Fuels Institute Report Examines EV Infrastructure

Fuels Institute Report Examines EV Infrastructure

October 2022   minute read

The latest Fuels Institute Electric Vehicle Council report, “EV Charger Deployment Optimization: An Analysis of U.S. State-level Electric Vehicle Supply Equipment Demand Forecast and Supporting Infrastructure Considerations,” is now available. The report, which was written by S&P Global Mobility, was designed to help government bodies and industry decision makers determine how to best support the expansion of the EV market with the strategic installation of charging stations.

“The market for electric vehicles (EVs) continues to grow at an accelerating pace, yet there remains great uncertainty regarding how fast these vehicles will gain significant market share, how many chargers we will need, when and where we will need them and what kind of chargers will be required in different locations,” said John Eichberger, Fuels Institute executive director.

“Recognizing that billions of dollars would be invested in building out EV charging infrastructure, we commissioned S&P Global Mobility to model what the demand for EV chargers might look like over the next 10 years throughout the United States. This report helps prioritize where those funds should be deployed to most effectively leverage business and taxpayer dollars, as well as to deliver the greatest value to drivers.”

Among the key findings:

  • The report forecasts EV adoption nationwide will reach almost 6% of vehicles in operation by 2030. If accurate, to satisfy an optimal vehicle to charger ratio of about 10:1, the U.S. will need as many as 1.7 million charging stations, of which more than 90% could be strategically deployed Level 2 chargers.
  • EV adoption rates vary by state, with 82% of all EVs in 2021 registered in just 15 states. By 2030, this concentration is projected to remain high, with the top 15 states hosting 76% of all EVs.
  • Given the diversity of population, market conditions and travel patterns, there is no one-size-fits-all solution across the U.S. The report leverages a census track market analysis to prioritize EV charger deployment by state.
  • To assist with strategic planning and analysis, the report presents three case studies detailing the benefits of market-specific insights when considering EV deployment plans. Cities profiled include Detroit, Dallas and Portland, Oregon.

Download the report at EV Charger Deployment Optimization.

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