According to a new report, which features a claimed first analysis of its kind of EV charging economics, the enhanced integration of EV charging in a smart and connected environment will be the key success factor in the mass adoption of electric mobility, enabling up to €5bn of incremental annual revenue in Europe only by 2030.
Research published by Improved Corporate Finance and P3 in its white paper Smart Charging: The Upcoming Revolution of Electric Vehicle Economics, is the first analysis of this kind in the smart charging domain to be conducted and looks at the most recent market developments and investment activity in smart charging, and outlines the roadmap, the expected evolution phases and business models, the technical enablers and the future market potential.
According to the research, smart charging offers significant business opportunities for numerous established and new players within the EV charging ecosystem. The creation and investment in valid cross-industry “ecosystems” based on powerful standards and interfaces, will unleash attractive business models and a €5bn market in annual revenue of hardware, software and value-added services in Europe by 2030.
When looking at the investment activity and capital formation in the sector, from 2019 to 2021, global smart charging investment activity multiplied nearly six times, with growth accelerating further since H1 2021. As such, the total transaction volume globally increased from eight transactions in 2019 to 51 transactions in 2021. Similarly, the total transaction value increased nearly six times from €205m to €1.8bn in 2021.
MSC R&D – Your Smart EV Charging R&D Tax Credits specialist
Only a smart and truly efficient EV Charging infrastructure will enable a successful transition to mainstream E-Mobility.
The ecosystem of companies providing hardware, software and full solutions enabling smart charging is now taking shape, leading to an unprecedented inflow of capital driving this crucial sector.
R&D Tax Credits are a vital source of R&D funding in this fast growing market. Ensure your claims are optimised by using a creditable supplier.
