- The market for electric vehicles (EVs) has entered a phase of fast growth, boosted by global challenges like CO2 reduction and energy saving.
- Charging infrastructure is the backbone of e-mobility, and the world is going to need a lot more of it in the near future.
- The total EV DC charger market value will reach $17.9 billion by 2028, and the power device market value for DC chargers will reach $610 million by 2028 *.
- The share of power modules (IGBT and SiC) will increase rapidly in the coming years from 13% in 2021 to 39% in 2028 with a value of $241 million *.
- At the end of 2023, there were 3.9 million public charging points worldwide**, more than 1.2 million of which were installed in 2023, about a 44% increase on 2022 stock. The projection to 2030 is 15 million public charging points worldwide.
- However, climate-friendly mobility is not limited to passenger cars. Heavy-duty vehicles as well as industrial vehicles have to be taken into consideration.
- Vincotech, with more than 25 years’ experience in power modules, offers a comprehensive product portfolio to cover all conversion stages and power ranges, from as little as 5kW up to megawatt (MCS) in a DC fast charger system architecture.
- Vincotech power modules are well established in many DC Charger applications from EV Charger key players.
The future is electric. Vincotech figures prominently in that future with our power modules for fast, efficient charging.
* Yole Group, DC Charging for Automotive 2023 Report
** IEA, Global EV Outlook 2024