Charging Infrastructure & Networks

Daimler Truck laid out what it says Europe needs to move battery-electric and hydrogen trucks from early adopters into mainstream fleets, including public megawatt chargers, truck-ready hydrogen stations and road tolls that reward zero-emission vehicles, with CEO Karin Rådström making the case at the company's Media Night in Hanover, Germany, ahead of IAA Transportation 2026. Mercedes-Benz Trucks held about 38% of Europe's market for locally CO2-free medium- and heavy-duty trucks in the first half of 2026, and customers have driven the eActros 600 more than 160 million kilometers since series production began at the end of 2024. Heavy-duty battery-electric trucks took 2% of Europe's market in 2025, and Daimler Truck estimates about 35% of new trucks would need to run on batteries or hydrogen by 2030 to meet EU CO2 targets. Europe has fewer than 2,000 public truck charge points today, most of them standard CCS chargers, and Rådström said it needs 35,000 megawatt charging points by 2030, along with 1,000 hydrogen stations, up from around 187 today, most of which supply only 350 bar. On cost, she pointed to CO2-based road tolls, saying the toll difference between a diesel truck and an electric truck in Germany comes out to about 33 to 35 cents per kilometer, but only 13 of the EU's 27 member states have adopted CO2-based tolls. Dachser chief development officer Stefan Hohm said the German logistics provider has 25 emission-free delivery areas in Europe and more than 200 battery-electric trucks on the road, including more than 160 Mercedes-Benz Actros models, out of a fleet of more than 15,000, and called grid access and capacity the main pain point. The eActros Lowliner opened for orders Sept. 15, with series production at the Mercedes-Benz plant in Wörth, Germany, set for the second quarter of 2027, and a small series of 100 Mercedes-Benz NextGenH2 fuel-cell trucks enters customer operations from the end of 2026 with Dachser as the first customer. Daimler Truck is asking the EU for an early review of its heavy-duty CO2 regulation, whose 2030 target calls for a 43% cut in CO2 emissions from new heavy-duty vehicles compared with 2019, and puts the cost of falling short at about €120 million in penalties for each percentage point Mercedes-Benz Trucks misses.

The global electric vehicle charging station market is expected to grow from US$ 63.92 billion in 2025 to US$ 33.28 trillion by 2050, according to a Research and Markets report published on GlobeNewswire. The expansion is driven by rapid EV adoption and infrastructure investment, with public authorities, automakers and private investors prioritizing accessible charging networks. Consolidation is underway as energy companies acquire Charge Point Operators to extend geographic reach and infrastructure control, while AI-driven network management and ultra-fast public charging investment aim to improve efficiency. Asia-Pacific, and particularly China, leads with policy support and extensive network development. Separately, Tesla secured credit facilities totaling $30 billion for general corporate purposes on September 29, 2026, and closed at $354.11, down 0.2%.

ATP30 Public Company Limited, or ATP30, a provider of employee shuttle services in the industrial estates of eastern and central Thailand, said it has adjusted its route plans and fleet management to maintain continuity of service to customers after flooding forced the temporary closure of some routes in Prachin Buri and Rayong provinces, which fall within its service areas. The company assessed the impact as short-term only and said it would not significantly affect overall operations, noting it can switch from electric buses to diesel buses on routes limited by water levels. Chief Executive Officer Piya Techakul said the company continues to prioritise risk management alongside creating business opportunities. In addition, on 18 September 2026, an extraordinary shareholders' meeting approved an expansion of the company's business objectives to formally accommodate the sale of electricity from its commercial Solar Roof & Smart Charger charging stations, building on the infrastructure the company has invested in and uses to support ATP30's own EV fleet. The company plans to open its first commercial charging service in Nakhon Nayok province in October 2026, with a power output of 120 kilowatts across two chargers, before expanding charging stations to other potential areas such as Saraburi, Lopburi, Chonburi and Rayong provinces within 2027, in order to improve asset utilisation and create opportunities for additional revenue.

XPENG delivered 41,256 vehicles in September 2026, a 5% increase over the prior month, with monthly deliveries of the XPENG L03 exceeding 10,000 units. For the third quarter of 2026, the company delivered a total of 118,390 vehicles, marking a 15% increase over the previous quarter. On September 17, 2026, XPENG officially launched the G9L, a premium flagship SUV featuring its latest technologies, in China, with a global launch set for Paris, France, in October. On September 22, 2026, XPENG began rolling out XOS 6.3.0 in China, powered by the latest version of its VLA 2.0 model. As of September 30, 2026, XPENG's self-operated charging network in China covered more than 430 cities and comprised over 4,000 stations, including more than 3,510 ultra-fast charging stations, with over 22,200 charging piles in total, and on September 15, XPENG opened its first-ever X-Energy megawatt ultra-fast charging station in Hong Kong.

