The demand for BEVs in Europe is strong, the charging pile network is expanding but bottlenecks are highlighted, and operators benefit (Deutsche Bank)
A Deutsche Bank report pointed out that new BEV car registrations and fleet utilization rates in Europe have increased, driving charging demand to continue to strengthen.
A Deutsche Bank report pointed out that new BEV car registrations and fleet utilization rates in Europe have increased, driving charging demand to continue to strengthen. Public charging networks in major countries have expanded year-on-year, with growth rates of 21% and 20% in Italy and Spain, ahead of Germany's 14%. However, the proportion of EVs per charging pile has increased across the board (the highest in the UK is about 28.8 times), highlighting the bottleneck of the power grid. The growth in charging demand has created a favorable environment for operators and infrastructure supply chains. One-sentence conclusion: The popularity of BEVs in Europe is accelerating, but the bottleneck of charging infrastructure is becoming increasingly prominent, which brings huge growth opportunities to charging network operators and related equipment suppliers. Positive/negative: Positive for European charging pile operators and infrastructure supply chain companies. The market may have paid attention to the growth in BEV sales, but the investment opportunities created by charging bottlenecks may not be fully priced. Catalysts: 1) Subsidies for charging pile construction and grid investment policies in various countries; 2) Quarterly financial report data (utilization rate, revenue) of charging pile operators; 3) Changes in BEV penetration rates.