Global Wireless EV Charging Growth Opportunities

Global Wireless EV Charging Growth Opportunities

2021 has been a strong year for electric vehicle (EV) sales, with 6.8 million units sold and 9.5% global market penetration, outperforming industry expectations. Despite the impact of chip shortages on production, the industry exceeded 100% YoY growth. Conductive (wired) charging infrastructure grew to more than 500,000 charge points in 2021. The top 5 countries (excluding China) were the US, the Netherlands, France, Germany, and the UK. These include AC/DC, public, and private charge points. As of 2022, the wireless or inductive EV charging market is still in a nascent phase because of a lack of global standards, safety regulations, and established business models. Conductive charging infrastructure is also underdeveloped. Hence, the most likely adopters of wireless EV charging will be premium/luxury EV manufacturers offering it as an add-on feature and the commercial mobility sector. About 90% of wireless charging will be stationary as dynamic (under-road) WEVC requires large-scale investment and an infrastructure overhaul. Of the stationary wireless chargers, 80% will be in private locations, while 20% will be available to the public. They will likely use charging pads rather than underground WPT devices.

Hyundai-Kia’s premium sub-brand Genesis is launching its all-new EV called GV60, built on the E-GMP pure electric platform. The GV60 will offer factory-installed WEVC as an optional feature. The WEVC system on the Genesis GV60 will be based on Witricity’s wireless charging technology, which is also J2954-compliant. This is a potential business model for WEVC penetration, particularly into the premium EV market and possibly mass-market EVs, as Witricity endeavors to drive down costs.

  • Strategic Imperatives
    • Why Is It Increasingly Difficult to Grow?
    • The Strategic Imperative 8
    • The Impact of the Top 3 Strategic Imperatives on the Wireless Electric Vehicle Charging (WEVC) Industry
    • Growth Opportunities Fuel the Growth Pipeline Engine
  • Electric Vehicle Market Overview
    • Electric Vehicles Sold in the Last Decade
    • Global EV Market, 2021 and 2022E
    • EV Growth and Penetration-Major Countries
      • Table Electric Vehicles: Growth and Penetration of Selected Countries, Global, 2020-2022e
    • EV Growth and Penetration-Leading OEMs
      • Table Electric Vehicles: Growth and Penetration of Leading OEMs, Global, 2020-2022e
    • Commercial EV Market Overview-Battery EVs (BEVs)
    • EV Charging Infrastructure Development
    • Summary of Potential EV Charging Models
  • Standards and WEVC Systems
    • Wireless EV Charging Systems and Methods
    • Overview of Different Wireless EV Charging Methods
    • SAE J2954
  • WEVC Market Overview 2022
    • Key EV Market Trends
    • Wireless Charging For Commercial EVs
    • OEM Overview-Premium and Luxury EV
    • Market Developments For WEVC
  • Technology Evolution and Use Case
    • Technology Roadmap
    • Comparative Analysis
    • Adoption of Different Types of Business Models
    • Strategic Locations
  • WEVC Market Sizing
    • Market Estimates in Unit Sales/Installed
    • Estimated Market Size by Revenue
    • Growth Drivers
    • Growth Restraints
  • WEVC Company Profiles
    • WiTricity
    • Plugless Power
    • Momentum Dynamics
    • Momentum Dynamics' Wireless Charging EV Taxi Project
    • Electreon
    • Electreon Projects
    • Magment (High Disruptive Potential)
  • Growth Opportunity Universe
    • Growth Opportunity 1-Standardized Aftermarket Solutions to Promote WEVC
    • Growth Opportunity 2-IP Licensing Business Model for Faster Time to Market
    • Growth Opportunity 3-Electric Road Systems to Provide a New Market for Construction Companies and Utilities

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