IONNA, the charging network founded by eight of the world's leading automakers, announced it has surpassed more than 180 live charging sites nationwide, more than doubling the size of the network since the beginning of 2026. The growth comes alongside a first-place ranking among DC Fast Chargers in the JD Power 2026 U.S. Electric Vehicle Experience Public Charging Study, earned in IONNA's very first year of eligibility, and the company says it is the largest 400kW charging network in the US. Since announcing its strategic partnership with Circle K earlier this year, IONNA has brought 40 Circle K charging locations online, doubling usage at those locations following upgrades to IONNA operations. Supported partner apps have grown to 19 with new integrations across Presto, ChargeHub and EV Connect, while Plug & Charge is newly enabled for Volvo drivers and Toyota and Lexus support is anticipated in October; Hyundai and Mercedes-Benz have joined BMW and GM in offering charging discounts through their apps and Plug & Charge. IONNA also founded a Driver Advisory Council co-captained by Kyle Conner of Out of Spec and Tom Moloughney of State of Charge, whose first priority will be gathering feedback on the newly launched Driver's Dashboard. "The industry has treated charging scale and charging quality as a tradeoff," said Seth Cutler, CEO of IONNA. "Our growth and first-place customer satisfaction ranking show that drivers can and should expect both."

Critical Loop announced that its software-defined power controller, Cygnus, has achieved official CSIP 2030.5 certification and completed interoperability testing with Pacific Gas and Electric Company, joining the utility's Flex Connect Approved Solution Providers list. Combined with its existing UL 3141 listing, Cygnus is the first power controller on the market to hold both certifications, giving customers broad compatibility across utility environments including PG&E and Southern California utilities. The milestones support flexible interconnection, an approach California is embracing to accommodate rapidly growing electricity demand without waiting years for traditional grid upgrades. PG&E's Flex Connect program currently supports five operational sites, including commercial EV fleets, public fast-charging infrastructure and battery energy storage systems, with more than 85 additional projects in the active pipeline. Critical Loop, a finalist in PG&E's 2025 Innovation Pitch Fest, said it is now actively onboarding commercial and industrial customers across California, offering a path to full operations in months rather than years.

EVgo Inc. has announced a next-generation charging system capable of delivering up to 750kW of charging power. Design, development, and testing of the new charger are being carried out at EVgo's Innovation Lab in El Segundo, California, with co-development support from longtime partner Delta Electronics, making EVgo one of the only American charging networks to design its own chargers. CEO Badar Khan said the 750kW architecture future-proofs the network, noting that charge rates on the EVgo network are up nearly 20% over the last two years. The design draws on learnings from 1.8 million customer accounts and data from over 10 million sessions per year, and includes better cable maneuverability, a touchless payment interface, and NACS connectors as part of EVgo's strategy to double its addressable market. The system is expected to charge the fastest charging vehicles in the U.S. market in around 10 minutes, and the final charger design is expected to be unveiled in 2027 as EVgo begins deploying the new architecture.

Ittirit Nice Corporation Public Company Limited, or ITTHI, is preparing to sign additional government project contracts worth approximately 380 million baht. It has already signed 40 million baht and is awaiting the signing of roughly another 340 million baht within October, an increase from its earlier estimate of 220 million baht. Chief Executive Officer Thanaset Akarabunyaphat told Than Hoon that although the signing of contracts for some projects was delayed in the first half of 2026, causing revenue to slow, the third quarter has begun to stabilise and the fourth quarter is expected to recover fully, allowing full-year revenue to grow higher than last year. Currently, the company has a backlog awaiting revenue recognition of about 535 million baht, divided into 300 million baht in government project work, 200 million baht in real estate work, 30 million baht in the EV charging station business, and 5 million baht in solar rooftops. When the additional signed contracts are included, the backlog will exceed 600 million baht. In the EV charging station business under the Gridex brand, 20 stations have been installed, 11 are already open for service, nine are awaiting grid connection from the electricity authority, five are under construction, and five are awaiting new contracts. The company targets revenue of 100 million baht in 2027 for its EV subsidiary group. As for the solar rooftop business, it expects loan approval from financial institutions by the end of September, with 20 megawatts of power purchase agreements in hand. It expects to complete installation of about 6 megawatts this year and has a long-term plan for the solar business to grow to 1 billion baht or more. ITTHI has total cash on hand of approximately 300 million baht. It has already invested about 60 million baht in expanding the EV business and around 60 to 70 million baht in the solar business, for total investment of approximately 120 million baht, leaving more than 180 million baht in available cash.

