revenue
(B
USD)
Private Charging Revenue by Charger Family
AC DC Low Power (≤60 kW) DC High Power (>60 kW)
CAGR 2022-30
26%
CAGR 2022-30
36%
CAGR 2022-30
50%
DC Low Power DC High Power
AC

13. Confidential. ©Power Technology Research 2023.
APAC EV Chargers Market
Trends

14. Confidential. ©Power Technology Research 2023.
APAC region accounts for a significant share in the global EVSE market primarily because of China and South Korea spearheading the growth
Regional EVSE Market - APAC
0
2,000
4,000
6,000
8,000
2022 2025 2028
Revenue
(M
USD)
Private EVSE (Revenue)
AC DC Low Power DC High Power
0
500
1,000
1,500
2,000
2,500
2022 2025 2028
Revenue
(M
USD)
Public EVSE (Revenue)
AC DC Low Power DC High Power
13%
69%
18%
Public EVSE Application Split - 2022
Residential
Workplace
Destination
En-Route
75%
25%
Private EVSE Application Split - 2022
Residential
Workplace
Destination
En-Route

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China right now dominates the APAC EVSE market, however by 2030, other APAC countries will increase their market share
EVSE Country Markets - APAC
China
South Korea
Japan
Australia
India
Rest of APAC
Sales : 2.4M
Charging Points Annual Market - 2022 Charging Points Annual Market - 2030
China
Japan
South Korea
India
Australia
Rest of APAC
Sales : 8.6M

16. Confidential. ©Power Technology Research 2023.
EVSE Policies and Incentives

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EV charging market is currently an incentive driven market
China
• China has"14th Five-Year
Plan” for every province that
promote the electrification of
public and private vehicles.
• New Energy Automobile
Industry Development Plan
(2021-2035): This policy aims
at vigorously promoting the
construction of charging and
improve the service level of
charging infrastructure.
USA
• Bipartisan Infrastructure Law ($7.5 B)
• EVSE rebates, incentives and investment
plans at state level and from regional
utilities.
India
• The Government of India has been
supporting the EV industry through
schemes such as FAME1 and FAME2
with a major focus on charging
infrastructure with INR 10 Billion
has been allocated for the charging
infrastructure.
France
• $ 113 million funding for fast-
charging stations.
• The ADVENIR Program
• Tax exemptions & reductions
for residential, workplace and
public chargers.
Germany
• Govt. approved to spend 6.3
billion euros in next three years
to scale up EV charging stations
• The Deutschlandnetz was
approved by EU commission to
subsidize 8500 HPC stations by
spending 1.8 billion euros
Italy:
Subsidies for the purchase
and installation of EV
chargers
United Kingdom
• £1.9 billion in charging infrastructure
and consumer incentives
Undeveloped markets
Emerging markets
Leading markets
Canada:
• $680 million ‘ZEVIP’ funding up
to 50% of EVSE project costs.
• Provincial EVSE rebates,
incentives and investment plans.
Australia
The Future Fuels Fund is a $71.9
million cash pile announced in
the 2020-21 federal budget,
Recently, The Federal
Government has announced a
further $178 million for the
Future Fuels Fund.
Global EVSE Policies & Incentives
EU Green Deal
• Installing high-power charging
stations every 60 km on highways.
• Directive for new buildings to have
chargers installed.
Japan
All new cars sold in Japan will be clean
energy vehicles by 2035, according to the
government of Japan (GOJ).
South Korea
BEV will be subsidized
by the state
government with 8
million won (approx.
6,600 dollars.

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Competitive Landscape

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Consolidation 360-degree service
• EVSE start ups and small companies are acquired
by energy utilities, large manufacturers and oil
giants to strengthen their business
• Smaller companies, specially maintaining public
charging networks are not able to sustain
because of low utilization of chargers and cost
associated
• Companies providing E-Mobility service are
moving towards providing a 360-degree
service. They manufacture chargers, manage and
operate charging stations, design management
software and function as an electric mobility
service provider as well. Below are some
examples:
• Eaton has acquired green motion which
provides all the above services
• ABB has partnered with ChargeLab which
will allow them to offer integrated
hardware and software services
• ABB is also planning to carve out its EV
charging business into a separate legal
entity
• Chargepoint acquired Austrian e-Mobility
software provider has.to.be to accelerate
e-mobility developments across Europe.
Competitive Landscape (1/2)
Evolving business models; M&As slowly moving E-mobility market towards consolidation

20. Confidential. ©Power Technology Research 2023.
Companies going public Globalization
• To meet the huge market need of chargers, sizable
investments are required, hence private EVSE
companies are going public through the route of
“Initial Public Offering” IPO or through merger
with Special Purpose Acquisition Company (SPAC)
deals.
• In E-Mobility spectrum, SPAC deal has shown to
be preferred over IPO route by OEMs for going
public. This is because companies then get
imposed with less regulations of the Securities &
Exchange Commission (SEC) as well as time
frame required is less.
• Chargepoint, Wallbox, and Tritium are the
companies that have opted for the SPAC route to
go public while ABB and some small companies
intend to go public via the IPO route. FASTNED
and Blink charging have already gone public in
2014 and 2018, respectively, through IPO.
• EVSE OEMs are making strategic international
expansion plans to scale their footprint to a
global level and provide their companies a
significant infrastructure share in new regions.
• This expansion is being done through new
partnerships, mergers and acquisitions and
allows the companies to capitalize on new
markets immediately and provides opportunities
to strategically increase their global assets
• ABB acquired a majority stake in the
Chinese EVSE OEM, Chargedot and Indian
EV charging digital platform provider,
Numocity.
• Multiple Chinese companies including Star
Charge, Atess Power Technology and En+
have started acting as a supplier to various
European and Americas EVSE OEMs.
• U.S based CPO, Blink Charging recently
acquired European EV charging operator
Blue Corner which immediately added
7,000 charging points in Western Europe
to their network.
Competitive Landscape (2/2)
EVSE companies going public, entering new markets and expanding their product portfolio

21. Confidential. ©Power Technology Research 2023.
Analysis of EV & EV Chargers market around the globe
EVSE Market Sizing- 28 Countries, 5 Regions
 Installed and Annual Market forecast in Capacity, Application and
Owner’s views from 2020-2030 (Units, Revenue)
 Public Policies and Plans
 Charger Pricing
 Incentives and Grants
 Market Shares, Top Suppliers
 Presentation of data in PowerBI platform
EVSE Software Service Market Sizing
EVSE Market Competitive Analysis Report
PTR Sonar EVSE
 Installed and Annual Market forecast from 2020-2030 (Units,
Revenue)
 Mergers & Acquisitions (M&A)
 Company Profiles of 15 leading EVSE OEMs
 Weekly updates on key market happenings
 Proprietary desktop/mobile app
PTR’s EVSE Market Research

22. Confidential. ©Power Technology Research 2023.
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