EVBox commits to 1 million electric vehicle charging ports by 2025

Amsterdam, September 14th, 2018. Kristof Vereenooghe (CEO of EVBox) announced today that EVBox, one of the leading global manufacturers of electric vehicle charging stations and related software, is committing itself to having a minimum of 1 million EV charging ports placed globally by the year 2025. He announced this on stage at the Global Climate Action Summit, which took place September 12-14 in San Francisco (USA).

The Global Climate Action Summit brought together over 5000 global thought leaders, nations, cities, and companies. The Summit set out to celebrate the extraordinary achievements of organisations with respect to climate action, but also to create a deeper commitment to take even more action against climate change globally.

Besides the 300+ media outlets present, the full list of delegates includes many high-level representatives of multinational companies, countries, and cities worldwide, such as Al Gore (Former US Vice President), Paul Polman (CEO Unilever), Eric Garcetti (Mayor Los Angeles), Anne Hidalgo (Mayor of Paris), and Ahmed Aboutaleb (Mayor of Rotterdam).

EVBox now has a global installed base of 60,000 charging ports (including 700 fast charging stations). Reaching a minimum of 1 million charging ports by 2025 (an increase of over 1500% in seven years) may seem overly ambitious; however, there are several reasons why EVBox is not only committed, but also confident it will reach this goal:

• Global sales of electric vehicles continue to rise exponentially. BNEF forecasts show sales of electric vehicles increasing from a record 1.1 million worldwide in 2017 to 11 million in 2025, leading to a total of 30+ million electric cars on the road.

• Demand for charging stations will surge along with the sales of electric vehicles. California alone will need up to 279,000 chargers by 2025 to meet state goals, according to the California Energy Commission. Globally, there is an expected demand of at least 20 million residential, commercial, and public chargers by 2025, according to research by BNEF and GTM.

• Economies of scale are kicking in as electric vehicles and related equipment (such as charging equipment) are becoming more affordable (with battery prices decrease). This reduces the cost of charging ports at homes, at businesses, and in cities.

• EVBox continues to expand its portfolio (now offering the full 3.7­–350 kW range, with both AC and DC charging) and is heavily scaling up by forming new partnerships to design, develop, and (mass-)produce millions of competitive charging solutions by 2025 in an efficient and cost-effective way.