Business model

Global Growth Opportunities for Wireless Electric Vehicle Charging: IP Licensing Business Model for Faster Time-to-Market –

DUBLIN–(BUSINESS WIRE)–The “Global Wireless EV Charging Growth Opportunities” report has been added to from offer.

2021 was a strong year for electric vehicle (EV) sales, with 6.8 million units sold and a global market penetration of 9.5%, beating industry expectations. Despite the impact of chip shortages on production, the industry exceeded 100% year-on-year growth. The conductive (wired) charging infrastructure has grown to over 500,000 charging points in 2021.

The top 5 countries (excluding China) were the United States, the Netherlands, France, Germany and the United Kingdom. These include AC/DC charging stations, both public and private. In 2022, the wireless or inductive electric vehicle charging market is still in a nascent phase due to a lack of global standards, safety regulations and established business models.

Conductive charging infrastructure is also underdeveloped. Therefore, the most likely adopters of wireless EV charging will be high-end/luxury EV manufacturers who offer it as an add-on feature and the commercial mobility sector. About 90% of wireless charging will be stationary, as dynamic WEVC (under-route) requires large-scale investment and infrastructure overhaul. Of the stationary wireless chargers, 80% will be in private locations, while 20% will be publicly accessible. They will likely use charging stations rather than underground WPT devices.

Hyundai-Kia’s premium sub-brand Genesis is launching its all-new electric vehicle called GV60, built on the E-GMP pure electric platform. The GV60 will offer factory-installed WEVC as an option. The Genesis GV60’s WEVC system will be based on Witricity’s wireless charging technology, which is also J2954 compliant. This is a potential business model for WEVC to penetrate, particularly in the high-end EV and possibly consumer EV market, as Witricity strives to reduce costs.

Main topics covered:

1. Strategic imperatives

  • Why is it increasingly difficult to grow taller?

  • The Strategic Imperative 8™

  • The Impact of the Top 3 Strategic Imperatives on the Wireless Electric Vehicle Charging (WEVC) Industry

  • Growth opportunities feed the Growth Pipeline Engine™

2. Electric Vehicle Market Overview

  • Electric vehicles sold over the past decade

  • Global electric vehicle market, 2021 and 2022E

  • Electric Vehicle Growth and Penetration – Top Countries

  • Growth and penetration of electric vehicles – Major OEMs

  • Commercial EV Market Overview – Battery EV (BEV)

  • Development of electric vehicle charging infrastructure

  • Summary of potential charging models for electric vehicles

3. WEVC Standards and Systems

  • Wireless charging systems and methods for electric vehicles

  • Overview of the different wireless charging methods for electric vehicles

  • SAE J2954

4. WEVC Market Overview 2022

  • Key Electric Vehicle Market Trends

  • Wireless charging for commercial electric vehicles

  • OEM Overview – Premium and Luxury EVs

  • Market developments for WEVC

5. Technology Evolution and Use Cases

  • Technology roadmap

  • Comparative analysis

  • Adoption of different types of business models

  • Strategic locations

6. Sizing of the WEVC market

  • Market estimates in unit/installed sales

  • Estimated Market Size by Revenue

  • Growth engines

  • Growth constraints

7. WEVC Company Profiles

  • WiTricity

  • Power supply without plug

  • Momentum dynamics

  • Momentum Dynamics Wireless Charging Electric Taxi Project

  • Electreon

  • Electreon Projects

  • Magment (high disruptive potential)

8. Universe of growth opportunities

  • Growth Opportunity 1 – Standardized aftermarket solutions to promote WEVC

  • Growth Opportunity 2 – IP Licensing Business Model for Faster Time to Market

  • Growth Opportunity 3 – Electric road systems will provide a new market for construction companies and utilities

  • List of exhibitions

  • Legal disclaimer

Companies cited

  • Electreon

  • Hyundai-Kia

  • Magnement

  • Momentum dynamics

  • Power supply without plug

  • Witricity

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