Geely agreed to acquire a 30% stake in NIO's battery-swapping business in a deal valuing the unit at roughly $2.4B, sending NIO shares up 2%. Zhejiang Geely Holding Group will contribute its commercial-vehicle battery-swapping business and pay 640M yuan, or $95M, in cash, and the two companies are discussing Geely's adoption of NIO's battery-swapping technology for its passenger and commercial vehicles while opening the charging and swapping collaboration to other industry participants. Gold Fields shares plunged 13% after Northern Star Resources rejected its $27B takeover proposal, saying the offer materially undervalued the Australian gold miner. Gold Fields proposed acquiring Northern Star through a combination of 0.3125 Gold Fields shares and A$7.25 in cash for each Northern Star share, initially valuing the target at A$38.7B, a 22% premium to its Sept. 11 closing price, though based on Gold Fields' Sept. 25 closing price the implied value had fallen to A$36.1B. Northern Star's board unanimously rejected the proposal, calling it highly opportunistic. Kodiak Sciences shares rose 7% ahead of the company's planned release of topline results from the DAYBREAK Phase 3 study evaluating Zenkuda, also known as tarcocimab tedromer, and KSI-501, also known as tabirafusp alfa tedromer, in patients with wet age-related macular degeneration, with results scheduled to be reported today at 8:30 AM Eastern Time.

Phichai Panjasang, Chief Executive Officer of AJ Advance Technology Public Company Limited, or AJA, disclosed that the company has benefited significantly from its Alibaba.com business, for which it serves as an Official Partner in Thailand. Customer response and interest have grown by roughly 20-30%, as many small and medium-sized enterprises, or SMEs, and Thai businesses have turned to expanding into overseas markets to generate new revenue amid shrinking domestic purchasing power. As a result, sales in the company's electric motorcycle business declined, while its athletic footwear and sporting goods distribution business continues to operate as normal. On the clean energy side, the company has signed a cooperation agreement and begun a Proof of Concept, or POC, pilot project with J&T Express, installing solar power systems on the rooftops of transport stations, EV charging stations, and battery swap cabinets. The installation of solar cells at the first branch is expected to be completed by early October, with full end-to-end testing of the station, battery, and electric motorcycle systems set to begin within November. If the POC results meet their targets, AJA plans to expand this clean energy ecosystem to J&T Express branches nationwide. Meanwhile, the company will hold an extraordinary shareholders' meeting on October 2 to seek approval for a convertible bond issuance of up to 700 million baht. Management stated that this is not new debt but a renewal of an existing facility previously approved by a shareholders' meeting. The original facility expired because the company carried out a private placement, which changed the shareholding proportion of existing shareholders and the capital structure, requiring a new shareholder resolution in accordance with the rules of the Securities and Exchange Commission, or SEC, and the Stock Exchange of Thailand.

Southern Finance reported on September 28 that Huati Technology and Zhongming Huihang Chengdu New Energy Technology Co., Ltd. signed a strategic cooperation agreement on charging station projects on September 28. The two parties established a long-term strategic partnership to jointly promote the investment, construction, and implementation of heavy-duty truck charging station projects nationwide. According to Huati Technology's official WeChat account, the two sides will carry out in-depth cooperation in areas such as EPC general contracting, planning and design, and supporting engineering construction for heavy-duty truck charging stations.

