Skip to main content

EV inductive charging set to gain traction

New analysis from Frost & Sullivan, Strategic Analysis of Inductive Charging for Global Electric Vehicles (EV) Market, finds that the total market for inductive charging is expected to experience a compound annual growth rate of 126.6 per cent from 2012 to 2020, with approximately 351,900 units likely to be sold. Inductive charging will account for 1.2 per cent of both public and residential charging in North America and more than 2.6 per cent in Europe. Residential charging will be the most popular method,
June 13, 2014 Read time: 2 mins
New analysis from 2097 Frost & Sullivan, Strategic Analysis of Inductive Charging for Global Electric Vehicles (EV) Market, finds that the total market for inductive charging is expected to experience a compound annual growth rate of 126.6 per cent from 2012 to 2020, with approximately 351,900 units likely to be sold. Inductive charging will account for 1.2 per cent of both public and residential charging in North America and more than 2.6 per cent in Europe. Residential charging will be the most popular method, accounting for more than 70 percent of the overall charging.

The market for inductive charging will grow the fastest in Europe, owing to a number of demonstration projects conducted by government bodies, OEMs, and charging station manufacturers.

"OEMs such as 2453 Renault, 838 Nissan, 2069 Daimler, 609 Volvo, 1731 BMW and 1686 Toyota are working on the development of inductive charging for future EVs, and more than 10 automakers have announced trial tests," said Frost & Sullivan Automotive and Transportation senior research analyst Prajyot Sathe. "As a result, inductive charging will soon be available in cars either as an additional feature or as an inbuilt feature."

Currently, inductive charging is offered as an aftermarket solution with attractive financing options. Yet, the cost of purchasing and installing an inductive charging solution is approximately 30 per cent higher than that of conductive charging. The time taken to charge is also longer, reducing the feasibility of what would otherwise be the most convenient way of charging EVs.

To overcome these challenges, market participants from across the value chain are partnering with OEMs to gain further opportunities for research and development. Large companies are acquiring smaller companies to strengthen their product portfolio.

"While in the short-term 3.3 kilowatts inductive charging will be widely accepted to enable residential and semi-public charging, with time, vehicles will tilt towards 6.6 kW to enable faster charging," noted Sathe. "Inductive charging in stationary applications too will be most sought after in the near-term, whereas dynamic or on-the-move charging will gain traction post-2020."

Related Content

  • June 27, 2013
    Urban Mobility 3.0 workshop: Companies must innovate
    More than 160 senior delegates from the automotive and transportation industry met last week to present, discuss and invent the future of mobility during Frost & Sullivan’s interactive workshop Urban Mobility 3.0: New Urban Mobility Business Models. The two-day event summarised the current and future developments in the industry and highlighted new and innovative mobility concepts. Frost & Sullivan Partner and Global Practice Director, Sarwant Singh, opened the debate at the House of Commons in London, com
  • October 19, 2015
    Motor insurance for autonomous vehicles ‘will shift from drivers to OEMs’
    Autonomous vehicles are likely to increase insurance claims related to product parameters rather than driver liability New analysis from Frost & Sullivan, Impact of Automated Vehicles on Motor Insurance Market, finds that motor insurers will move away from the driver-centric strategy to follow one or a combination of three models as automated vehicles become common: product-centric evaluation; brand-centric evaluation; system-centric evaluation.
  • April 17, 2012
    EV sales stalling in the UK
    The number of electric cars sold in the UK has fallen by over 50 per cent to just 215 in the first three months of the year despite Government incentives, according to figures from the RAC Foundation.Since 1 January, individuals and businesses have been able to claim a discount of up to £5,000 (US$8,193) on cars producing 75 g CO2/km or less under the Government’s Plug-In Car Grant scheme. A total of 680 cars have been purchased under the programme, taking the number of electric cars registered in the UK to
  • June 19, 2019
    London EV demand ‘rising’ since ULEZ intro, says Carwow
    Demand for electric vehicles (EVs) has increased 123% in London since the introduction of the Ultra Low Emission Zone (ULEZ), says Carwow. Using data from its website, the car-buying platform found that searches for EVs also increased 56% in the rest of the UK Enquiries for alternative fuel vehicles (AFV) increased 77% in the UK capital and 44% in the rest of the country. Carwow says there has been a 56% year on year increase in searches for hybrid vehicles since May 2018, with a further 92% incre