Global EV On Board Charger Market 2022-2027

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    Published- May 2022

    Number of Pages- 151

    KEY FINDINGS

    1. As of March 2022, 342 BEV models are available for sale in China, as compared to 36 in Europe and 22 in the US. Tesla Model 3 sold 500,000+ units globally in 2021
    2. Europe is the new growth driver of the global EV on board charger market as many new incentives announced in 17 EU states are boosting the sales of EVs.
    3. In China With 3 new EVs models to be released in 2022 expected with 6.6kW and 7.4kW on board chargers, in addition to the announcement of Japanese carmaker Toyota partnering with the company to help BYD develop its cars in 2022, BYD’s growth is expected to continue in the Chinese market and it may even make its impact on the global industry in 2022 as well. 
    4. City EVs such as Wuling Mini EV currently compete with ICE vehicles without subsidies and still gather a large market share
    5. The average battery capacity of top 10 Chinese EVs jumped from 50kWh in 2020 to 54kWh in 2021, necessitating use of >5kW on board chargers in many vehicles 
    6. On board charger with 6-8 kW power output is most preferred in Europe whereas Chinese market was dominated by <10kW OBC in 2021 (before steep cut in subsidy for low range vehicles)
    7. PHEVs typically employ <10kW on board charger and their share in global EV sales declined to 29%. The decline was limited to 29% of the overall plugged is sales due to the PHEV sales in Europe
    8. The rollback of 54.5mpg CAFÉ norms by Trump administration was a major demand dampener for vehicle electrification in US, but still there are many SUV/pickup hybridisation programs underway which could create demand for On-board chargers. With the new plans of Biden administration, we expect a renewed push for electrification in all segments including pickups
    9. Japan and South Korea account for >95% of EV sales in Asia Ex China market. A lot of work needs to be done from policy and legislation perspective to jump-start the EV market in this region inclusive of manufacturing and infrastructure
    10. The EV on board charger market is extremely fragmented at present (8 suppliers have 67% cumulative market share), and most OEMs are aligned to regional vendors. Therefore, serving a global platform can be difficult for small scale regional suppliers.

     

    infographic: 2021 Electric Vehicle On Board Charger Market, 2021 Electric Vehicle On Board Charger Size, 2021 Electric Vehicle On Board Charger Trends, 2021 Electric Vehicle On Board Charger Forecast, 2021 Electric Vehicle On Board Charger Risks, 2021 Electric Vehicle On Board Charger Report, 2021 Electric Vehicle On Board Charger Share

     

    INTRODUCTION

    Now, that the electric vehicles are treading the path towards being mainstream, the biggest hurdle for their widespread adoption is still “range anxiety”. This can be countered by adding a bigger battery and developing an inter-operable fast charging network.

     

    On one hand, a well-established charging infrastructure requires time, patience and a concerted effort from multiple stakeholders viz OEMs,energy companies and politicians. On the other hand, the long range batteries, which could offer an optimal mix of 600km+ range, weight, reliability and price are still under development.

     

    The charging device for Level 1 and Level 2 charging comes factory-installed and is called the “on-board charger”.

     

    infographic: on board charger market, Electric Vehicle On Board Charger Market, Electric Vehicle On Board Charger Size, Electric Vehicle On Board Charger Trends, Electric Vehicle On Board Charger Forecast, Electric Vehicle On Board Charger Risks, Electric Vehicle On Board Charger Report, Electric Vehicle On Board Charger Share

     

    A 3.7 kW on board charger provides ~12 miles per hour of charge whereas a 7 kW on board charger provides ~22 miles per hour of charge. The charging speed may vary, but the most common on board chargers in the US and EU are greater than 6.6 kW on battery electric vehicles (BEVs) and 3.7/7.4 kW on plug-in hybrid electric vehicles (PHEVs).

     

    The future of this market is moving towards greater and efficient charging power of onboard chargers, hence many OEMs like Renault have started producing models with OBC power greater than 20kW.

     

    In China, where low speed EVs manufactured by domestic companies became very popular in 2016-2018 had a 3.7kW on board charger, but policy change related to incentives in Aug 2019 proved to be a deadly blow to those cars.

     

    China also plans to reduce the NEV subsidies by 30% in 2022 and completely stop EV subsidies by the end of the year and hence the number of compact city only BEVs on sale is significantly lower.