TD Cowen told clients on Tuesday that the recent selloff in auto stocks over fears of Chinese automakers entering the US market is "overdone," as President Xi Jinping arrives in Washington on Wednesday for three days of talks with President Trump. Senior analyst Itay Michaeli wrote that a shift in US import policy at the summit is "very unlikely," though he urged investors to prepare for that eventuality anyway, noting that most industry contacts share that view. A coalition led by the Alliance for Automotive Innovation, joined by the American Automotive Policy Council, dealer group NADA, and supplier association MEMA, sent a letter to Trump urging the administration to "keep the door firmly shut to Chinese automakers seeking to sell, import, or manufacture vehicles inside the US," crediting Trump's 100% tariffs on Chinese vehicles and a Commerce Department rule barring Chinese connected-car software with shielding the US from the surge seen in Europe, Australia, Southeast Asia, Mexico, and South America. TD Cowen laid out guardrails under which Chinese automakers could be forced in through minority-owned joint ventures with domestic players and probably barred from building full-size trucks, and Michaeli argued such structures "might even prove EPS accretive given sizable D3 EV losses," with Stellantis arguably having the most to gain given its lower North America EBIT starting point. The firm sees EV suppliers and charging networks like ChargePoint and EVgo as beneficiaries of faster US EV adoption, and parts makers with existing ties to Chinese OEMs, including BorgWarner and Aptiv, as "better positioned" than most, while the math is mixed for EV pure-plays Tesla, Rivian, and Lucid. The catch, per Michaeli, is that Big Three stock multiples could still suffer on the long-term risk that any initial restrictions eventually get lifted.

BYD Company Limited has rolled out its most advanced European commercial vehicle portfolio, anchored by the flagship ETT 44, which supports ultra-fast charging of up to 1.5MW and can add more than 400 kilometers of range in 20 minutes. The lineup also includes rigid trucks such as the T020 and T028, vocational vehicles for last-mile delivery and municipal applications, and fully electric yard tractors. In May 2026, BYD introduced Full Damage Coverage for its Urban Navigate on Autopilot function under the God's Eye driver assistance system in China, making it the first automaker to offer dual coverage for advanced driver assistance features, and the company plans to invest more than RMB 100 billion in intelligent driving R&D. In March 2026, BYD introduced its self-developed FLASH Charging technology, capable of delivering up to 1,500kW through a single connector, alongside the second-generation Blade Battery, which increases energy density by 5% while substantially improving charging performance. BYD reported an 18% year-over-year increase in global sales to 440,293 units in August 2026, marking its fourth consecutive month of growth after eight months of declines, driven by a 134% surge in overseas sales to 189,466 vehicles.

Luceco reported higher first-half revenue and profit, led by rapid growth in energy-transition products, and said it now expects full-year adjusted operating profit to exceed market expectations. Revenue rose 13.4% to £142.6 million in the first half, while adjusted operating profit increased 14.5% to £15.8 million, adjusted profit before tax climbed 19.4% to £12.9 million, and adjusted earnings per share rose 13.6% to £0.067. Energy-transition revenue more than doubled to £18 million, up 119.5%, while the rest of the core business grew 6.5%, and the board raised the interim dividend by 16.7% to £0.021 per share. Adjusted free cash flow was an outflow of £2.1 million as the company built inventory for anticipated second-half demand and invested in EV infrastructure, though bank leverage improved to 1.5 times EBITDA from 1.6 times. New chief executive Thorsten Müller, who joined at the start of September, said he would provide fuller views at the company's full-year results in March, and management said growth in EV charger sales should support revenue from its Demand Flexibility charger-management platform, which has more than 30,000 active chargers.

Li Auto launched its six-seat flagship battery-electric SUV, the Li i9, on Sept. 16, 2026, with a starting price of RMB369,800 and deliveries beginning the same week. The model features an 800-volt 5C high-voltage charging platform, Li Auto's latest-generation proprietary electric motors and the company's MACH M100 chip. The launch came as Li Auto reported second-quarter 2026 deliveries of 98,330 vehicles, down 11.5% from 111,074 units a year earlier, with total revenues falling 15.1% year over year to RMB25.7 billion and vehicle sales down 16.7% to RMB24.1 billion. Vehicle margin fell to 9.4% from 19.4%, gross margin dropped to 11% from 20.1%, and the company swung to a net loss of RMB1.7 billion from net income of RMB1.1 billion a year earlier. Li Auto ended June with a cash position of RMB87.5 billion and plans approximately RMB6 billion in capital expenditures for 2026, including investments in its supercharging network, which had more than 4,100 stations and 22,800 charging stalls by the end of July.

