According to a new report S&P . Global Mobile Research.
Even taking into account home charging, which is how most EV drivers currently charge most of the time, according to the study, the US public charging network would need to quadruple the size from 2022 to 2025 and more than eightfold by 2030.
The study estimates that there are currently about 126,500 Tier 2 AC chargers and 20,431 DC fast chargers in the United States, plus 16,822 Tesla Superchargers and that automaker-specific target charger. According to S&P estimates, the number of chargers has increased more in 2022 than the previous three years combined, with the US adding about 54,000 Tier 2 chargers and 10,000 DC fast chargers.
2023 Cadillac Lyriq at the EVgo DC fast charging station.
However, company analysts argue that growth is not happening fast enough. S&P predicts its share of the new electric vehicle market will grow from 5.2 percent in the first 10 months of 2022 to 40 percent by 2030, with the number of EVs on U.S. roads growing from 1.9 million today to seven. 0.8 million in 2025 and 28.3 million in 2030. For reference, the study estimates there are 281 million vehicles of all types on the roads of the United States today.
Based on those projections, the US will need 700,000 Tier 2 and 70,000 DC fast chargers by 2025, 1.2 million Tier 2 and 109,000 DC fast chargers by 2027, and 2.1 million chargers Level 2 and 172,000 DC fast chargers by 2030, according to research.
Hertz and BP Pulse partners in electric vehicles and charging
That’s beyond home chargers, some of which could turn into more powerful DC wallbox units in the coming years, bridging the gap between AC chargers and still-faster public DC fast chargers, according to the report. S&P.
Efforts to speed up the expansion of the public charging network are already underway. One federal EV charging network of the 500,000 chargers are starting to take shape, while California has calculated that they need 1.2 million EV chargers by 2030 to support its emissions reduction targets. The state’s plan to achieve that goal will essentially double its number of chargers in 2026 and that doesn’t include nationally funded chargers or any private chargers.
Outside of the US, an example of a really big Level 2 charger building is what’s planned for Seoul—over 200,000 new chargers in 2026. In many cities, the United States could benefit from something of this magnitude.
