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July 29, 2021

ZF CEO: 13,000 new Europe EV stations needed weekly by 2030

Sheer scale of EV charging infrastructure outlined by German supplier comments.

By Simon Warburton

ZF says around 13,000 new electric vehicle charging stations need to be installed per week to meet the European Commission (EC) target of reaching 6.4m such power installations by 2030.

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The hugely ambitious aim reflects the scale of the challenge facing European countries, as the race to match infrastructure with growing demand for EVs, only intensifies in tandem with demands from Brussels for ever tighter emissions controls.

“If e-mobility wants to be successful, we need infrastructure measures,” ZF CEO Wolf-Henning Scheider told just-auto as the German supplier presented its first-half, 2021 results in a virtual conference from its headquarters in Friedrichshafen on the shores of Lake Constance in southern Germany.

“In Europe for example, per week [we] need to install 13,000 charging stations by 2030 to achieve the EC target of 6.4m charging stations, so the future fleet of e-vehicles can be charged. That will not work unless we have strong support from governments.

“In addition, some of the high technologies will [be] in regions such as China and the US and it’s essential Europe has similar programmes and remains competitive. We are cooperating with governments to accelerate technology.”

ZF is well positioned to capitalise on business opportunities afforded by future mobility trends as it has weathered the worst of the storm thrown at it and other suppliers by the pandemic.

The results from Friedrichshafen show sales in the first half of 2021 rose significantly to EUR19.3bn (US$22.9bn) compared with EUR13.5bn in the first six months of Covid pandemic-hit 2020, a rise of 43%.

Adjusted EBIT was EUR1bn compared with a loss of EUR177m in H1, 2020.

“It is important to take advantage of e-mobility needs,” added Scheider. “This is definitely an essential aspect. I talked about the balance between climate protection, mobility and also, sector jobs. We have a clear focus on e-mobility, wind power, hardware, software, [as well as] new mobility solutions.

“In addition, longer-term trends are accelerating, which is evident in Europe through new highly ambitious CO2 emissions limits. While this increases the demand for all-electric drives, it will be very difficult to strike a balance between climate protection, employment and people’s mobility needs.

“A clear plan for infrastructure development – from power generation and power grids to the charging infrastructure – is essential in helping determine the path forward.”

ZF notes in addition to continuing to work in pandemic conditions, the first half of the year was characterised by immediate effects such as the semiconductor shortage and interrupted supply chains, as well as price increases for raw materials and logistics services.

The company has partially re-adjusted its supply chains and shortened them by increasingly involving local component providers.

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

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