The Impact of EV and Charging Infrastructure Growth on Electronic Component Demand in 2025
2025/04/29
Ξεφυλλίζω: 18
1. Overview of New Energy Vehicles and Charging Infrastructure Development
1.1 Trends in New Energy Vehicle Adoption
In the first quarter of 2025, battery electric vehicle (BEV) sales in China reached 6.3 million units, up 23% year-over-year, while plug-in hybrid electric vehicles (PHEVs) grew by 76% to 3.4 million units, and extended-range electric vehicles (EREVs) surged by 79% to 1.2 million units. New energy vehicles accounted for nearly half of all new vehicle sales in the country.In the UK, the market share of new energy vehicles stood at 19.4% in March 2025, still falling short of the government’s 28% target, prompting industry groups to call for greater investments in charging infrastructure and policy support.
1.2 Expansion of Charging Infrastructure
In Europe, four major charging operators — Atlante, Ionity, Fastned, and Electra — have formed the Spark Alliance, planning to deploy 1,700 stations and 11,000 charging points across 25 countries, supporting ultra-fast charging up to 400 kW.The European Commission estimates that around 3.5 million new public charging points must be installed by 2030, nearly three times the current deployment rate.In the U.S., the National Electric Vehicle Infrastructure (NEVI) funding program, valued at $5 billion, was temporarily paused in February 2025, sparking appeals from major automakers like General Motors and Toyota to accelerate the process.Pakistan lowered EV charging tariffs by 45% from January 2025 to stimulate investment in infrastructure while utilizing surplus electricity generation capacity.Research by Rabobank forecasts that EV charging could add 100–185 TWh of electricity demand by 2030, accounting for 2.5%–4.6% of total U.S. power consumption.
2. Impact on Electronic Components Demand
2.1 Power Semiconductors: SiC and GaN Applications
The proliferation of 800V architectures and ultra-fast charging (≥350kW) is driving widespread adoption of silicon carbide (SiC) and gallium nitride (GaN) power devices in on-board chargers (OBCs), inverters, and DC fast chargers (DCFCs).Materials supplier Mersen announced delays in reaching peak SiC demand, now expected by 2029, illustrating both the cyclical nature and long-term potential of this sector.Reports highlight that third-generation semiconductor materials (SiC, GaN) are becoming core technologies for EVs and charging systems, pushing the evolution of power modules and thermal management systems.STMicroelectronics projects inventory normalization by mid-2025, with automotive and industrial demand rebounding in the second half of the year.Infineon Technologies raised its 2025 revenue guidance after reporting strong automotive semiconductor sales, underlining its leadership in this segment.
2.2 MCUs, Sensors, and Communication Modules
Sub-systems like battery management systems (BMS), body domain controllers, and smart cockpits are driving increased demand for high-performance microcontrollers (MCUs) and sensors. Additionally, vehicle-to-grid (V2G) applications are boosting the need for communication modules and security encryption chips.
2.3 Growth in Passive Components and PCB Demand
High-frequency and high-power applications require upgraded specifications for capacitors, inductors, and connectors. Meanwhile, both EVs and charging stations demand multilayer, high-density printed circuit boards (PCBs) with greater reliability, further stimulating production expansion.
3. Supply Chain and Manufacturing Challenges
3.1 Geopolitical Risks and Localization Trends
STMicroelectronics is collaborating with Hua Hong Semiconductor in China to localize MCU and SiC chip production, aligning with local government policies and mitigating geopolitical risks.The European Union is proposing increased regional content requirements for EV batteries and key components, aiming to strengthen supply chain autonomy but potentially reshaping supplier networks and cost structures.
3.2 Trade Barriers and Policy Risks
The U.S. has initiated a Section 301 investigation into key semiconductor materials, including silicon and SiC wafers, which could tighten export controls and affect global SiC supply chains.Frequent changes in EV charging tariffs, subsidies, and grid access regulations across different countries add uncertainty to infrastructure operators and component suppliers in project planning and ROI forecasting.
4. Market Outlook and Opportunities
● xEV Drivetrain Market: Expected to grow from 9.8 million units in 2023 to 35.1 million units by 2031, reaching a market value of $135.1 billion. Segments like ultra-fast charging platforms, high-voltage systems, and vehicle controllers offer multi-billion-dollar opportunities.
● Charging Station Equipment Market: Estimated at $33.36 billion in 2025 and projected to expand at a CAGR of 40.2%, reaching $355.3 billion by 2032. Ultra-fast chargers and smart management platforms are key growth drivers.
● Overall Charging Infrastructure Market: Forecasted to grow at a 24.5% CAGR, reaching $237.2 billion between 2024 and 2033, providing a sustained demand engine for electronic component suppliers.
5. Conclusion and Recommendations
The rapid expansion of new energy vehicles and charging infrastructure is driving a multi-dimensional surge in demand for electronic components. Power semiconductors, MCUs, sensors, communication chips, and passive components are all facing pressures for capacity expansion and technological upgrading.Suppliers must actively invest in third-generation semiconductor production capabilities and high-reliability components, while diversifying supply chains and strengthening local sourcing strategies to mitigate geopolitical risks and regulatory volatility.Looking ahead, deeply cultivating niche markets and enhancing collaboration with OEMs and charging operators will be crucial for electronic component providers to secure a strategic market position.
As a premium electronic component distributor, Futuretech Components is fully aligned with the growth trajectory of the new energy vehicle and charging infrastructure sectors. We are committed to delivering a comprehensive range of professional products and supply chain solutions, including power semiconductors, MCUs, sensors, connectors, and other critical components.Through strict quality control, agile inventory strategies, and a global procurement network, Futuretech Components can swiftly respond to market changes and help customers seize emerging opportunities.In the future, we will continue to deepen collaboration with automotive and energy sector partners, driving the sustainable development of the global new energy and smart energy ecosystems.
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