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Dishing out $5,000 to read a report on the future of the electrical vehicle charging industry is not something that we often do around here. In fact, we’d never dish out that kind of dough to pour over some predictions based on speculation, forecasting models and perhaps some less-than-educated guesses. Paying for a just-released market research report with dubious predictions that reach seven years into the future doesn’t seem like a wise investment. That’s why when we heard that Verify Markets, a relatively unknown name in the automotive market research category, wants $5,000 to view its North American eMobility report, we held ourselves back and instead skimmed over the firm’s charging industry outline, which reads like this:The market is expected to reach unit shipments of 2.8 million by 2017, with over 85% of unit sales comprised of residential and multi-unit housing chargers. The level three charging industry, which will follow right behind the level two infrastructure, is expected to have over 10,000 unit shipments by 2017 and revenues of over $250 million on unit installations alone. Competition in the industry will pick up drastically over the next two to three years when several major players, including ABB, General Electric, Eaton, and Leviton, are expected to have some type of product in the market. Greater competition will increase the downward price pressure of EV chargers. This will likely decrease unit price by 50% in three to five years.There, we just saved you $5,000 and hours of time. Still, if you’d rather read the whole thing, then head over to Verify Market’s site, pay five grand and let us know all about it.
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