Roland Berger Ev Charging Index Deep Dive Spain
Roland Berger Ev Charging Index Deep Dive Spain
Roland Berger Ev Charging Index Deep Dive Spain
The sales penetration rate for electric vehicles in Spain is 10%. This is below the global
average of 16% but now rising quickly thanks to government incentives, both for
individuals and companies transitioning fleets to EVs. On the charging side, Spain has
launched aid programs to boost the deployment of infrastructure. Subsidies now
average 30% per charging point, with maximums per company and region. There are
also regulations requiring the installation of charging points at petrol stations, car
parks and public buildings.
The main obstacle to charge point deployment isn’t a lack of commitment, but the
inefficiency of the installation processes. It can take up to two years to obtain
authorization or connect to the network, which has meant that 20-25% of total public
charging points already installed cannot operate. As a result, the charging infrastructure
is currently well behind the government's target of 100,000 charge points by 2023.
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EV sales penetration is rising thanks to incentives, but
charge point deployment is limited by the inefficiency of
the installation processes
Public
Home charging
15.9
13.4
16% 20% 21%
10%
0.9 3.4
EV owners are still largely affluent and use their cars for shorter, local trips. We
estimate that 90% of EV owners charge at home or work, which explains Spain’s
vehicle-to-point ratio of 0.9 for private charging – among the top three worldwide.
The ratio for public charging, though, is 13.4 vehicles per charge point, just better
than the global average of 15.9 and significantly inferior to the top-three average of
1.8. As the market matures, the user profile will change – most EV owners will not
be able charge privately, increasing the need for public charge points. Some charge-
point operators (CPOs), such as Zunder, are developing stations with extra customer
services like music and shopping opportunities while vehicles are charging.
The EV charging sector in Spain is very dynamic, with four distinct clusters.
Firstly, the utilities, such as Iberdrola and, to a lesser extent, Endesa, are clearly winning
the battle. They are deploying a lot of charging points throughout the country, both slow
and fast, and have made a strong commitment to this industry.
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Independent CPOs, mainly Zunder and Wenea, have different focuses. While Zunder is
concentrating more on en-route stations, Wenea is installing more destination charge
points. Investment activity has soared in this cluster with several funds taking positions
in these companies. Large international players such as Ionity are still not very present in
Spain, although this will likely change, especially in the fast-charging segment.
Less active are large oil companies like Repsol, CEPSA, BP and Galp. Their deployment
strategies have been somewhat ‘reactive’ to date, mostly structured around partnerships
with utilities, both with and without exclusivity.
The final cluster is OEMs. Tesla is deploying proprietary networks; Porsche has a structural
agreement with Ionity, complemented by agreements with the likes of Iberdrola and Zunder.
Further reading
FLEET ELECTRIFICATION
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CONTACT: JUAN LUIS VILCHEZ
Partner
+34 9 1590-0250
juanluis.vilchez@rolandberger.com
This publication has been prepared for general guidance only. The reader should not act according to any information
provided in this publication without receiving specic professional advice. Roland Berger GmbH shall not be liable for
any damages resulting from any use of the information contained in the publication.