Market growth and consolidation

The EV charging market is rapidly consolidating. From strictly national markets only two years ago both chargepoint manufacturers and charging networks alike growing to have pan-European activities. As the EV sales have sky-rocketed in in 2020 and strong sales continuing in 2021, growth in EV charge points is increasingly finances through mergers and acquisitions, pre-IPO financing and straight forward listings in London, NYSE and Nasdaq.

EV market is evolving rapidly

EV Charging at the Crossroads: The Fast , The Curious & The Race for Scale

One of the few (and best) reports on the evolving and developing EV charging markets, published early 2020 by Delta-EE and global investment bankers Drake Star Partners, “EV Charging at Crossroad” defines five stages of markets development. We were fast-forwarded to the fourth stage “Market Consolidation” by the relentless landgrab and money flowing in through private and national funds, listings and M&A activity.

Read the whole report here.

Market Leaders 2021

EV Charging Leaderboard – Source Guidehouse Insights

Enel X and ChargePoint top the EV Charging Leaderboard

Considering where we started from a few year back, what we have built together it’s just awesome! Kudos to the whole team! This is a very significative recognition to the huge amount of sweat, blood, tears, sacrifice and desperation but also talent, professionalism, innovative creation and teamwork that these men and women have invested in in making Enel X Mobility the leading company among the EV Charger Networking Companies in the world.

As Guidehouse, a leading global provider of consulting services and market analysis, put it “ChargePoint and Enel X are Leaders in this Leaderboard because they have secured strong positions in multiple charging applications in multiple geographies. ChargePoint leverages a strong solution for the destination charging market and has enhanced its presence in fast charging and fleets significantly with two acquisitions in 2021. Similarly, Enel X has one of the largest footprints globally and throughout the value chain. The company also leads in vehicle grid integration (VGI), positioning it to tap new networking services as EV charging becomes more accessible and powerful in the evolving EV market. In sum, this Leaderboard features two Leaders, three Contenders, 13 Challengers, and two Followers.”

Now we need to keep running and running fast because we still have tons of work to do in front of us and we want to keep maintaining our leadership in the years to come.

Francesco Venturini

CEO, Enel X