Electric Vehicle Charging Station

Electric Vehicle Charging Station (EVCS) is the infrastructure that provides the crucial link between an Electric Vehicle (EV) with a depleted battery and the electrical source that recharges those batteries in EV Charging Station. The key functionality of an EV Charging Station is to supply electric energy to charge electric vehicles. Electric Vehicle (EV) Charging Station is also known as an electric recharging point or charging point.

Top EV Charging Companies:

  1. Tesla
  2. ChargePoint
  3. BYD
  4. ABB
  5. Shell
  6. BP PLC
  7. Engie
  8. Yazaki
  9. Blink Charging
  10. SemaConnect

Market Overview

The function of EV charging companies is to supply electric energy to charge electric vehicles. Various components and parts such as EV connectors, electronic modules, charge couplers, and controllers from EV charging companies. These stations are installed in municipal parking locations by the best EV charging companies (vendors) or at retail shopping centers by private companies.The global electric vehicle charging station market is projected to grow from $ 3,999 Mn in 2020 to $ 49,345 Mn by 2027 at a CAGR of 43.2%. Increasing pollution and the threat of global warming have accentuated the need to replace petroleum fuel vehicles with emission-free substitutes. After decades of R&D, the industry has found electricity to be the best suitable substitute for traditionally fueled vehicles, resulting in the market's growth. Moreover, to reduce crude oil consumption, automotive emissions, and air pollution, governments worldwide have adopted and implemented favorable policies that promote the use of electric vehicles. The increasing demand for electric cars is expected to fuel the growth of the EV Charging Companies and related components.

COMPETITIVE LEADERSHIP MAPPING TERMINOLOGY

The competitive leadership mapping section provides information regarding top EV charging companies offering the EV charging station and outlines the findings and analysis as well as rates them accordingly based on vendor performance within each evaluation criteria. The evaluation criteria are based on 2 broad categories, namely, Product Maturity and Company Maturity on which top EV charging companies are rated. Each category encompasses various parameters on the basis of which top EV charging companies are evaluated.

VISIONARY LEADERS

Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.

Best EV charging companies - Visionary leaders

  1. Tesla- Tesla designs, develops, manufactures, and sells high-performance fully electric vehicles and energy generation and storage systems. The company installs and maintains energy systems and sells solar electricity. The company offers high power EV supercharger with high DC power output of 480 Volt.
  2. BYD- BYD energy storage systems can be an ideal fit for several needs based on their flexible and modular design. BYD offers EVSE solutions through two categories, namely Electric Commercial Vehicle and Energy Storage.
  3. ChargePoint- ChargePoint, Inc. operates as an open best electric vehicle charging station network. It provides cloud-based service plans as annual subscriptions for providing tools, data, payment processing, and driver support.
  4. Shell- Shell offers a wide range of EV charging station ranging from home charging, business/destination charging, and public charging through its NewMotion range of products and Greenlot range of services.
  5. ABB- ABB fully supports business operation with Dynamic DC power-sharing to enhance the use of charging assets, on-site energy management to promote future growth.

DYNAMIC DIFFERENTIATORS

Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.

Top EV Charging Companies - Dynamic Differentiators

  1. BP PLC- BP allows its charging stations to be integrated into the Polar charging network of over 7,000 points across the United Kingdom. Operators can make use of ChargeVision to monitor usage with their refined on-line reportage system.
  2. Webasto- Webasto's charging solutions assist users to create the correct alternative for an environmentally friendly method of mobility. With their superior EV charging station, skilled installation, and comprehensive services, they have got the correct charging answer for your e-mobility.
  3. EFACEC- Efacec is considered a global leader in the fast-charging infrastructure market in EV charging Companies. Efacec is the largest Portuguese company in the area of energy, engineering, and mobility.
  4. Yazaki- Yazaki offers both AC and DC charging connectors, which enhance the charging operation of hybrid and electric vehicles. Yazaki Corporation is also engaged in the production of air-conditioning equipment, solar equipment, electric wires and cables, and gas equipment.

INNOVATORS

Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.