     

    THE NEED FOR AN EV ON BOARD CHARGER MARKET

    The cost to charge an EV at public charging stations varies by a reasonable amount. A few stations are free, while others can cost over twice as much as home charging. Be that as it may, the effect of high open charger costs is regularly quieted by the high dominance of home charging.

     

    Public chargers, like those at malls or near highways, and those at workplaces are subject to commercial electricity rates, which are higher than residential rates. At times, it can cost so much to charge an electric car that it makes more sense to drive a gasoline-powered vehicle. This universal reason warrants the presence of an on-board charger in an electric vehicle.

    basic details of electric on board charger. it has a battery, power electronics and charger inlet

     

    MARKET DYNAMICS OF THE EV ON BOARD CHARGER MARKET

     

    SI no Timeline Company Developments
    1 November 2021 Hutchinson Hutchinson has partnered with the Israel startup ElectReon in order to improve a new wireless battery charging system for EVs and to reduce the size and weight of onboard batteries.
    2 November 2021 Lear Lear has agreed a joint venture with Shinry Technologies, a Chinese Tier 1 electronic supplier for EVs. They will integrate complementary ranges of onboard vehicle chargers and multi-function integrated power modules to supply worldwide.
    3 December 2020 LG Electronics LG Electronics and Magna International have announced a joint venture to manufacture e-motors, inverters and onboard chargers to support global vehicle electrification.

     

    The high price of electric cars, thin and inconsistent infrastructure, and range anxiety, as compared to ICE (internal combustion engine) powered cars, has been a major barrier to EV adoption. But, cost is no longer as daunting as electric car batteries have gotten cheaper, government subsidies have increased, and dealerships have begun offering affordable leases.

     

    Now, the question of where to charge is a bigger issue, especially for the urban population, who live in multi-unit apartment buildings. Many of them don’t have a dedicated parking spot, which makes it difficult to charge an electric car at home.

     

    In the past 5 years, the Chinese government has been making a concerted push towards what it calls ” new energy vehicles” to help reduce greenhouse gas emissions, smog, and traffic congestion. 

     

    The mandatory sales quota introduced by Chinese government for 2019,2020 and 2021 was supposed to be a major driver for EV on board charger market .But, the subsidy cut in June 2019 resulted in de-growth of EV volumes in July- Nov 2019. As a result, Chinese EV sales volume declined by 4% in 2019 YOY, which grew at ~30% in H1-2019 as compared to H1-2018.

     

    However, the year 2021 saw an increase of about 153% year-over-year for the total plug-in electric car registrations in China from 1.27 million in 2020 to 3.2 million in 2021.

     

    infographic: 2021 Electric Vehicle On Board Charger Market, 2021 Electric Vehicle On Board Charger Size, 2021 Electric Vehicle On Board Charger Trends, 2021 Electric Vehicle On Board Charger Forecast, 2021 Electric Vehicle On Board Charger Risks, 2021 Electric Vehicle On Board Charger Report, 2021 Electric Vehicle On Board Charger Share

     

     

    The cost of building the EV infrastructure requires massive capital investment and co-operation from state and local administration, which of course is not very easy to find. As of 2021, ~200,000 DC fast chargers were installed across the globe. Read our EV fast charger market report to know more about the charging infrastructure issues globally.

     

    PHEV registrations increased by 70.7% from 507,917 units in 2020 to 867,092 in 2021. Battery electric vehicles posted similar growth (+63.1%) throughout 2021, going from 538,734 to 878,432 cars sold.

     

    This growth was rather modest compared to 2020, but the surge in BEVs especially in the last quarter (+216.9%) was largely driven by government norms for low- and zero-emission vehicles introduced in the wake of the pandemic.

     

    France, Germany, Netherlands and Scandinavian countries were drivers for increased EV sales in Europe. Growing BEV sales in Europe is an important growth driver for the global EV on board charger market.

     

    As of 2021, Germany is the leading European country with 1.38 million plug-in cars registered since 2010 and Norway has the highest market penetration per capita in the world and also has the world’s largest plug-in segment market share of new car sales, 86.2% in 2021.

     

     

    In 2021, EV sales (Passenger and Commercial) in Europe totalled 2 million+ units as compared to China with 3 million+ units sales.