EnBW, operator of Germany's largest fast-charging network, has launched XCharge's new C7 high-power charger within its nationwide fast charging network, with the units now operating at EnBW's flagship charging site at its headquarters in Karlsruhe and at its fast charging hub in Nettetal near the Dutch border. The C7 delivers up to 480 kW of charging power and is designed to support the next generation of electric vehicles with ever-higher charging capabilities. The deployment follows the long-term partnership announced by EnBW and XCharge in February 2026, which was based on a successful field test in which XCharge charging stations demonstrated their reliability, performance, and safety across tens of thousands of charging sessions. EnBW already operates more than 9,000 fast charging points across Germany, and the new 480 kW technology will primarily be deployed at locations where customers typically spend only a short time, such as fast charging parks along Germany's major highways; depending on the vehicle, it can deliver up to 640 km of driving range in just 20 minutes. By the end of 2026, EnBW plans to bring a further double-digit number of fast charging parks equipped with XCharge's C7 480 kW charging technology online across Germany.

The State Railway of Thailand is not involved. This is a collaboration between National Telecom Public Company Limited, or NT, and MEA Smart Energy Solutions Company Limited, or MEAei, to develop a Smart EV Ecosystem Management project. Suwanna Hansajarupan, Senior Executive Vice President for the Enterprise Business Division at NT, and Patra Suwandech, Director and Acting Managing Director of MEAei, signed the agreement, with Associate Professor Dr. Rangsan Wongsan, Chairman of MEAei, presiding over the ceremony at NT's headquarters on Chaeng Watthana Road. Under this collaboration, NT will put its existing non-telecom space nationwide to strategic use and will support communications networks and digital platforms such as cloud computing, data platforms, charging management systems, cybersecurity, and IoT platforms. The two organizations will develop the project under the name NEXA EV Station Hub, which comprises the concepts N for National Network, NT's nationwide network; E for Energy Ecosystem, MEAei's energy ecosystem; X for Experience and Connection, user connectivity and experience; and A for Access for All, access to services for everyone. The goal is not merely to increase the number of electric vehicle charging stations, but also to cover the development of digital infrastructure and data management systems in order to create an EV ecosystem that links various services in a fully integrated way.

Tesla said it will operate public Megacharging locations at three electric-truck depots being developed by Forum Mobility in California, adding a combined 30 megawatts of charging capacity using Tesla's Megawatt Charging System alongside CCS connectors. The announcement came as Tesla shares climbed about 1% Friday morning, lifted by a broader move into consumer-discretionary stocks that also boosted automakers. General Motors, Ford and Stellantis all gained on Thursday, while the consumer-discretionary ETF rose faster than the broader S&P 500, suggesting the advance was partly tied to sector-wide buying rather than a single Tesla catalyst. Broader market conditions were supportive as well, with oil prices falling about 2% and the 10-year Treasury yield declining, helping ease pressure on equities. Tesla's gain therefore reflects both the new charging-network development and the wider rebound across consumer and automotive stocks.

Xeal launched Laitent, which it calls the world's first edge inference compute network using idle EV charging capacity, tapping more than 200MW of permitted, installed electrical infrastructure across 1,600+ properties. Xeal, a member of NVIDIA Inception, plans to deploy over 100,000 NVIDIA GPUs alongside EV charging infrastructure, and has secured partnerships with Rafay Systems for AI infrastructure orchestration, Spectrum Business for dedicated enterprise-grade fiber, dozens of real estate and property managers, and a Tier 1 inference provider for up to 5MW of compute. The first Laitent Pod will be brought online with partner JVM Realty by the end of 2026. Each Laitent Pod is about the size of one parking space, contains up to 48 NVIDIA Hopper or Blackwell Ultra GPUs, requires no water hookup, and runs quiet at less than 65 decibels, offering sub-20ms latency in metro areas. Xeal said EV charging sites typically operate at less than 10% of permitted capacity, and it taps the remaining 90% for compute, with property owners able to add as much as $1m in property value for little-to-no upfront investment. Looking beyond the initial 200MW of installed charging capacity, Xeal plans to unlock over 1GW of existing headroom across real estate and EV charging deployments.

Tesla will operate high-power charging stations at three new Forum Mobility electric truck depots in California, expanding the charging network its Semi heavy-duty truck needs to grow. The sites in Ontario and Oakland will use Tesla's Megawatt Charging System alongside standard CCS charging ports, and Forum is adding 30 megawatts of charging capacity across them. At Forum's Santa Fe facility in Rancho Dominguez, fleet operators have committed to more than 330 Tesla Semis, and the depot will also serve other commercial electric trucks. Forum already operates Tesla Megachargers at its Port of Long Beach location, which opened in late 2024. Tesla is preparing to take the Semi beyond North America, with a European launch planned for next year, making California an important proving ground for whether growing charging access can turn early fleet commitments into a broader Semi rollout.

