More than 5 million charging points to be installed worldwide by 2015

As early as summer 2010, auto manufacturers will start shipping plug-in hybrids and other electric-vehicles in volume. According to a new research done by Pike Research, the global installed base of charging locations will surpass 5 million with equipment revenues of $6.5 million by 2015.

“While electric vehicles will be primarily charged at home, a strong funding push by governments will mean that more than half of all charge points will be public charging stations by 2015,” says industry analyst John Gartner. “Retailers will also install public access stations primarily as a marketing tool, and many companies will also offer workplace charging stations for their employees.”

Forecast by Pike Research says that China will be the world leader in charging stations due to a strong government mandate to push the adoption of electric-vehicles. The United States will be the second-largest market with more than one million charge points installed by 2015.

– By: Omar Rana

Source: AutoChannel