     

    CHINA ELECTRIC VEHICLE ON BOARD CHARGERS IN BEST-SELLING EV & PHEV MODELS -2022

    Sl no Model Battery Capacity (kWh) On- board charger(kW)
    1 HongGuang

      Mini EV

    9/14/26 7
    2 Tesla

      Model Y

    70 11
    3 Tesla

      Model 3

    57.5 11
    4 BYD

      Qin Plus PHEV

    47.5/47.5/

      57/71.7

    7
    5 Li

      Xiang One EREV

    40.6 7
    6 BYD

      Han EV

    77 6.6
    7 BYD

      Song Pro/Plus PHEV

    59 7
    8 Changan

      Benni EV

    32 7
    9 GAC

      Aion S

    59 6.6
    10 Chery

      eQ (est)

    24 7
    11 Great

      Wall Ora Black Cat

    36 6.6
    12 XPeng

      P7

    81 11
    13 SAIC

      Roewe Clever EV

    27 6.6
    14 BYD

      Qin Plus

    53/70 11
    15 Great Wall Ora Black Cat 33 11
    16 Hozon Neta VEV 38 6.6
    17 Volkswagen I.D 4 82 11
    18 BYD Tang PHEV 82 7
    19 NIO ES6   70/84/100 7
    20  BYD  Yuvan EV 53/ 40/42 7

     

    GLOBAL ELECTRIC ON BOARD CHARGER MARKET IN BEST-SELLING EV & PHEV MODELS-2022

     

    SL.No Vehicle brand Model Battery capacity(kWh) Onboard charger capacity(kW) Standard/optional
    1 BAIC EC Series 22 3.7
    2 Zhidou D2 18 3.7
    3 Tesla Model 3 50-75 11
    4 BYD E5 60 3.7
    5 BYD Qin 47.5/47.5/57/71.7 7
    6 Tesla Model X 75-100 11.5
    7 SAIC Roewe Ei5 35 3.7
    8 Chevrolet Bolt 60 7.2
    9 Renault ZOE 52 22
    10 BYD Tang 83 7.2
    11 BYD Yuan 40.6/42/53.2 7.0
    12 Toyota Prius PHEV 9 3.3
    13 Chery EQ 22.3 3.7
    14 BMW i3 33 7.7
    15 Geely Emgrand EV 41 6.6
    16 JAC IEV 30 3.7/6.6
    17 Mitsubishi Outlander PHEV 13.8 3.7
    18 Nissan LEAF 40/62 3.6/6.6
    19 Volkswagen e-Golf 30 7.2
    20 Tesla Model S 75-100 9.6/11.5

     

     

    Chinese EVs produced by domestic OEMs occupied 8 out of top 10 best-selling spots in 2020. Most of those EVs had a 3.3/3.7/7.2kW on-board charger but post changes in subsidy by the Chinese government, many Chinese OEMs had to upgrade the battery capacity on those vehicles to improve range and thus the demand grew for higher power on-board chargers in 2019.

     

    Post COVID, the subsidies are extended for 2 more years with a 10% decrease each year. China also has a strong commercial EV market and will require on-board chargers to supply for that. Yutong and BYD are global leaders in EV buses across the globe.

     

     

     

    infographic: 2021 Electric Vehicle On Board Charger Market, 2021 Electric Vehicle On Board Charger Size, 2021 Electric Vehicle On Board Charger Trends, 2021 Electric Vehicle On Board Charger Forecast, 2021 Electric Vehicle On Board Charger Risks, 2021 Electric Vehicle On Board Charger Report, 2021 Electric Vehicle On Board Charger Share

     

    MARKET SEGMENTATION IN THE EV ON BOARD CHARGER MARKET

     

    Infographic: electric car battery charger market,electric vehicle battery charger market share, EV on board charger market segmented by EV type , geography and charging power

     

    MARKET SIZE AND FORECAST IN THE EV ON BOARD CHARGER MARKET

    Most  plug-in hybrid electric vehicle (PHEV) makers have adopted on board chargers with 3.7 kilowatts (kW). While top-end PHEVs are adding to the trend of 7kw, low-end PHEVs are still utilising 3.7 kW on board chargers.

     

    Presently, BEV makers are moving towards onboard-chargers with more than 6.6 kW  power output to reduce the home /workplace charging time. 11kW chargers are also seeing increased deployment across BEVs with 22kW coming up in a niche segment of vehicles.

