Top 10 EV Charging Providers in Europe – Yahoo Finance | CarTailz

In this article, we will discuss the 10 largest EV charging companies in Europe. If you want to skip our detailed analysis of the European EV charging industry, you can go directly to The 5 largest EV charging companies in Europe.

Electric vehicles are expanding their market share in Europe. According to statistics from ACEA, battery electric vehicles accounted for 11.9% of car registrations in the EU in the third quarter of 2022, compared to 9.8% in the same quarter last year. Hybrid electric cars had a market share of 22.6% of passenger cars in the EU in the third quarter of 2022, compared to 21.2% in the third quarter of 2021.

The EV Charging Industry in Europe: An Analysis

Electric vehicle charging stations, also known as EVSEs, are devices that charge electric vehicles. They are also sometimes referred to as EV chargers or EV charging points. EVSEs come in a variety of shapes and sizes, but all share a common purpose: to provide electrical energy to an electric vehicle to charge its batteries. The vast majority of EVSEs are Level 2 chargers, meaning they supply 240 volts alternating current (AC) to the vehicle. Level 2 chargers are much faster than Level 1 chargers, which only provide 120 volts AC. A level 2 charger can typically charge an electric vehicle in 3-8 hours, while a level 1 charger can take up to 40 hours to reach a full charge. There are also Level 3 chargers, also known as DC fast chargers. These chargers supply direct current (DC) to the vehicle and can charge an electric vehicle in just 30 minutes. However, level 3 chargers are much less common than level 2 chargers and are usually only found at commercial or public charging stations.

According to an industry analysis report published by Data Bridge Market Research, the European EV Charging Station Market was worth US$491 million in 2021. The market is expected to reach $71.6 billion by 2029 and will grow at a CAGR of 50.10% from 2022 to 2029. The increasing sales of battery electric vehicles or BEVs are the main catalysts of this growth. In addition, the technological advances in IoT and the convenience of real-time vehicle analysis are expected to drive the growth of the European EV charging industry.

McKinsey researchers estimate that by 2021 around 375,000 charging stations for electric vehicles would be installed in Europe. To become carbon neutral by 2050 and achieve carbon neutrality, which is the European Union’s goal, McKinsey estimates that the continent would need at least 3.4 million operational public EVSEs by 2030. This corresponds to an investment of over 240 billion euros in 2030.

Major public players in the EV charging market include ChargePoint Holdings, Inc. (NYSE:CHPT), Blink Charging Co. (NASDAQ:BLNK) and EVgo, Inc. (NASDAQ:EVGO). We also reported on other private, largest EV charging companies in the world in a separate article. However, in this article we will discuss some of the largest European EV charging companies in detail.

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Our methodology

To determine the largest EV Charging Station Vendors in Europe, we have studied industry analysis reports and identified key players operating in this space. We have narrowed our selection to companies that have a strong presence in the European EV charging industry. We have included both public and private companies in our list. For public companies, we used market capitalization to determine their rank. For private companies, we weighted their revenues, which come from official financial reports and credible financial information databases like Growjo.

Largest EV charging company in Europe

10. Efacec

Annual turnover (2020): 216 million euros

Efacec is a leading Portuguese provider of electric vehicle (EV) charging stations with a strong presence in Europe, North America and Asia. The company offers a wide range of products including AC and DC chargers, fast chargers and ultra-fast chargers. Efacec has a strong R&D department and is constantly innovating to provide the latest and most efficient EV charging solutions. Efacec is present in 65 countries and employs over 2500 people in Europe, America and Africa. According to the company’s 2020 annual report, Efacec generated sales of EUR 216 million in 2020. Efacec is one of the largest providers of charging stations for electric vehicles in Europe.

Some of the prominent players in the global EV charging station market include Efacec, ChargePoint Holdings, Inc. (NYSE:CHPT), Blink Charging Co. (NASDAQ:BLNK) and EVgo, Inc. (NASDAQ:EVGO).

