Market potential

The charging of EVs is market ready to boom. Let's have a quick focus on the European area:

Total addressable market (TAM)

→ In 2019, around 1.8 million EVs were driven in the EU. By 2030, this number could reach between 43.6 and 72.5 million EVs according to the IEA. The market potential of charging all these EVs was calculated using data from the IEA and European agencies:
  • Calculated TAM for the EU in 2019: 850 million €
  • Estimated TAM for the EU in 2030: 23 ~ 39 billion € (dependent on achieved governmental objectives)

Potential client profile
IGNIS’s system can cater to a wide range of customers, from within the B2B, B2C and B2B2C sectors.
A primary focus would B2B2C clients such as:
  • Local governments (e.g. counties & metropolitan areas)
  • EV service providers (e.g. Vattenfall InCharge, IONITY)
Competition profile

This concept differs from the current systems in place which are:
  • Grid-powered charging stations 
  • Grid-connected with little power generation capabilities (e.g: solar PV & wind)



P R E V I O U S
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N E X T
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