     

    Ford’s target with their Ford + plan is to produce and sell 2 million EVs across the globe by 2026, with Europe being a target market for this goal. Ford also has a tie up with Volkswagen to acheive this as well as a battery plant upcoming in Turkey. The models launched under this plan will have a 7.2/11 kW onboard charger with 11/22 kW onboard charger optional 

    infographic: 2021 Electric Vehicle On Board Charger Market, 2021 Electric Vehicle On Board Charger Size, 2021 Electric Vehicle On Board Charger Trends, 2021 Electric Vehicle On Board Charger Forecast, 2021 Electric Vehicle On Board Charger Risks, 2021 Electric Vehicle On Board Charger Report, 2021 Electric Vehicle On Board Charger Share

     

     

    In commercial vehicle segment, we see stronger demand from LCVs(Light commercial vehicles). As, city planning authorities tighten the noose on urban CO2 emissions, the LCVs used for last mile distribution will be electrified first. They are also well suited for electrification because they are driven within city limits at <60kph and do high number of trips but low overall distance.

     

    The market size(volume) of on-board chargers will be proportional to EV market growth (6.9 Million units in 2021), but market value will have close co-relation with the battery capacity.

     

    RECENT DEVELOPMENTS IN THE EV ON BOARD CHARGER MARKET

     

    infographic: on board charger market, Electric Vehicle On Board Charger Market, Electric Vehicle On Board Charger Size, Electric Vehicle On Board Charger Trends, Electric Vehicle On Board Charger Forecast, Electric Vehicle On Board Charger Risks, Electric Vehicle On Board Charger Report, Electric Vehicle On Board Charger Share

     

    SI no Timeline Company Developments
    1 November 2021 MG The 2022 MG ZS EV will be delivered soon and the MG has introduced an 11 kW three-phase on-board charger in ZS EV.
    2 October 2021 Innolectric Charging stations for hydrogen-powered vehicles have been provided and with the help of 22 kW on-Board Charger from innolectric, the battery system is recharged efficiently and quickly at an AC charging station.
    3 September 2021 Mercedes-Benz The Mercedes-Benz all electric SUV EQC is equipped with an upgraded 11 kW on-board charger and it will charge the 80 kWh battery in 7 hours and 30 minutes instead of 11 hours.
    4 August 2021 Wibotic A Wibotic OC-262 on-Board charger along with a drone battery charger and a transmitter has been introduced.
    5 June 2021 Lexus Lexus has launched its first  PHEV equipped with the standard 3.3 kW onboard charger and the charging time slightly goes up to four and half hours.

     

    Researchers at the Indian Institute of Technology’s department of electrical engineering have created a new technology for vehicle onboard chargers. 

     

    They believe that their technology is half the price of current onboard chargers, and that it will lower the cost of two- and four-wheeled electric vehicles.   

       

    According to the team, one of the country’s main electric car manufacturers has expressed interest in this new technology and is ready to build a full-fledged commercial product that can be applied to existing electric vehicles.

     

    RECENT LAUNCH IN GLOBAL EV ON BOARD CHARGER MARKET

    The ABB company has launched the Terra 360 which is a modular charger that can charge up to four vehicles at once with dynamic power distribution. This means that if someone else is already charging ahead of them, they will not have to wait. They just connect to a different plug.

     

    The new charger has a maximum power of 360 kW and can fully charge any electric car in 15 minutes or less, addressing the needs of a wide range of EV drivers, whether they require a quick charge or want to top up their battery while grocery shopping.

     

    With charging choices to satisfy a multitude of needs, the Terra 360 is the key to meeting that demand and advancing worldwide e-mobility adoption. 

     

    COMPETITIVE LANDSCAPE IN THE GLOBAL EV ON BOARD CHARGER MARKET

    SI no Timeline Company Sales
    1 Q3-2021 Lear The Third quarter sales are about $4.3 billion and in 2020 the sales were about $4.9 billion.
    2 Q3-2021 Valeo At the end of third quarter the total sales was €3.9 billion and the sales in Q3 2020 were about €4.3 billion.
    3 FY-2021 Toyota Industries The net sales in FY 2021 was ¥2118.3 billion and in FY 2020 the net sales were ¥2171.3 billion.

     

    More than 15 companies are active in the on board charger market. Meta Systems S.p.A, and LG Electronics are among the global market leaders. Leopold Kostal and Dilong Technology are the leading players in the European and Chinese on board charger market respectively.

