Market Insights #29

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Record: Europe surpasses 900,000 public charging points

Europe has surpassed 900,000 public EV charge points, reflecting a rapid 55.4% year-over-year growth from 2021 to 2024, yet still falls short of the 8.8 million needed by 2030. The charging infrastructure is heavily concentrated in a few countries like the Netherlands, Germany, and France, with uneven distribution across the rest of Europe. Despite strong growth in key regions, significant investment and expansion are still required to meet future demand for electric vehicles.

Source: Mobility Portal Europe

Gireve’s view:?This is a remarkable achievement that not only highlights the focus on vehicle electrification in Europe but also reflects the growing demand for electric cars. However, despite the positive growth in charging infrastructure, Europe must continue to invest in charging networks to meet its ambitious goals.

One of the key challenges Europe faces is achieving the projections set by organizations like ACEA (European Automobile Manufacturers' Association), which estimates that the continent will need 8.8 million charging points by 2030. Continuous investment is critical to reaching this target.

Another major challenge is the uneven distribution of public charging points across European countries. Currently, most charging points are concentrated in a few nations, indicating market maturity in some areas but also highlighting the need for strategic investments in others.

In addition to these market-driven challenges, government agencies have a crucial role in streamlining regulations to support the deployment of charging points across Europe.

ULTRA-FAST CHARGING

• Nima Energy is expanding its ultra-fast charging network in Stockholm with new stations on Ringv?gen, Valhallav?gen, and Gustavslundsv?gen, aiming to become a leading CPO in Northern Europe.

Source: Mobility Portal Europe

EV POLICIES

• Switzerland extended its Electromobility Roadmap to 2030, expanding it to include trucks and public transport to reduce emissions. New goals for 2026-2030 will focus on charging infrastructure and collaborative efforts across sectors.

Source?:?European Alternative Fuels Observatory

• The UK government has restored its original plan to ban the sale of new internal combustion engine cars by 2030, reversing the previous delay to 2035. Further details will be provided, but it remains unclear if this also applies to vans or hybrids.

Source?: Electrive

OEM STRATEGIES

Finally, we chose two recent news on OEM announcements regarding EV targets. They illustrate a trend, with?some car manufacturers pressing the European Union to delay its 2025 emissions targets. We believe, as stated by ChargeUp Europe,?that policy predictability is key, and many OEMs have taken action to meet the deadline. Read ChargeUp Europe's statement on policy predictability.

• Volvo Cars has dropped its 2030 all-electric target, opting to include mild hybrids in its lineup, and adjusted its CO2 reduction goals to a 65-75% cut by 2030.

Source?: MOVEMNT

• Toyota Motor Corporation has cut its 2026 EV production target by 30%, from 1.5 million to 1 million units, due to slowing global EV adoption. For 2025, the goal is now 400,000 units, while the 3.5 million target for 2030 remains a benchmark.

Source?: MOVEMENT