Top EV Charging Companies - Innovators

  1. SemaConnect- SemaConnect's electric vehicle charging station is for one driver in a dedicated automobile parking space and it can be accessed through monthly requests. Drivers can charge their vehicles at their appointed spots.
  2. DBT- DBT offers a whole service range to its customers with their complimentary services for your EV charging station, such as maintenance contract, warranty extension, dedicated technical help, and second life product.
  3. Siemens- Siemens is a German engineering conglomerate focused on core business activities in the fields of energy, healthcare, industry, and infrastructure. Siemen’s energy management division offers a wide spectrum of software, products, systems, solutions, and services for transmitting, distributing, and managing electrical power and for providing intelligent power infrastructure.

EMERGING COMPANIES

Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.

Top EV Charging Companies - Emerging Companies

  1. EVGO- EVgo, acquired by LS Power is known to be the "first mover and learner" in the infrastructure design program. EVGO tends to work with utilities, government agencies, automakers, site hosts, fleets, and alternative stakeholders to accelerate transportation electrification.
  2. SE- Schneider Electric provides connected EV charging station, which are ideal for semi-public parking facilities, corporate EV fleets, and apartment complexes. In the EV charging segment, the smart wallbox charging station has advanced features such as user authentication, billing and report generation, and remote maintenance.

Products in the Best EV Charging Companies Market

Electric vehicles have witnessed rapid evolution with the ongoing developments in charging infrastructure and technology. Technological advancements in the electric vehicle charging station and enhanced range of distance covered by electric vehicles are some of the major factors driving the growth of the top EV charging companies market. In addition, the increasing sensitivity of various governments towards a cleaner environment has increased the demand for zero-emission vehicles. The future is considered to be the age of mobility with more than two million people expected to change their internal combustion vehicle with an environment friendly electric car.

Market Dynamics

Drivers

Rising EV Sales Worldwide

An increase in the adoption and use of electric vehicles has accentuated the need to develop EV charging station infrastructure. Leading markets for electric vehicles such as China, the US, and Germany are investing significantly in EV charging providers station infrastructure along with research & development for faster and more efficient charging methods. Automakers are projected to make significant expenditures to meet the growing demand for electric vehicles and play a key role in the market's evolution.

Government policies and subsidies

The rising demand for EV’s in various parts of the world is expected to increase the demand for the best electric vehicle charging station and hence EV charging companies. Various governments are funding the development of charging station infrastructure, as well as subsidizing EV charging station infrastructure. Several governments are providing various kinds of incentives such as low or zero registration fees and exemptions from import taxes, purchase taxes, and road taxes.

Environmental pollution treated as an alarming issue

The emission of carbon from ICE vehicles is now treated as a significant threat by governments of various countries. Several countries have partnered with private companies to achieve the sustainable development of EV charging station infrastructure. Various countries' governments are collaborating with commercial enterprises to develop charging infrastructure.

Restraints

Lack of infrastructure standardization in EV Charging Service Providers 

Governments need to standardize EV charging station infrastructure for the development of a favorable ecosystem and an increase in the sales of EVs. Distinct countries have different quick charging standards. The absence of standardisation among countries may have an influence on EV charging station installation and stifle market expansion.

Primitive power grid infrastructure - EV Charging Companies

The number of longer range electric vehicles is increasing, leading to the demand for charge management solutions. Fast charging can greatly speed up recharging times, but it's also important to be able to deal with issues in local grid infrastructure and vehicle-connected charge equipment. The increasing number of electric vehicles in the market are expected to increase the load on power grids in various countries.

Opportunities

Use of V2G EV charging station for electric vehicles

The V2G technology enables EVs to store unused power and discharge it to the grid. This can improve the electrical component’s performance and add value for EV owners. The introduction of this concept has eased the best EV charging providers station operations and made them the most preferred mode of transportation. Thus, the entire electric vehicle charging station market plays a vital role in the connection of the grid to the electric vehicle to enable charging of the vehicle.

Challenges

Stringent rules for the installation of  Electric Vehicle Charging Station

Governments of different countries have implemented stringent rules that govern the installation of an EV charging station. Service providers are required to follow a certain set of instructions while installing EV charging stations. They require approval from plot owners when the installation is on private property, local governments in terms of regulatory mandates, and utility providers for energy transfer.

360 Quadrants Research Methodology

360 Quadrants assessed some of the top EV charging companies. These vendors were evaluated based on more than 70 specifically selected parameters, which were finalized based on the product and business strategies of the software provider, and the data received from the buyers as well as industry experts. All these parameters were assigned a specific weightage, post which top EV charging companies were measured. This study also helps the analysts calculate the total score based on which best ev charging companies were ranked and positioned on 360Quadrants.