The Energy Policy and Planning Office, or EPPO, reported that primary commercial energy consumption in the first six months of 2026 was approximately 2,062 thousand barrels of oil equivalent per day, up 0.9% from the same period a year earlier, in line with Thai economic growth of 2.4%. EPPO Director Wattanapong Kurovat said electricity use rose 6.0%, with total electricity consumption of 109,846 gigawatt-hours, and natural gas use increased 8.5% to 4,937 million cubic feet per day. Refined oil consumption fell 0.8% to 142.7 million liters per day, partly a result of higher prices amid uncertainty from the conflict in the Middle East. Coal and lignite use dropped 16.5% to 5,899 thousand tons of oil equivalent, with lignite down 52.5% because the Mae Moh power plant halted some of its generating units, while carbon dioxide emissions from energy use fell 0.4% to 121.0 million tons of CO2. In the land transport sector, electricity use at charging stations rose 87.1%, consistent with cumulative registrations of BEV electric vehicles as of June 2026 reaching 491,496 units, up 66% from 296,813 units in June 2025. EPPO expects energy demand for all of 2026 to rise 1.4%, but says the Middle East conflict, uncertainty over US trade measures, and weather factors still need to be monitored. Dubai crude oil stood at 126.70 US dollars per barrel on September 14, 2026, and the average Asian LNG price over the first eight months of the year was 16.70 US dollars per million BTU, higher than the 2025 average of 12.16 US dollars per million BTU.

New registrations of battery electric vehicles in Europe rose 54.2% year-on-year in August, accounting for roughly one in three new cars sold and far outpacing forecasts for 2026. According to data from E-Mobility Europe, New Automotive and Fierce Automotive, BEV registrations across 16 major European markets rose to 202,833 units, giving fully electric vehicles a market share of 30.5%. BEV registrations across Europe as a whole have exceeded 1.67 million units since the start of the year, up 33.1% from the same period a year earlier. T&E had forecast a BEV share of 23% in the EU this year, while Rho Motion expected around 21% for Europe as a whole, but BEV registrations in the 16 markets have risen 33.1% year-to-date, exceeding forecasts for the combined plug-in market of BEVs and plug-in hybrid vehicles. By country, France's BEV market share rose to 38.3% in August and Germany's to 32.5%, with fully electric registrations reaching 36,159 units in France and 68,980 units in Germany. Among Europe's most electrified markets, Norway led with a BEV share of 98.7%, followed by Denmark at 85.9%, Finland at 52.3%, the Netherlands at 48.9%, Belgium at 46.2% and Portugal at 36.1%.

TMBThanachart Bank, or TTB, has partnered with PTT Oil and Retail Business, or OR, to launch the ttb fleet card, the first card in Thailand to combine fuel purchases at PTT Station service stations and electric vehicle charging through the EV Station PluZ charging network in a single solution. Kanokporn Chutha, Head of TTB Business Product Management, and Piman Puengsri, Senior Executive Vice President of OR's Oil Retail Business, jointly developed and expanded this product. The ttb fleet card allows business customers to track, monitor, and control energy expenses in real time, and to set card usage permissions themselves through the ttb web fleet portal, increasing transparency and reducing paperwork. It supports both internal combustion engine vehicles and electric vehicles, as well as the Top Up Card, Top Up Plus Card, and Privilege Card products. The ttb fleet card is also part of TTB's Total Business Car Solutions, which covers everything from vehicle procurement and liquidity enhancement to risk management and energy cost management.

Singapore's electric vehicle market is forecast to grow 7.9% annually to reach US$1.17 billion in 2026 and approximately US$1.58 billion by the end of 2030, according to the Databook Q2 2026 Update added to ResearchAndMarkets.com. The market, which grew at a compound annual growth rate of 7.2% between 2021 and 2025, is projected to maintain a 7.7% CAGR from 2026 to 2030, rising from US$1.09 billion in 2025. The report tracks more than 100 key performance indicators across vehicle type, drive type, vehicle class, powertrain, propulsion type, distance range, charging type, charging infrastructure, connectivity and key players. Wider model availability from BYD, Tesla, Hyundai, BMW and Mercedes-Benz is intensifying competition, while the Land Transport Authority has awarded contracts for 660 electric buses to suppliers including ST Engineering Mobility Services with CRRC, BYD, Yutong, and Cycle & Carriage Automotive with Zhongtong. Shell Singapore, SP Mobility and Charge+ are among the companies developing the country's charging ecosystem, and partnerships such as Grab with WeRide and Momenta, and ComfortDelGro with Pony.ai, point to a convergence of electrification and autonomous mobility. Reuters reported that BYD led Singapore vehicle sales during the first four months of 2025, ahead of Toyota and Tesla, with additional Chinese brands including Chery, Deepal and Dongfeng widening consumer choice.

