The global shift to new energy vehicles (NEVs) is accelerating, with Chinese brands leading the charge. According to the China Association of Automobile Manufacturers, NEV sales in China hit 2.09 million in Q1 2024, representing a 31.8% year-on-year increase, now making up over 30% of the market. As this growth continues, the demand for robust charging infrastructure is becoming increasingly critical.

Infrastructure as the Backbone of EV Expansion

Arecent PricewaterhouseCoopers report forecasts that by 2035, Europe and China will need over 150 million charging stations and 54,000 battery swap stations to meet the growing EV demand. Light EVs (under 6 tons) in both regions are expected to account for 36-49% of vehicle ownership, while medium and heavy EVs (over 6 tons) will make up 22-26%. Europe is expected to reach 96% penetration of electric light vehicles and 62% for medium-heavy electric vehicles by 2035.

In China, the growth is even more significant, driven by strong government support for green policies. By 2035, electric light vehicles are expected to account for 78% of new car sales, and medium-heavy EVs will make up 41%. The demand for charging solutions, especially for China’s larger plug-in hybrid vehicles, will be immense, requiring fast and high-capacity charging infrastructure.

As the Chinese NEV market continues to expand, building a comprehensive and efficient charging network will be crucial. At Risen, we are committed to providing advanced EV charging solutions to support this transformation. Visit https://www.risencharger.com/ to learn more about how we’re helping power the future of electric vehicles.