Best EV Charging Companies

Comparing 22 vendors in Electric Vehicle Charging Station across 101 criteria.

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Comparing 16 vendors in Electric Vehicle Charging Station across 101 criteria.

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Tesla is one of the top EV charging companies. It designs, develop, manufactures, and sells high-performance fully electric vehicles and energy generation and storage systems. The company installs and maintains energy systems and sells solar electricity. The company offers high power EV supercharger with high DC power output of 480 Volt. While the company has a presence in almost every part of the world, the major part of the revenue is generated from the US. In addition to EVs, the company specializes in batteries, power electronics, integrated systems, and energy storage products.
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ChargePoint, Inc. operates as an open electric vehicle charging station network. It is listed as one of the top EV charging companies. It provides cloud-based service plans as annual subscriptions for providing tools, data, payment processing, and driver support. CT4000 electric vehicle battery charger developed by Chargepoint is the right fit for all types of customers e.g. businesses, municipalities, and individuals. This EVSE (Electric Vehicle Supply Equipment) charges at a maximum rate of 25RPH and provides a full charge to some vehicles in less than 4 hours. It is an interactive system that provides instructions in multiple languages viz English, French and Spanish and has capacitive buttons that work in all weather conditions.
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3.6
Greenlots, acquired by Shell provides electric vehicle charging station solutions to utilities, city planners, automakers, and enterprises. The company’s EV charging companies station network, turnkey EV charging solutions, and grid management services provide users with the power to organize, work and assimilate smart charging infrastructure at scale. The company has developed a mobile app that enables EV drivers to find the nearby charger, check their charging status, and make payments all from their smartphone. Greenlots cloud-based platform provides property holders with real-time control and visibility into their EV chargers. Post acquisition of Greenlots, Shell is listed as one of the top EV charging companies.
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3.5
Engie is a French multinational utility company that operates in the fields of electricity generation and distribution, natural gas, nuclear, renewable energy, and petroleum. The company operates through nine segments in regions such as Europe, Latin America, Asia, North America, and others. The company offers EV charging solutions under energy services. It offers end-to-end service provision, from initial consultation and planning through to design, installation, and ongoing infrastructure maintenance and management. The Group has a strong presence at every link in the energy value chain, from low-carbon generation to the provision of energy-efficient solutions for all its customers. Due to its global presence and advanced charging station, Engie is listed as one of the top electric vehicle charging companies.
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3.5
ABB operates in businesses such as electrification products, discrete motion, and automation, process automation, and power grids. The company offers a wide range of solutions for industries such as marine, power generation, automotive, and railways. The electrification products segment includes modular substation packages, distribution automation products, switchgear, circuit breakers, measuring and sensing devices, control products, solar power solutions, EV charging infrastructure, wiring accessories, and enclosures and cabling systems, including KNX systems (the recognized global standard for home and building control) and data communication networks. ABB is one of the leading EV charging companies.
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3.1
BYD is one of the few EV charging companies that specialize in the manufacturing of commercial electric vehicles. The company operates in three core business segments: Automobiles, Handset, and Assembly Services, and Rechargeable Battery and Photovoltaic. BYD focuses on the manufacture, design, and assembly of a wide range of products. BYD provides electric vehicles, EV batteries, as well as charging solutions for EV users. It offers battery electric vehicle (BEV) models such as e5, e6, eBus, etc., and plug-in hybrid electric vehicles (PHEV) models such as Qin and Tang. The company provides electric vehicles in passenger as well as commercial vehicle segments.
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Blink Charging is a US-based company that provides electric vehicle charging station and services for EV. Blink Charging is considered the largest top EV charging companies and solution provider and operator in the US. The Blink network currently links more than 15,000 charging stations all over the US providing Electric Vehicle users the capacity to charge their electric cars wherever they live, work, and play. As a Blink host site, the users are not required to purchase any equipment but instead, they can opt to become a partner to be an a top EV charging station companies provider. A host Blink partnership delivers flexible business models.
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The SemaConnect Management System is intended to make your charging station cables clean and arranged. Additionally, to make the property organized, electrical vehicle drivers may just simply extend the cable to the length needed for their vehicle’s charge port. With its advanced features and strategies, SemaConnect is considered as one of the top EV charging companies.
