Electric vehicle demand is soaring despite the lack of public charging infrastructure. While demand remains strong, there is a clear need for increased investment in charging infrastructure. China is leading the deployment of charging infrastructure in absolute terms with around 1.15 million charging points by the end of 2021. The large jump in electric vehicle (EV) demand over the past three years has brought into focus the growing importance of charging stations in key countries. Rystad Energy research shows that– at present – public charging infrastructure is not a limiting factor to the fast adoption of EVs, especially in nascent markets. In countries such as Germany, France, and Netherlands, there is no direct correlation between the growth of charging infrastructure and the number of EVs sold. Of far more significance to consumers are issues such as high fuel prices for combustion engines or high sticker prices for EVs. Rystad […]