HOSTON ENERGY
13, September, 2023
——Build more charging stations
——Faster charging speed
——Future market
Build More EV Charging Station
The Japanese government has decided to double its current target for building charging station to 300,000 by 2030. As electric vehicles become increasingly popular around the world, the Japanese government hopes that an increase in the number of charging stations across the country will encourage a similar trend in Japan.
The Ministry of Economy, Trade and Industry has submitted draft guidelines for the scheme to an expert committee.
Japan currently has about 30,000 electric vehicle chargers. Under the new plan, additional chargers will be available at public spaces such as expressway rest stops, Michi-no-Eki roadside rest areas and commercial facilities.
The Japanese government initially set a target of building 150,000 charging stations by 2030 in its Green Growth Strategy, which was revised in 2021. But with Japanese manufacturers such as Toyota Motor Corp expected to increase domestic sales of electric vehicles, the government concluded it was necessary to revise the charger target, which is key to the spread of electric vehicles.
Faster Charging
Shortening vehicle charging times is also part of the government’s new plan.
The higher the charger’s output, the shorter the charging time. Currently, about 60% of “Fast Chargers”on the market have an output power of less than 50kW. The government plans to install fast charging stations with an output of at least 90kW on expressways and charging stations with an output of at least 50kW elsewhere.
Under the plans the government will provide relevant subsidies to road management departments. This move is to encourage the installation of fast charging stations.
Future Charging Market
The government has set a goal of all new cars sold being electric by 2035.
Domestic EV sales totaled 77,000 units in fiscal 2022, accounting for about 2% of all passenger cars and lagging behind China and Europe. The installation of charging stations in Japan has been slow, with the number hovering around 30,000 since 2018. Poor availability and low power output are the main reasons for the slow adoption of EVS in the country
Major countries where EV usage is rising are also seeing an increase in the number of charging stations.
In 2022, there will be 1.76 million charging stations in China, 128,000 in the United States, 84,000 in France, and 77,000 in Germany.
Germany has set a goal to increase the number of such facilities to 1 million by the end of 2030, while the United States and France have targets of 500,000 and 400,000 respectively.
Nowadays, the charging station market continues to expand.
It is time to seize the market opportunities and invest in electric vehicle charging stations.
