Electric vehicles (EVs) are being delivered by the thousands each month. The power delivery infrastructure that enables vehicles to charge at home, at the workplace, and in public spaces is simultaneously being rolled out. A new report from Boulder, Colo.-based Pike Research forecasts that by 2017 more than 1.5 million locations to charge vehicles will be available in the United States, with a total of 7.7 million locations worldwide. The cleantech market intelligence firm anticipates that increasing demand for charge points will be driven in part by a rapid decline in electric vehicle supply equipment (EVSE) prices, which will require manufacturers to adapt their business models as volumes continue to increase.

“Basic EVSE will quickly become a commodity,” says senior analyst John Gartner. “EVSE prices will fall by 37% through 2017 as costs are driven lower by competition from large electronics companies as well as volume production. In the face of this trend, manufacturers will integrate their equipment with external storage units, home energy management systems, and smart grid equipment to add value and increase their revenue.”

For more on the EVSE report, visit the Pike Research website.