The data shows that the number of public charging piles in China will reach 2.617 million in 2021, a year-on-year increase of 224.3%, serving nearly 8 million new energy vehicles. In order to meet the safe charging needs of electric vehicles, the state clearly stated that by the end of the “14th Five-Year Plan”, China’s charging infrastructure system can meet the charging needs of more than 20 million electric vehicles, and the number of charging piles is expected to reach 6.543 million in 2025. As of 2021, the number of new energy vehicles in China will reach 7.84 million, a year-on-year increase of 59.3%.
The number of public charging piles in China will reach 2.617 million in 2021, and the number of charging piles will reach 6.543 million in 2025
In 2021, the number of public charging piles in China will reach 2.617 million, a year-on-year increase of 224.3%, serving nearly 8 million new energy vehicles. With the large-scale popularization of new energy vehicles and strong policy support, the scale of China’s charging pile industry has grown rapidly. In order to meet the safe charging needs of electric vehicles, the state clearly stated that by the end of the “14th Five-Year Plan”, China’s charging infrastructure system can meet the charging needs of more than 20 million electric vehicles, and the number of charging piles is expected to reach 6.543 million in 2025.
It is estimated that the number of new energy vehicles in China will reach 26.72 million in 2025, and traditional fuel vehicle companies will accelerate the deployment of new energy products
As of 2021, the number of new energy vehicles in China will reach 7.84 million, a year-on-year increase of 59.3%. It is estimated that by 2025, the number of new energy vehicles in China will reach 26.72 million, and pure electric vehicles will reach 23.24 million. The General Office of the State Council issued the “New Energy Vehicle Industry Development Plan (2021-2035)”, which proposed to adhere to the strategic orientation of pure electric drive. In 2025, pure electric vehicles will become the mainstream products of newly sold vehicles. Promote traditional car companies to accelerate the deployment of new energy products.
China’s charging piles are developing towards high-power fast charging and diversified profit models
High-power fast charging has become the mainstream trend of consumer demand, which will promote the further development of fast charging technology and the scale construction of enterprises. The current sources of income for charging pile operators are still electricity prices and charging service fees, which are basically equal in and out. With the further marketization of the charging pile industry, the charging profit model is expected to be more abundant. For example, the big data platform charging pile APP provides data information services for enterprises such as automobiles and travel services, and improves the quality of user travel services and operating income.
China’s new energy vehicles drive the development of charging pile industry: sales volume
Affected by the government’s new energy subsidy policy, the sales of new energy vehicles in China increased significantly from 2015 to 2018, and pure electric vehicles accounted for a major share of the new energy vehicle market. In 2021, a total of 3.521 million new energy vehicles will be sold in China, an increase of 157.5% compared with the same period last year, and sales of pure electric vehicles will increase by 160.9% year-on-year. It is estimated that the sales of new energy companies will continue to rise at a compound growth rate of 11.2% from 2021 to 2025, and the sales of new energy vehicles will reach 5.5 million in 2025.
Downstream Analysis of China’s Charging Pile Industry: Vehicle-Pile Ratio
By the end of 2021, the ratio of China’s new energy vehicles to public charging piles will be 6.8:1, and the ratio of private charging piles will be close to 3.7:1. iiMedia Consulting analysts believe that according to the charging infrastructure development plan proposed by the National Development and Reform Commission, the ratio of charging piles should reach 1:1 by 2020. At present, the popularity of new energy vehicles in China is still relatively low, but the market has huge room for development. The construction space is also larger. Therefore, the vigorous development of the charging pile market can increase the coverage of charging piles, improve the convenience of charging services, and further increase the popularity of new energy vehicles.
