Finland has a small market share as compared to other European economies however a significant growth of around 20% over the forecast period in the electric vehicle charger market will be witnessed. Finland electric vehicle charger market is forecast to augment at a double-digit growth rate during the forecast period, 2019-2025. As per the International Energy Agency, the charging point in the country has been increased to 931 in 2018 as compared to 267 in 2013. Cohesive government regulations, subsidies by the government are the major factors augmenting the market. In 2016, the country announced a target of 250,000 passenger light-duty vehicle EVs by 2030.
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Some of the major automakers operating in the country include Volkswagen, Volvo, BMW, Hyundai, Audi, Tesla and so on that are influencing the market growth. In 2016, the Ministry of Employment and Economy allocated more than $5 million for developing public charging infrastructure. A company can get up to 35% of the charging investment and around 30% capital share of leasing expenses. In 2017, the Finnish Housing Finance and Development Centre has allocated more than $1.65 million in subsidies for housing and others that build charging points. The organization can apply for a subsidy up to 35% or $100,000 for charging points when they build charging points for at least five vehicles.
Finland electric vehicle charger market is divided based on ownership, charger type, and connector type. On the basis of ownership, the market is segmented into public and private. Moreover, by charger type, the market is bifurcated into slow chargers and fast chargers. By connector type, the market is segmented into AC connectors and DC connectors. AC connector market is further analyzed into Type 1, Type 2 and other chargers, whereas the DC connector market is further analyzed into CHAdeMO, Combined Charging System (CCS), Type 2 (Tesla) chargers.
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Finland Electric Vehicle Charger Market Segmentation
By Ownership
- Public
- Private
By Charger Type
- Slow Charger
- Fast Charger
By Connector
- AC Connectors
- Type 1
- Type 2
- Other (Domestic Socket)
DC Connectors
- CHAdeMO
- Combined Charging System (CCS)
- Type 2 (Tesla)
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