     

    World`s two biggest EV  manufacturers, Tesla and BYD produce on-board chargers in-house.

     

    The average B-2-B price of an on-board charger is $xx per KW, which will come down by XX% by 2025.

     

    The competitive landscape of EV on board charger market is extremely fragmented due to presence of many low volume domestic regional suppliers in China.

     

    BorgWarner recently(May 2019) forayed in EV on-board charger market with its Silicon Carbide On-board charger, power rating of (7.4,11 and 22)kW. It is also offering an integrated package which combines on-board charger with DC-DC converter.To know more about Automotive DC-DC converter market, read our report

     

    As of Jan 2021, there are just 4 suppliers excluding BorgWarner who are offering a combined package(DC-DC Converter and Inverter) i.e. Delphi, Hyundai Mobis, Continental and Delta Electronics(in collaboration with GKN). But, in coming years we expect many more suppliers to offer an integrated power electronics package including on board charger to increase their dollar content per vehicle.

     

    As of Jan 2021, there are just 4 suppliers excluding BorgWarner who are offering a combined package(DC-DC Converter and Inverter) i.e. Delphi, Hyundai Mobis, Contitnental and Delta Electronics(in collaboration with GKN). But, in coming years we expect many more suppliers to offer an integrated power electronics package including on board charger to increase their dollar content per vehicle.

     

    In terms of new product development, utilization of GaN HEMTs in onboard chargers is being worked on to increase efficiency to 98% from 94%.  Safety and thermal management are the top 2 areas of research undertaken by on-board charger manufacturers globally as power output of on-board chargers has been continuously increasing.

     

    COMPANIES PROFILED IN GLOBAL EV ON BOARD CHARGER MARKET

    1. Ficosa Corporation
    2. Meta Systems S.P.A
    3. Valeo
    4. Brusa Elektronik AG
    5. Delta-Q Technologies (ZAPI S.p.A)
    6. BorgWarner Inc.
    7. Hyundai Mobis Co., Ltd
    8. LG Electronics
    9. Lear Corporation
    10. VisIC Technologies, Ltd
    11. Hangzhou AODI Electronic Control Co., Ltd
    12. Current Ways, Inc
    13. Innoelectric AG
    14. Toyota Industries Corporation
    15. Leopold Kostal GmbH

     

     

    THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS?

    1. The market size (both volume and value) of global EV on board charger Market in 2022-2027 and every year in between?
    2. Market size and forecast segmented by Application segments by application, charging power and geography
    3. Upcoming electric vehicle platforms and on board charger capacity
    4. Cost breakup and average margin of on-board charger, by sub-components
    5. Global production breakup of EV on board charger market, by suppliers and their OEM relationship
    6. Latest trends in EV on board chargers, by every market segment
    7. Average B-2-B on-board charger price in all segments
    8. Market share of EV on board charger market suppliers in BEV and PHEV segment respectively
    9. Cost advantage for OEMs who manufacture on board chargers in-house
    10. 5 key predictions for next 5 years in EV on-board charger market

     

    To enquire about the report write to us at [email protected]

    Sl no Topic Slide number
    1 Market Segmentation 4
    2 Scope 5
    3 Abbreviations 6
    4 Research Methodology 7
    5 Executive Summary 9-13
    6 Gross margin on EV on board charger and breakup by sub components 15-17
    7 OEM`s Stance on EVs 19-24
    8 Market Size, Dynamics And Forecast By Geography, 2021-2026 26-53
    9 Market Size, Dynamics And Forecast By Electric Vehicle Type, 2021-2026 55-62
    10 Market Size, Dynamics And Forecast By  Charging Power, 2021-2026 64-76
    11 Competitive Landscape 78-81
    12 OE-Supplier Alignment in On-board charger market 83-85
    13 Company Profiles 87-104
    14 Output Voltage rating Market trends 106-107
    15 About Internal bus voltage 109-112
    16 Global EV DC Fast Charger Market- Size, Avg price, Forecast trends,2020-2025 113-118
    17 Global Automotive DC-DC converter market-Market- Size, Avg price, Forecast trends,2020-2025 119-123
    18 Weakness of incumbent on board charger suppliers 124
    19 Unmet needs and Market Opportunity for suppliers 125
    20 Conclusion 126
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