According to the latest data released by the China Energy Administration, 1.3 million charging piles were added nationwide from January to June, 3.8 times that of the same period last year. The agency predicts that the current penetration rate of new energy vehicles is increasing faster than expected, and the market size of charging piles will accelerate in the future.
In recent years, the sales and ownership of electric vehicles in China have grown rapidly, the demand for charging has continued to increase, and the new energy charging pile market has developed rapidly. According to the data of the China Automobile Association, the production and sales of new energy vehicles in the first half of the year were 2.661 million and 2.6 million, an increase of 1.2 times year-on-year, and the market penetration rate increased to 21.6%. It is estimated that the sales volume of new energy vehicles this year is expected to reach 5.5 million units, a year-on-year increase of more than 56%.
As an important basis for promoting the sustainable development of new energy vehicles, electric vehicle charging piles are one of the key directions of new urban infrastructure construction in China. Recently, the Ministry of Housing and Urban-Rural Development and the National Development and Reform Commission jointly issued the “14th Five-Year Plan” for the national urban infrastructure construction. The plan proposes to develop new energy vehicle charging and replacing infrastructure information services, and improve the information interconnection network for charging and replacing, gas filling, and hydrogenation infrastructure. In addition, Beijing, Chongqing, Hainan, Guangdong and other places have also released relevant plans for the construction of charging infrastructure.
While accelerating development, there is still a large market gap in the charging pile market. According to the report of the research institute, the current vehicle-to-pile ratio is still at a relatively high level. In 2021, the public vehicle-to-pile ratio and the private car-to-pile ratio will be 7.13 and 5.17, respectively. In the future, as the penetration rate of new energy vehicles continues to increase, it will force the accelerated construction and improvement of related infrastructure, and the charging pile industry will further develop and expand, with broad market prospects. Capital Securities also analyzed that with the substantial increase in the production and sales of new energy vehicles and the rapid advancement of the construction of supporting charging infrastructure, the demand for charging piles will increase significantly, and the construction of charging piles will usher in a new round of waves.