Blink Charging reiterated its goal of reaching approximately EBITDA breakeven by the end of 2026 while accelerating its buildout of DC fast-charging infrastructure. The company reported second-quarter revenue of just under $22 million and gross profit of $8.4 million, with GAAP gross margin of about 39% and adjusted, non-GAAP gross margin of nearly 48%, and it narrowed its quarterly EBITDA loss to $2.2 million from nearly $8 million a year earlier, a figure that would have been about $1.4 million excluding the sale of its Envoy EV car-sharing business. Blink said it raised $18.5 million on a net basis in December, mostly earmarked for capital expenditures on DC fast-charging stations, and currently has 25 sites under construction that are expected to add about 118 electrified charging stalls by year-end, part of a plan to reach 169 DC fast-charging sites and more than 500 electrified stalls by the end of the year. The company, which operates in the U.S., United Kingdom and Belgium and owns and operates approximately 7,000 charging stations, is shifting capital spending away from Level 2 AC charging equipment toward DC fast charging, and it targets increasing recurring revenue from roughly 50% to 60% of its mix today to 80% by 2028. Blink also highlighted its EnergyConnect energy-management platform, now expanded to 45 sites from an initial 11 company-owned locations, which it estimates saves about $360,000 in annual electricity costs across those sites and could represent a roughly $115 million opportunity over the next five years.

Energy Absolute, or EA, disclosed that the Bangkok E-Bus Programme has delivered greenhouse gas reductions from its 2025 operations totaling 57,327 ITMOs to the KliK Foundation in Switzerland, bringing cumulative deliveries to 108,960 ITMOs. The programme is just one part of EA's Green Energy Ecosystem, which links clean energy, batteries, electric vehicles, charging infrastructure and carbon management together. The Bangkok E-Bus Programme puts more than 2,000 electric buses into service in Bangkok and its vicinity to replace buses running on diesel and natural gas, and the greenhouse gas reductions from actual operations can be measured, verified, certified and transferred internationally under Article 6.2 of the Paris Agreement. Chatpol Sriprathum, Chief Executive Officer of EA, said the programme is a clear example that EA's Green Energy Ecosystem can create value along the entire chain, and noted that ESG is not separate from the core business but is part of the company's growth strategy.

China aims for 70% of new vehicles sold in the country to be electric or hybrid by 2030 under its latest five-year automotive industry plan, drafted by nine government agencies and published on Friday. The 15th Five-Year National Economic and Social Development Plan also targets 40% of new commercial vehicles sold by 2030 to be electric, while expecting several Chinese automakers to rise into the world's 10 largest carmakers and to play a bigger role in setting global automotive industry standards. Currently, BYD, SAIC Motor and Geely Automobile rank among the world's 10 largest automakers by sales last year, but still lag the top three of Toyota Motor, Volkswagen and Hyundai Motor Group. The previous plan in 2021 had targeted EVs and hybrids at 20% of new car sales by 2025, but China far exceeded that goal, with data from the China Passenger Car Association showing the share rose to 54% last year, and new energy vehicles most recently accounting for 65% of car sales in August. Although the plan sets no numerical target for autonomous driving cars, its emphasis on expanding the use of driverless vehicles is a positive signal for the industry, after China suspended approval of new Robotaxi permits for several months this year following system failures in Baidu's vehicles in Wuhan. China's domestic car market is facing challenges, with car sales in the first eight months of this year down 21%, while a prolonged price war erodes manufacturers' profit margins. Beijing has therefore issued more than half a dozen new standards and regulations, covering everything from door handles and driver-assistance technology to batteries, to raise safety levels, and said in the plan that it wants to push forward reform of automakers, encourage mergers and acquisitions, and open the way for inefficient manufacturers to exit the market to ease the industry's overcapacity problem. Battery technology and recycling are another key agenda item, with the plan calling for standards for new forms of battery cell technology such as solid-state batteries, as well as improving the recovery and reuse of key metals including lithium, cobalt and nickel.

