By 2020, Pike forecasts in Electric Vehicle Recharging Equipment Europe that more than 2.9 million PEVs will be on Europe's roadways and that the region will have more than 4.1 million EV charging stations installed.
The top five European markets for EV supply equipment (EVSE) will be Germany, France, the UK, the Netherlands, and Italy, with this group representing more than 60% of the total market. The dynamics of demand for EVSE will be different in Europe than in other parts of the world; for example, residential charging equipment adoption will be slower than in North America as more EV owners will opt to use base power from a wall outlet or will rely primarily on commercial charging stations.
