Navigant Research Report Shows Electric Vehicle Charging Businesses Need to Consider Revenue Streams Outside of Energy Sales to be Competitive

Future successful business models are likely to involve providing
greater value to both consumers and the grid

BOULDER, Colo.–(BUSINESS WIRE)–#ChargingNetworks–A new report from Navigant
Research examines the current state of business models for the
provision of electric vehicle (EV) charging stations and networks.

Until recently, EV charging was considered a niche business with little
profit potential. However, many countries are now experiencing a major
shift toward electric drive, and demand for charging stations is growing
rapidly. Click
to tweet: According to a new report from @NavigantRSRCH,
while large utilities and energy companies are making investments in
vehicle charging networks, the challenge is to develop profitable
business models for charging solutions that can expand EV ownership to
those who do not yet have a dedicated place to charge.

“The market for EVs has been growing steadily over the last decade, and
the prospects are good for stronger growth in both light duty consumer
vehicle and commercial vehicle electrification,” says Scott Shepard,
senior research analyst at Navigant Research. “As the future for
transportation looks to be favoring electric drive, the need for
ubiquitous, simple, safe, and easy rapid charging is essential to
ensuring the long-term elimination of gasoline and diesel from the
options for vehicle fuel.”

According to the report, successful business models of the future are
likely to involve providing greater value to both consumers and the
grid. To stay competitive, Navigant Research recommends market players
take advantage of the potential of vehicle-to-grid integration and
factor disruption into business plans, while automakers leverage
charging to boost EV market demand and hardware suppliers and software
developers focus on further collaborations.

The report, Navigating
the Emerging EV Charging Business Model Landscape, examines the
current state of business models for the provision of EV charging
stations and networks. It provides an overview of some of the business
models in place today and examines the recent new entrants to the
market. The study also explores the potential benefits to be expected
from successful technology investments. Recommendations are provided to
hardware and software suppliers on how to take advantage of the market
potential and to utilities and energy supply companies on planning for
the future. An Executive Summary of the report is available for free
download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Navigating the Emerging EV Charging Business Model
Landscape, is a summary and reflects Navigant Research’s current
expectations based on market data and trend analysis. Market predictions
and expectations are inherently uncertain and actual results may differ
materially from those contained in this press release or the report.
Please refer to the full report for a complete understanding of the
assumptions underlying the report’s conclusions and the methodologies
used to create the report. Neither Navigant Research nor Navigant
undertakes any obligation to update any of the information contained in
this press release or the report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
lindsay.funicello.paul@navigant.com