Norway Electric Vehicle Charging Station Market Research Report, 2030

Norway is extensively acknowledged as a worldwide frontrunner in electric vehicle (EV) adoption, and its EV charging station market is essential in facilitating this change. The nation’s dedication to sustainability, combined with a comprehensive charging infrastructure, has positioned it as one of the most EV-friendly countries globally. Norway’s initiative for electric mobility commenced in the early 2000s, with governmental incentives like tax reliefs, toll-free road access, and complimentary public parking for EVs. These measures fostered EV adoption, and by the mid-2010s, Norway had solidified its position as a frontrunner in EV market share. The establishment of charging infrastructure closely trailed this surge in EV usage, with an increasing number of public and private chargers installed throughout the nation. The Norwegian government’s National Transport Plan 2018-2029 further propelled this progress, establishing ambitious targets to guarantee that all new vehicles sold by 2025 would be zero-emission models. This objective hastened the requirement for comprehensive charging networks, especially along highways and within urban regions. As of 2024, Norway features over 20,000 public charging points, making it one of the highest densities of chargers per capita worldwide. The charging network includes AC chargers for slower, overnight usage and DC fast chargers for quick, long-distance servicing. Companies such as Fortum Charge and Drive, Grønn Kontakt, and Ionity dominate the market in the deployment of these stations, with a significant emphasis on ensuring interoperability and reliability. Norway’s EV charging infrastructure is a vital element of its ambitious sustainability objectives. With strong governmental backing, a high rate of EV adoption, and a widespread charging network, Norway acts as a benchmark for other nations aiming for more environmentally friendly, sustainable transportation. According to the research report, "Norway EV charging station Market Research Report, 2030," published by Actual Market Research, the Norway EV charging station market is anticipated to add to more than USD 2.34 Billion by 2025–30. Norway's market for EV battery stations, although still at a nascent phase when contrasted with traditional charging stations, offers notable opportunities and hurdles as it progresses. This market is fueled by the nation's firm dedication to sustainable transportation and increasing adoption of electric vehicles. Numerous prospects exist within Norway's EV battery station sector, especially in battery swapping and second-life battery usages. Battery swapping has the potential to enhance the existing charging infrastructure by providing quicker turnaround times for fleet operators, including taxis and delivery services. Moreover, the incorporation of renewable energy sources, such as solar power and wind energy, into battery stations provides openings to develop a more environmentally friendly, sustainable charging network. The rising demand for fast-charging stations along major roadways, particularly in less populated and remote areas, signifies substantial potential for growth. Norway's comparatively sparse population density outside urban centers leads to a requirement for stations that are capable of facilitating long-distance journeys. In spite of its potential, the market encounters difficulties, such as high initial investment costs necessary to set up battery stations, especially in rural locations. Furthermore, the lack of standardization in battery technology and the compatibility issues across various EV models could impede widespread acceptance. The primary growth drivers comprise government incentives, like subsidies aimed at EV infrastructure, along with the nation's ambitious environmental objectives, which include the elimination of fossil fuel vehicles by 2025.