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2.6
Efacec is considered a global leader in the fast-charging infrastructure market for electric vehicles and is one of the top EV charging companies. Efacec is the largest Portuguese company in the area of energy, engineering, and mobility. The company has eight business units - Transformers, Energy, Switchgear, Automation, Environment and Industry, Transport, Service, and Electric Mobility. The company offers a full range of charging solutions to charge electric cars, motorcycles, and buses with integration in management systems for efficient use of electric grid infrastructure. EFACEC’s solutions include Private Charging, Public Charging, Quick Charging, Ultra-Fast Charging, and Wireless Charging.
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2.5
Webasto is globally recognized for its innovative solutions in the automotive industry. The company has been serving the international automotive industry for more than 75 years and has secured its position as Germany’s top 15 automotive suppliers. Webasto has also ventured into innovative charging solutions for EVs. The company provides environmentally-friendly charging and mobility solutions. The company offers high-quality charging stations, professional installation, complete services, and digital networking solutions. The company also provides battery solutions that have been designed for total scalability and configuration flexibility. Each battery package has 35 kWh of energy and up to 10 packs can be used for a combined 350 kWh. The company is listed as one of the top EV charging companies.
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2.4
Yazaki is a privately held company involved in the manufacturing and development of a wide range of automotive components. The company offers electronic products, EV connectors, wire harnesses, and meters to the automotive industry. Yazaki Corporation is also engaged in the production of air-conditioning equipment, solar equipment, electric wires and cables, and gas equipment. In addition, the company is involved in several other businesses such as paper recycling, glass recycling, food recycling, agribusiness, nursing care, and food. Yazaki is one of the leading best EV charging companies.
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2.4
Siemens is a German engineering conglomerate focused on core business activities in the fields of energy, healthcare, industry, and infrastructure. Siemens energy management division offers a wide spectrum of software, products, systems, solutions, and services for transmitting, distributing, and managing electrical power and for providing intelligent power infrastructure. In the EV charging segment, the company offers a wall box and fast charging infrastructure. The fast charging technology can charge 3 EVs simultaneously, with a voltage range of 200 V to 920 V. It also offers innovative charging infrastructure for eBus charging which comprises fast-charging solutions from 150 kW to 600 kW charging power as off-board charging solution as well as 60 kW to 120 kW as onboard charging solution for opportunity charging on the route. Siemens is one of the top EV charging companies.
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2.1
DBT keeps innovating to supply charging solutions following the evolution of the electric vehicle market and therefore the technology developments. DBT understand the importance of EV charging station in the long run. It will use varied immoderate charging technologies such as a flywheel, wireless induction charging, solar panels, etc. Combined with sensible and rational use of electrical grids to fulfill the requirement and surpass expectations of a personal and collective transport transformed to e-mobility. DBT is one of the top EV charging companies.
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1.9
BP is listed as one of the top EV charging companies. Its sleek and trendy free-standing charging posts provide you with the pliability to position them precisely wherever they’re required. Comes with 2 ‘Type two sockets’, which helps in charging 2 vehicles quickly at the same time. BP allows you to choose from 3.6kW & 7kW (single-phase) or 11kW & 22kW (3 phase) charging capability per socket for quicker charging. Offering full management over access with RFID card or key operation
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1.8
SE is well known in the market as one of the EV charging companies. Schneider Electric specializes in providing energy management and automation solutions. The company operates through 4 business segments: building, industry, infrastructure, and IT. It is a global leader for products in a variety of technologies including building automation, industrial automation, energy distribution, low voltage products, and energy storage systems. The company offers EV charging systems under the electric vehicle charging segment. The company’s product portfolio includes fast chargers and wallbox chargers for residential and outdoor applications.
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1.8
EVgo, acquired by LS Power is known to be the "first mover and learner" in the infrastructure design program. EVGO tends to work with utilities, government agencies, automakers, site hosts, fleets, and alternative stakeholders to accelerate transportation electrification. With more than 50kW+ locations for quick charging networks within the U.S., you may partner with the nation's leading specialists. Enhancing the feasibility of your operations and facilitating meeting the environmental, social, and company governance goals. EVGO is listed as one of the leading electric vehicle charging companies.
