| Global electric car sales | More than 17 million units | 2024 | Global electric car sales increased to more than 17 million, representing more than one in five new cars sold worldwide. | A larger and rapidly expanding EV user base is creating sustained demand for charging at destinations beyond the home. |
| Global sales growth | Approximately 20% year-on-year growth | 2024 compared with 2023 | Electric car sales continued to grow despite differences in market conditions across regions. | Businesses can prepare for rising charging utilization instead of treating EV charging as a short-term niche service. |
| China electric car market | More than 11 million electric cars sold | 2024 | China accounted for the largest share of global electric car sales, with electric cars representing a substantial portion of new-car sales. | High-density commercial sites benefit from scalable chargers, load management and clear customer access policies. |
| European electric car market | Approximately 3.2 million electric cars sold | 2024 | Europe remained one of the world’s largest electric car markets, with electric cars accounting for roughly one-fifth of new-car sales. | Workplaces, retail centers, hotels and public parking facilities can use charging availability to support customer and employee mobility needs. |
| United States electric car market | Approximately 1.6 million electric cars sold | 2024 | Electric car sales continued to expand, supported by growing model availability and wider consumer adoption. | Commercial charging helps address the needs of drivers who lack convenient home charging or travel longer distances. |
| Electric-car sales outside the three largest markets | Approximately 1.3 million units | 2024 | Sales growth increasingly extended beyond the largest established EV markets. | Early deployment can help commercial properties serve emerging local demand and differentiate their customer experience. |
| Electric share of global new-car sales | More than 20% | 2024 | Electric vehicles moved from an emerging technology toward a mainstream part of the global new-car market. | EV charging can be planned as a core facility service, similar to parking, lighting and other customer amenities. |
| Charging location opportunity | Destination and workplace charging remain important complements to home charging | Current market need | Not every driver has access to a private parking space or dedicated home charger, while many vehicles remain parked at commercial destinations for extended periods. | Commercial chargers can improve convenience, support fleet operations, increase parking value and enable usage-based charging revenue. |