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Global investment challenge for EV charging infrastructure to exceed 100 bn by 2026

* The electric vehicle (EV) market is growing swiftly but requires the support of a widespread network of rapid charging stations similar to today’s refuelling network

* New research from Siemens Financial Services (SFS) estimates the size of the global ‘investment gap’ for EV charging infrastructure is $45.25 bn from 2021-23 rising exponentially to $104.11 bn between the years 2024-26.

* Smart finance, which makes investments possible and affordable, is urgently needed to enable, maintenance and an accelerated deployment of EV charging networks worldwide

Siemens Financial Services (SFS) has released a new insight study which estimates the ‘investment gap’ required over the next six years to rapidly deploy EV charging networks worldwide. This ‘gap’ represents the difference between EV charging infrastructure already being financed, and that still being paid for out of CAPEX (capital expenditure).

The first in a 3-part series, “Financing Decarbonization: e-mobility” examines the pressure on global charging infrastructure deployment. The urgent need for investment in e-mobility infrastructure is being driven by official road transport emissions targets, which themselves form a key factor in achieving national climate change targets, along with majority public opinion round the world in favour of migrating to electric vehicles.1

The research splits the investment challenge into two segments, first the years 2021-23, then 2024-6, in order to illustrate the growth driven by early adopters versus later mainstream adoption. The stark increase between the two periods emphasises that the very considerable investment challenge is growing at an exponential rate.

The research finds that supporting the trend to EV adoption will require a significant investment to create charging infrastructures throughout the globe.

Smart finance (from specialist private financiers) is being deployed to align investment costs with the expected benefits of charger installations in order to maximise budgets. Take-up of such financing options will influence the rate of deployment for the EV charging infrastructure and will play a determining role in the development of the EV market as a whole.

“Supporting the expected incredible growth of the EV market requires widespread charging infrastructure,” says Jo Harris, Sales Director, Commercial Finance UK, Siemens Financial Services, “Such an investment should be as efficient and sustainable as the technology it supports, which is why smart finance solutions that are outcome based are most suitable to take on this challenge.”


A variety of analyst sources were consulted to arrive at an average estimate of the predicted EV charging infrastructure market 2021-23 and 2023-26. The assessed market comprises moderate, fast and ultra-fast charging units, both AC and DC. It does not include equipment and technology that may become necessary in the development of a national grid as EV take-up rises. These market estimates were then adjusted to reflect the current overall market penetration of financing techniques such as leasing – as such investments are already utilizing third party capital. The two three-year periods, 2021-23 and 2024-26 have been presented to illustrate rate of growth of the EV infrastructure investment challenge.

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