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Bosch provides the aftermarket and workshops worldwide with a complete range of diagnostic and repair shop equipment and a wide range of spare parts for passenger cars and commercial vehicles. Series EV2000 designed by Bosch is a powerful charger for electric vehicles that helps customers to charge their electric vehicles in less than 45 minutes by supporting power directly to an electric vehicle’s battery. This Electric Vehicle Solution equipment (EVSE) charges up to 4 times faster than level 2, and this is a 25kW DC fast charger with wall-mount options. This EVSE is very compatible using the SAE J1772 Combo connector, and its single-phase power input and 165A circuit reduce complexity and cost of installation. Bosch is listed as one of the EV charging companies in market.
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Eaton is a diversified power management company providing energy-efficient solutions. xChargeIn is an electric vehicle charging station offered by Eaton which has various series such as A, X, M, and S, that can be configured and scaled as required and meet the requirements of both commercial and private users. This EVSE allows the power supply of charging stations to be easily authorized and blocked using an RFID master card. It has a slim design with a power output of up to 22kW. Eaton is a provider of charging station and is listed as one of the EV charging companies.
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Mitsubishi Electric operates through 6 major business segments, namely, Energy and Electric Systems, Industrial Automation Systems, Information and Communication Systems, Electronic Devices, Home Appliances, and Others. Under the Industrial Automation Systems sub-domain of automotive equipment, the company offers smart mobility solutions such as electrified powertrain systems with high-efficiency inverters and motors. The company has a strong presence in major markets such as Japan, Asia, Europe, and North America. The company is one of the top EV charging companies.
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Phihong designs and produces electronics OEMs in the telecom, datacom, personal electronics, and industrial markets. The AC32A electric vehicle provided by Phihong is a perfect option for the residential, parking lot, gas/service station, commercial fleet operators, EV infrastructure operators, and service providers. Hence, listed as one of the top EV charging companies.
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Tata Power is listed as one of the top EV charging companies in the market. End-to-end customized solutions offerings as per your requirement - Backend Power Infrastructure, EV Chargers of different charging standards, Charger Installation, Annual Maintenance, Charger Management Software Platform Subscription, and Mobile App.
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TE Connectivity designs and manufactures connectivity and sensor products for harsh environments in a variety of industries. TE Connectivity's Charging Inlet Type2 is an Electric Vehicle Solution Equipment (EVSE) with a simplified construction that helps users to assemble the inlet components quickly. It's integrated temperature sensors ensure a safe and reliable charging process. Charging Inlet Type 2 is a modular system that has interchangeable capabilities and also has no impact on vehicle bodies. This EVSE is suitable for hybrid and electric vehicle applications and has a smart assembly method that uses a small number of parts and also provides finger protection on power contacts. Hence TE is in the list of top electric vehicle charging companies.
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Frequently Asked Questions (FAQs)
Rapid Chargers - Rapid chargers are the quickest way to charge an EV. They are usually installed at highways or locations near the main routes. Rapid chargers include Rapid DC chargers, Ultra-Rapid DC, Tesla’s Supercharger, and Rapid AC. Fast Chargers - Fast chargers are characteristically rated at either 7 kW or 22 kW. Most of the fast chargers deliver AC charging, though some networks have been installing 25 kW DC chargers with CCS or CHAdeMO connectors. Slow Chargers - Most slow charging units have been rated at up to 3 kW with some lamp-post chargers being rated at 6 kW. Charging times differ based on the charging unit and the EV that is being charged.
Implementing an EV Charging station will help individuals and businesses: Reduction in carbon emissions Employee retention for businesses Retailers would be able to attract more customers Reduction in electricity consumption leads to energy saving Reduction or elimination in fuel expenses Flexible payment options Business advertising opportunities
A Clean Substitute - A battery electric vehicle (BEV) has lesser moving parts than a conventional vehicle. There’s no necessity for liquid fuels or oil changes. Most of the maintenance costs related to internal combustion engines are removed. Cost-Efficient - The total cost of owning an EV is comparatively lesser than the gas-fueled cars. Energy Independence- The electricity that powers an EV can come from many sources, which may comprise of low-emission sources like natural gas and zero-emission sources like wind, solar, hydro, and nuclear power. These allow EVs to radically decrease gaseous emissions. First Mover Advantages - The governments have made a variety of subsidies available for EV charging station installations at all stages to develop the primary infrastructure. This enables the early adopters to considerably decrease their investment costs by leveraging public funding.
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