The Federation of Thai Industries (FTI) has come out in support of the principle of restructuring the automotive excise tax, after the National Electric Vehicle Policy Committee, or EV board, approved the principle at a joint meeting with the government sector on 10 September, assigning the Excise Department to work out the details for submission to the Cabinet. Pimjai Leeswadnukul, president of the FTI, said the EV board meeting considered the principle of restructuring the automotive excise tax in order to use tax measures to drive real investment and domestic production, promote the use of local parts and raw materials, create fair competition, and push Thailand to become a global automotive production and export base. Data presented at the meeting showed that in the first seven months of 2026, BEV registrations totaled 126,950 units, up 88%, and xEV vehicles together accounted for 55% of all vehicle registrations. Meanwhile, the Board of Investment (BOI) has promoted investment in the electric vehicle industry and related businesses across 189 projects worth 151.372 billion baht, including plans to install 23,135 charging outlets and additional investment plans by domestic manufacturers totaling more than 50 billion baht. Pimjai said Thailand's automotive and parts industry across the entire supply chain generates more than 10% of GDP, involves more than 2,500 companies, and is linked to more than 800,000 jobs. Therefore, measures must be set to deliver concrete benefits that extend to parts makers, supporting industries, and SMEs. She added that the FTI is ready to act as an intermediary between the government, car manufacturers, parts makers, and related associations to gather information and proposals from the industrial sector so that measures can be formulated appropriately, clearly, and in a way that can actually be implemented.

The EV Board has approved a plan to restructure excise taxes on electric vehicles into three tiers, aimed at encouraging manufacturers to invest more and use more locally produced parts. Vehicles made in Thailand with high local content will receive the lowest tax rate, while imported vehicles from operators without a production base in Thailand will be taxed at the highest rate. A subcommittee will also be set up to accelerate development of the battery supply chain, used batteries, and EV charging infrastructure. The research arm of Kasikorn Bank sees this as positive for auto parts stocks and industrial estate operators that stand to benefit from production relocation and increased local content, while importers of fully assembled EVs may face pressure from the new tax structure.

Regency Centers Corporation and EVgo Inc. are expanding their partnership to add more than 400 EVgo charging stalls at Regency locations across the United States, a build-out expected to expand Regency's EV charging infrastructure footprint by more than 20%. The relationship dates to 2020, when EVgo installed its first charger at a Regency center, and EVgo now operates more than 150 stalls across Regency locations. The new stalls are expected to be located at metropolitan-area retail centers in Colorado, Florida, Illinois, New Jersey, New York, Pennsylvania, Texas, Virginia and other states, with each new EVgo site potentially featuring up to 24 high-power chargers capable of delivering a full charge within 15 minutes depending on the vehicle. Regency's 2025 corporate-responsibility highlights show EV charging stations already installed at 33% of properties, while second-quarter 2026 Same Property net operating income rose 3.8%, leased occupancy reached 96.9% and the company maintained about $1.5 billion of revolver capacity.

Researchers at China Petroleum & Chemical Corporation, known as Sinopec, expect China's electric vehicle penetration rate to keep rising and reach 75 to 80 percent by 2030. Wang Fuli, deputy director of the Sinopec Economics and Development Research Institute, told an APEC conference in Singapore that EVs are expected to displace 56 million tons of oil demand in China this year, equivalent to about 1.2 million barrels per day, or nearly 15 percent of the country's total refined petroleum product demand. EV penetration in China was just 5 percent in 2020, but rose to 53 percent last year and reached 65 percent in July. The figures include both battery electric vehicles and plug-in hybrids. According to Wang, nearly all of China's public transport vehicles are now electrified. She cited past government subsidies and the country's extensive charging infrastructure as factors behind the rapid adoption.

Rivian's much-hyped R2, which began customer deliveries on June 9, 2026, is about more than boosting sales—it underpins a strategic partnership with Uber that could unlock high-margin recurring revenue. Uber will invest up to $1.25 billion in Rivian through 2031, contingent on meeting certain milestones, and plans to deploy 10,000 fully autonomous R2 robotaxis in the first phase of their joint venture, with initial deployments in San Francisco and Miami in 2028 and expansion to 25 additional cities by 2031. The companies may negotiate the purchase of up to 40,000 additional R2 vehicles starting in 2030. Uber will pay licensing fees for Rivian's autonomous driving software, a recurring revenue stream that could significantly boost gross profits. Analysts note that robotaxi potential drives a substantial portion of Tesla's valuation—Ark Invest estimates 88-90%, Bank of America 52%, and Morningstar about 30%—highlighting the potential value for Rivian.