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Norway has created an extensive EV charging system, with AC charging and DC charging stations serving vital functions in addressing the varied needs of electric vehicle (EV) owners throughout the nation. The implementation of both varieties of charging points guarantees that users have access to dependable, efficient charging alternatives for different scenarios. AC charging stations are the most frequently utilized charging points in Norway, especially for home and workplace charging. These stations are mainly intended for slower, overnight charging, making them perfect for places where vehicles remain parked for long durations. AC chargers generally function at rates ranging from 3. 7 kW to 22 kW, with the majority of charging stations in Norway falling within this spectrum. AC charging stations are extensively available in urban environments, residential buildings, office complexes, and public parking areas. The ease and cost-efficiency of AC chargers render them the favored choice for everyday use. Companies like Fortum Charge and Drive and Grønn Kontakt have played a major role in the extensive rollout of AC chargers, ensuring broad accessibility throughout Norway. DC charging stations, commonly referred to as fast chargers, are crucial for long-distance journeys and urgent charging requirements. These stations provide faster charging speeds, typically ranging from 50 kW to 350 kW, enabling an EV to charge to 80% in around 15-30 minutes, depending on the vehicle’s battery size. DC chargers are essential for EV users who require rapid recharging, particularly when traveling long distances on highways. DC chargers are thoughtfully positioned along Norway’s primary highways, significant transit spots, and commercial areas. Leading entities like Ionity, Fortum, and Grønn Kontakt are at the forefront of establishing high-speed DC charging networks, ensuring that EV owners can conveniently find fast charging alternatives during lengthy trips. In Norway, AC charging is optimal for daily, slower charging requirements, while DC charging offers quick charging for long-distance travel. Norway has established a multi-tiered EV charging framework, comprising Level 1, Level 2, and Level 3 chargers, all tailored to accommodate different user requirements and foster the extensive adoption of electric vehicles (EVs). Level 1 charging utilizes standard household outlets (230V) and provides slow charging rates of up to 2. 3 kW. This form of charging is generally used in residential environments where an EV can be charged overnight. Though Level 1 is the simplest and most economical option, it is not commonly utilized in public facilities due to its extended charging durations, which can range from 10-20 hours for a complete charge. Nevertheless, it continues to be a practical alternative for home charging, particularly for those with access to private parking. Level 2 charging represents the most prevalent charging type in Norway, delivering speeds from 3. 7 kW to 22 kW. It is appropriate for various environments, such as homes, workplaces, and public parking locations. Level 2 chargers can achieve a full charge in 4 to 8 hours, making them well-suited for routine use, like charging overnight or during working hours. Level 2 stations are commonly found in urban areas, with the Fortum Charge and Drive network being a significant provider of this type of infrastructure. They are increasingly available in residential complexes, enhancing convenience for individuals without access to home garages. Level 3 charging, also referred to as DC fast charging, offers rapid charging speeds that range from 50 kW to 350 kW. Norway boasts a comprehensive network of Level 3 chargers, primarily situated along major highways and transit hubs to assist travelers. Providers like Ionity and Grønn Kontakt are at the forefront of establishing these high-speed stations. Norway's EV battery station market is categorized into public and private charging applications, each fulfilling distinct requirements in the nation’s swiftly growing electric vehicle (EV) ecosystem. Both categories are vital in promoting the acceptance and utilization of electric vehicles nationwide. Public charging stations are accessible to all EV owners and are strategically positioned throughout urban areas, highways, and important commercial zones. These stations are critical for individuals lacking home charging access, particularly in urban settings or for those residing in apartment buildings. Public chargers are also significant for facilitating long-distance travel and are frequently equipped with both AC and DC chargers. The Norwegian government has additionally promoted the installation of charging stations through subsidies and grants, further advancing the development of public charging infrastructure. Private charging stations are generally set up for personal use at residences, workplaces, or fleet depots. Private charging is the most convenient alternative for EV owners with access to dedicated parking spaces, allowing for charging overnight or at work. In Norway, residential chargers are backed by local energy providers and are combined with renewable energy sources like solar power, aiding in lowering charging expenses and enhancing sustainability. Companies such as Fortum and Vattenfall provide solutions for private charging at homes and workplaces, further promoting EV adoption. The public charging network in Norway is vast and facilitates long journeys and urban transportation, while private charging stations deliver convenience for routine daily use. Collectively, they establish a comprehensive system that supports the country’s ambitious objectives for electric mobility and sustainability.

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Nikita Jabrela

Business Development Manager

Major Companies present in the market: ChargePoint Holdings, Inc., Shell, Tesla Inc., BP, ABB, RWE, Siemens, Efacec, BLINK CHARGING co. , Eaton Corporation plc, SCHNEIDER ELECTRIC, WEBASTO GROUP, Leviton Manufacturing Co. Inc., Phihong USA Corp., EV Safe Charge Inc., Tata Power. Considered in this report • Historic year: 2019 • Base year: 2024 • Estimated year: 2025 • Forecast year: 2030 Aspects covered in this report • Electric Vehicle Charging Station market with its value and forecast along with its segments • Region-wise electric vehicle charging station market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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Regions covered in the report • North America • Europe • Asia-Pacific • Latin America, Middle East & Africa By Charging Point • AC Charging • DC Charging By Level of Charging • Level 1 • Level 2 • Level 3 By Application • Public • Private By Connector • GB/T • CCS • CHAdeMO • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to electric vehicle charging station industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.