A Comparative analysis of EV Readiness in the US and Europe

The readiness of regions to support the electrification transition plays a pivotal role in determining the success of EV adoption. We delve into the findings of the EV Index, a comprehensive assessment conducted by HERE and SBD, which compares EV readiness in the United States and Europe. This index sheds light on crucial metrics, including charging infrastructure availability, power capacity, EV fleet share, and charger occupancy rates, offering insights into the progress made since 2020.

Published

September 2023

Industry

EV Charging

The HERE-SBD Automotive EV Index considers multiple factors in evaluating the readiness of regions for EV adoption. These factors include the density of public EV chargers, power capacity, the ratio of EVs to internal combustion engine (ICE) vehicles, and the likelihood of finding unoccupied chargers. By weighing these metrics, the index provides valuable insights into the EV landscape.

Key Findings in the United States:

EV Market Share: As of 2022, the U.S. boasts an EV market share of just over 7%. To ensure efficient charging, it is ideal for the country to have eight to nine EVs per public charger. However, this ratio varies by state, considering factors like market maturity.
State-Level Variation: California, as a market leader, should aim for a ratio close to twelve EVs per charger. Conversely, states like North Dakota, with vast land areas and smaller EV fleets, should target closer to two EVs per charger. The National Electric Vehicle Infrastructure (NEVI) program plays a crucial role in ensuring all regions can support inter-state travel and commerce, thereby promoting nationwide electric mobility.

Key Findings in Europe:

Diverse Approaches: Europe showcases the diversity in how countries approach charging infrastructure. Countries like the Netherlands, with over a decade of strong government support, have a proliferation of AC charging stations. In contrast, smaller island nations like Malta have fewer DC chargers due to their limited need for extensive charging infrastructure.
EU Commission’s Initiatives: The European Commission’s infrastructure targets (AFIR) focus on enhancing travel between EU countries. This means that corridors through countries with lower EV market penetration, such as Bulgaria, will see a higher density of chargers relative to registered EVs.

Source: The EV Index | HERE & SBD