9. EV Box

Annual sales (estimated): $337.4 million

EVBox is a global leader in charging solutions for electric vehicles. Its products and services are used by major companies and organizations worldwide, and its mission is to accelerate the transition to electric mobility by making it easy and convenient for everyone to charge their electric vehicles. The company offers a full range of products and services, including home and public charging stations and charging network management software. EVBox products are user-friendly and easy to install and operate. The company’s charging stations are compatible with all major brands of electric vehicles and its software is designed to work with all major charging networks. The company is headquartered in The Netherlands and has offices in the United States and Europe. EVBox has an estimated annual turnover of US$337.4 million and is one of the largest suppliers of electric vehicle charging stations in Europe.

8. Webasto SE

Annual turnover (2021): 3.7 billion euros

Webasto SE is a German automotive supplier company with a long history of providing innovative solutions to the automotive industry. Webasto SE has a strong global presence with a network of sales and service partners in over 50 countries. The company’s products are backed by a comprehensive warranty and service program. Webasto SE is constantly innovating and bringing new products and features to the market, which helps it stay at the forefront of the EV charging station market.

Webasto SE is a leading provider of charging stations for electric vehicles (EV). The company offers a wide range of products and services to meet the needs of electric vehicle drivers and businesses. Webasto SE has a strong presence in the EV charging station market and is known for its quality products and services. The company offers a wide range of EV charging stations, including fast chargers, semi-fast chargers and slow chargers. Webasto SE also offers a variety of services such as installation, maintenance and repair. According to the company’s website, Webasto SE has shipped more than 115,000 electric vehicle chargers to its customers around the world. In terms of sales, Webasto SE is one of the largest providers of charging stations for electric vehicles in Europe. In 2021, the company reported sales of 3.7 billion euros.

7. Allego N.V. (NYSE:ALLG)

Market cap on November 18: $949 million

Allego NV (NYSE:ALLG) provides charging solutions for electric vehicles (EV). The company is based in Amsterdam, The Netherlands and has an installed base of 31,000 charging points across Europe. Allego NV (NYSE:ALLG) is a leading provider of electric vehicle (EV) charging solutions with a comprehensive offering of products and services for home and public charging. The company has a strong presence in Europe and offers a wide range of products, including AC and DC chargers, as well as fast and ultra-fast chargers. Its products are compatible with all major EV brands and its charging stations are integrated with leading EV charging networks. Allego NV (NYSE:ALLG) also offers a range of services including installation, maintenance and billing. This comprehensive offering gives Allego a competitive advantage in the EV charging market.

On November 14, Allego NV (NYSE:ALLG) reported earnings for the third quarter of 2022. The company reported earnings per share of EUR1.00 and generated revenue of EUR22.32 million for the quarter, an increase of 105 % compared to the previous year. As of November 18, Allego NV (NYSE:ALLG) is worth $949 million on the open market and is one of the largest EV charging companies in Europe.

6. Wallbox N.V. (NYSE:WBX)

Market cap on November 18: $966 million

Wallbox NV (NYSE:WBX) is a leading Spanish provider of electric vehicle charging solutions. The company offers a range of products and services that make it easier for EV drivers to charge their vehicles at home, at work and on the road. The company’s products are designed to work with all major EV brands, and its charging solutions are compatible with a variety of power sources, including AC and DC. Wallbox NV (NYSE:WBX) is headquartered in Barcelona, ​​Spain and its products are available in over 80 countries. On November 9, Wallbox NV (NYSE:WBX) announced earnings for the third quarter of fiscal 2022. The company reported sales of EUR 44 million, up 140% on the previous year. For the fourth quarter of 2022, Wallbox NV (NYSE:WBX) expects sales of EUR 52 million, a growth rate of 100% year-on-year, and for the full year 2022 the company expects sales of EUR 164 million, up 130% on the year Previous year. As of November 18, Wallbox NV (NYSE:WBX) has a market capitalization of $966 million and is the sixth largest EV charging provider in Europe.

In addition to Wallbox NV (NYSE:WBX), other companies making a significant impact in the North American EV charging market include ChargePoint Holdings, Inc. (NYSE:CHPT), Blink Charging Co. (NASDAQ:BLNK) and EVgo, Inc Have Presence (NASDAQ: EVGO).

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Disclosure: None. The 10 largest EV charging companies in Europe was originally published on Insider Monkey.

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