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.
Author: Prajyot Sathe
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 Vehicles Sold in the Last Decade
Global EV Market, 2021 and 2022E
EV Growth and Penetration—Major Countries
EV Growth and Penetration—Leading OEMs
Commercial EV Market Overview—Battery EVs (BEVs)
EV Charging Infrastructure Development
Summary of Potential EV Charging Models
Wireless EV Charging Systems and Methods
Wireless EV Charging Systems and Methods (continued)
Overview of Different Wireless EV Charging Methods
SAE J2954
Key EV Market Trends
Key EV Market Trends (continued)
Wireless Charging For Commercial EVs
OEM Overview—Premium and Luxury EV
OEM Overview—Premium and Luxury EVs (continued)
Market Developments For WEVC
Technology Roadmap
Comparative Analysis
Adoption of Different Types of Business Models
Strategic Locations
Market Estimates in Unit Sales/Installed
Estimated Market Size by Revenue
Growth Drivers
Growth Restraints
WiTricity
Plugless Power
Momentum Dynamics
Momentum Dynamics’ Wireless Charging EV Taxi Project
Electreon
Electreon Projects
Electreon Projects (continued)
Magment (High Disruptive Potential)
Growth Opportunity 1—Standardized Aftermarket Solutions to Promote WEVC
Growth Opportunity 1—Standardized Aftermarket Solutions to Promote WEVC (continued)
Growth Opportunity 2—IP Licensing Business Model for Faster Time to Market
Growth Opportunity 2—IP Licensing Business Model for Faster Time to Market (continued)
Growth Opportunity 3—Electric Road Systems to Provide a New Market for Construction Companies and Utilities
Growth Opportunity 3—Electric Road Systems to Provide a New Market for Construction Companies and Utilities (continued)
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
List of Figures- Electric Vehicles: Historic XEV Sales, Global, 2011 2022e
- Electric Vehicles: Market Split, Global, 2021 and 2022e
- Electric Vehicles: Market Share, Selected Countries, 2021 and 2022e
- Electric Vehicles: Sales by Top 10 Models, Global, 2021
- Electric Vehicles: Growth and Penetration of Selected Countries, Global, 2020 2022e
- Electric Vehicles: Growth and Penetration of Leading OEMs, Global, 2020 2022e
- Wireless EV Charging: Commercial BEVs and Wireless Charging, Global, 2021
- BEV Light Commercial Vehicle (LCV) Sales, Global, 2021
- Electric Vehicles: Charging Infrastructure Developments in Leading Countries, Global, 2021
- Wireless EV Charging Market: Comparative Rating, Global, 2021
- Wireless EV Charging: Product Segmentation, Global, 2021
- Wireless EV Charging: Comparison of Wireless Power Transfer (WPT) Systems, Global, 2022
- Wireless EV Charging: Comparison of Wireless Power Transfer Systems, Global, 2022
- Wireless EV Charging: WEVC Standards, Global, 2022
- Wireless EV Charging: Key EV Market Trends, Global, 2022
- Wireless EV Charging: Premium OEMs and Wireless Charging, Global, 2021
- Wireless EV Charging: Premium OEMs and Wireless Charging, Global, 2021
- Wireless EV Charging: Market Development, Global, 2021
- Wireless EV Charging: Market Roadmap, Global, 2021 2030
- Wireless EV Charging: Comparative Technology Analysis, Global, 2021
- Wireless EV Charging: Business Model, Global, 2012
- Wireless EV Charging: Strategic Locations for Installation, Global, 2021, 2025 and 2030
- Wireless EV Charging: Market Estimates in Sales, Global, 2022 2030
- Wireless EV Charging: Revenue Estimates in Sales, Global, 2022 2030
- Wireless EV Charging: Growth Drivers, Global, 2022 2030
- Wireless EV Charging: Growth Restraints, Global, 2022 2030
- Wireless EV Charging: Witricity Profile, Global, 2022
- Wireless EV Charging: Plugless Power Profile, Global, 2022
- Wireless EV Charging: Momentum Dynamics Profile, Global, 2022
- Wireless EV Charging:Electreon Profile, Global, 2022
- Wireless EV Charging:Electreon Projects, Global, 2022
- Wireless EV Charging:Electreon Projects, Global, 2022
- Wireless EV Charging: Magment Profile, Global, 2022
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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.
Author: Prajyot Sathe
| Deliverable Type | Market Research |
|---|---|
| Author | Prajyot Sathe |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | wireless ev charging |
| Keyword 2 | wireless charging for electric vehicles |
| Keyword 3 | ev charging |
| List of Charts and Figures | Electric Vehicles: Historic XEV Sales, Global, 2011 2022e~ Electric Vehicles: Market Split, Global, 2021 and 2022e~ Electric Vehicles: Market Share, Selected Countries, 2021 and 2022e~ Electric Vehicles: Sales by Top 10 Models, Global, 2021~ Electric Vehicles: Growth and Penetration of Selected Countries, Global, 2020 2022e~ Electric Vehicles: Growth and Penetration of Leading OEMs, Global, 2020 2022e~ Wireless EV Charging: Commercial BEVs and Wireless Charging, Global, 2021~ BEV Light Commercial Vehicle (LCV) Sales, Global, 2021~ Electric Vehicles: Charging Infrastructure Developments in Leading Countries, Global, 2021~ Wireless EV Charging Market: Comparative Rating, Global, 2021~ Wireless EV Charging: Product Segmentation, Global, 2021~ Wireless EV Charging: Comparison of Wireless Power Transfer (WPT) Systems, Global, 2022~ Wireless EV Charging: Comparison of Wireless Power Transfer Systems, Global, 2022~ Wireless EV Charging: WEVC Standards, Global, 2022~ Wireless EV Charging: Key EV Market Trends, Global, 2022~ Wireless EV Charging: Premium OEMs and Wireless Charging, Global, 2021~ Wireless EV Charging: Premium OEMs and Wireless Charging, Global, 2021~ Wireless EV Charging: Market Development, Global, 2021~ Wireless EV Charging: Market Roadmap, Global, 2021 2030~ Wireless EV Charging: Comparative Technology Analysis, Global, 2021~ Wireless EV Charging: Business Model, Global, 2012~ Wireless EV Charging: Strategic Locations for Installation, Global, 2021, 2025 and 2030~ Wireless EV Charging: Market Estimates in Sales, Global, 2022 2030~ Wireless EV Charging: Revenue Estimates in Sales, Global, 2022 2030~ Wireless EV Charging: Growth Drivers, Global, 2022 2030~ Wireless EV Charging: Growth Restraints, Global, 2022 2030~ Wireless EV Charging: Witricity Profile, Global, 2022~ Wireless EV Charging: Plugless Power Profile, Global, 2022~ Wireless EV Charging: Momentum Dynamics Profile, Global, 2022~ Wireless EV Charging:Electreon Profile, Global, 2022~ Wireless EV Charging:Electreon Projects, Global, 2022~ Wireless EV Charging:Electreon Projects, Global, 2022~ Wireless EV Charging: Magment Profile, Global, 2022~ |
| Podcast | No |
| WIP Number | PCFA-01-00-00-00 |
Global Wireless EV Charging Growth Opportunities
Global Wireless EV Charging Growth Opportunities
Wireless Charging and Autonomous Capabilities Represent Marketable Features for the High-end Luxury EV Segment
RELEASE DATE
10-Aug-2022
10-Aug-2022
REGION
North America
North America
Deliverable Type
Market Research
Market Research
Research Code: PCFA-01-00-00-00
SKU: AU02381-NA-MT_26787
$2,450.00
In stock
SKU
AU02381-NA-MT_26787