The development of charging infrastructure plays an important role in shaping the electric vehicle market. The availability of charging stations affects not only the cost of new cars, but also their resale price. We investigate how this factor shapes the electric vehicle market.
1. The impact of charging infrastructure on the price of new electric vehicles
Demand and availability
The more charging stations in a region, the higher the demand for electric vehicles.
Electric car manufacturers can set higher prices in regions with developed infrastructure due to the higher level of demand.
Investment in battery technology
The development of high-speed charging stations reduces the need for large battery capacities, which potentially makes electric vehicles cheaper.
High availability of charging stations encourages manufacturers to reduce production costs.
2. How charging infrastructure affects resale value
Used EV value
In regions with a well-developed charging network, EVs depreciate more slowly.
Used EV buyers are more likely to choose a car if the charging infrastructure is well-developed.
Battery life
Frequent charging at fast charging stations can accelerate battery degradation, which reduces resale value.
Availability of slow chargers at home or at work helps preserve battery capacity for longer.
3. Outlook and trends
The growth in the number of charging stations is stimulating the secondary market for electric vehicles.
The development of wireless and ultra-fast charging can further increase the attractiveness of electric vehicles.
Improvements in battery technology and their service life will reduce the impact of fast charging on battery degradation.
The availability of charging stations has a positive impact on both the primary and secondary markets for electric vehicles. The more developed the infrastructure, the more profitable it is to buy and resell electric cars. Progress in charging technologies will continue to increase the attractiveness of electric vehicles for the mass consumer.
