EV Charging Index Edition 5 Analysis

This study presents the fifth edition of the EV Charging Index, which analyzes electric vehicle (EV) growth and charging infrastructure across 32 markets globally. It highlights a slowdown in EV sales growth in 2023 due to factors such as high electricity costs, inflation, and reduced government subsidies. The report is based on industry interviews, primary research, and a survey of 16,000 participants conducted in Q2 2024. It details the overall findings regarding EV penetration, policy, infrastructure, and market dynamics. The EV Charging Index score evaluates countries on their charging facility readiness, network sufficiency, and customer satisfaction. The report notes that while some markets have seen stagnation, regions like Southeast Asia are experiencing rapid growth in EV sales. The study also discusses the evolving role of original equipment manufacturers (OEMs) in charging infrastructure and the varying expectations of EV drivers regarding charging capabilities and vehicle range across different regions.