EAX Insights | Monthly Review of the New Energy Charging and Battery Swapping Industry (May 2026)

2026-06-02

Indonesia to Roll Out Incentives for Electric Vehicles and Other Industries to Boost GDP

On May 5, 2026, Indonesian Finance Minister Purbaya Yudhi Sadewa attended a state budget press conference at the Ministry of Finance in Jakarta. He said the government is studying incentive policies for electric vehicles (EVs), which are planned to be implemented in phases this year, with the first batch covering 100,000 electric cars and 100,000 electric motorcycles.

After the initial incentive quota is used up, additional quotas may be added depending on implementation results. Regarding subsidy standards, he said the subsidy for electric motorcycles is expected to be around IDR 5 million, while the specific standards and implementation details are still under study and will be announced by the relevant authorities.
Purbaya noted that advancing EV incentive policies can help revive consumer demand while reducing fuel consumption intensity, thereby easing pressure on energy subsidy expenditures. Against the backdrop of fluctuations in international oil prices, these measures can also help improve fiscal stability.

Australia to Gradually Tighten Tax Incentives for Electric Vehicles

Xinhua Finance, Melbourne, May 6 (Reporters Xiong Wenyuan and Xu Haijing) — The Australian government recently announced that it will gradually tighten the Fringe Benefits Tax incentives for electric vehicles. Under the new arrangement, some higher-priced electric vehicles will no longer qualify for a full Fringe Benefits Tax (FBT) exemption starting in 2027, and all eligible electric vehicles will be subject to a reduced level of tax incentives from 2029.

Vietnam’s Battery-Swapping Market Accelerates: LG Energy Solution and Honda Build a Hanoi Battery-Swapping Network

On May 19, 2026, South Korean battery manufacturer LG Energy Solution and Japanese Honda Motor (Honda), together with the Hanoi municipal government, signed a memorandum of understanding (MoU) to jointly promote the development of Vietnam’s battery-swapping network. The cooperation is regarded as an important milestone in the development of Vietnam’s battery-swapping industry. A battery-swapping station allows electric motorcycle users to replace a depleted battery with a fully charged one within minutes, eliminating the need to wait several hours for charging and significantly improving convenience.

Under the agreement, the parties will build electric motorcycle battery-swapping stations in central Hanoi and jointly advance battery standardization, safety management systems, and the related industrial ecosystem. The three parties also plan to deepen cooperation on business models for electric two-wheeler platforms, laying the foundation for future expansion of Vietnam’s battery-swapping market.

Jiangxi: Improve Charging Piles and Other Infrastructure and Accelerate Rural Charging Facility Development — Notice of the Jiangxi Provincial People’s Government on Issuing the Outline of the 15th Five-Year Plan for National Economic and Social Development of Jiangxi Province

On May 14, the Jiangxi Provincial People’s Government issued a notice on the Outline of the 15th Five-Year Plan for National Economic and Social Development of Jiangxi Province.The plan calls for optimizing policies that support automobile consumption, improving infrastructure such as charging piles and parking facilities, and expanding aftermarket consumption such as vehicle modification and leasing.It will further increase the density of charging facility locations, focusing on expressway service areas, and accelerate efforts to address gaps in rural charging infrastructure, with the total number of charging facilities expected to reach about 700,000 by 2030.Promote the development of smart charging piles, smart microgrids, and other smart energy infrastructure.Continue to advance the construction of “Four Good Rural Roads” and improve rural infrastructure including water supply, power grids, charging piles, postal services, express logistics, and information networks.

Gansu: Notice of the Jinchang Municipal People’s Government on Issuing the Outline of the 15th Five-Year Plan for National Economic and Social Development of Jinchang — Develop Public Charging Infrastructure According to Local Conditions

On May 14, the Jinchang Municipal People’s Government issued the Outline of the 15th Five-Year Plan for National Economic and Social Development of Jinchang. The plan states that the city will develop public charging infrastructure according to local conditions, expand charging-network coverage in the main urban area and along expressways, and add charging facilities and charging piles in rural areas. Focusing on transportation hubs, commercial complexes, public parking lots, key towns, and other locations, the city will accelerate the deployment of public charging infrastructure, with more than 5,500 charging piles to be installed citywide by 2030.

Sichuan: Outline of Chengdu’s 15th Five-Year Plan for National Economic and Social Development

On May 21, the Chengdu Municipal People’s Government released the Outline of Chengdu’s 15th Five-Year Plan for National Economic and Social Development. The plan calls for advancing the “natural gas to every village” initiative, strengthening the development and utilization of distributed renewable energy in rural areas, and encouraging eligible towns and villages to reasonably deploy new energy charging and battery-swapping stations (piles).

It also calls for promoting energy-efficient and low-carbon transportation, unlocking the consumption potential of new energy vehicles, vigorously advancing vehicle trade-in programs, accelerating pilot programs for full electrification of public-sector vehicles, and promoting the full transition of the city’s bus fleet to new energy vehicles, with more than 500,000 EV charging piles and more than 200 battery-swapping stations to be built cumulatively by 2030.

Plan moderately ahead for the deployment of integrated energy replenishment stations, orderly expand the large-scale application of “vehicle-grid interaction,” and promote complementary coordination between charging/battery-swapping facility networks and the power grid.

2026 Public Charging Facility Utilization: Demand Continues to Grow

New energy vehicles are becoming an important source of electricity demand, and public charging networks across Europe and the United States are delivering record-high charging volumes. Tesla’s global Supercharger network consumed 6.7 TWh of electricity in 2025. Operators are working to strike a balance between network expansion and utilization.

BloombergNEFA survey of operators, software providers, and hardware manufacturers found that in 2025, the weighted-average energy delivered per DC charging connector was 83 kWh/day, while AC charging connectors delivered 9.6 kWh/day. Chargers rated above 300kW delivered 88% more energy per day than 150–299 kW chargers, although they typically provide multiple charging connectors.

Traffic volume is a key factor affecting charging-pile utilization, especially at sites along highways. In the UK, ultra-fast charging is concentrated along the busiest roads, but coverage along these high-traffic corridors varies significantly among charging networks. Supermarket charging installations have altered this pattern, with a focus on attracting new energy vehicle owners to shop in-store。

The commissioning date and production year of charging piles also have a significant impact on utilization. Newer chargers tend to be more popular immediately after launch than older units, but they usually require several months to reach stable utilization. At locations with heavier traffic, this ramp-up period may be shorter。
Utilization fluctuates significantly throughout the year. On peak days, the amount of electricity delivered by each charging connector can be more than twice the annual average.

▲Source: BloombergNEF

National Energy Administration: Releases 2026 April National EV Charging Infrastructure Data

On May 21, the National Energy Administration released national EV charging infrastructure data for April 2026. According to data from the National Charging Facility Monitoring Service Platform, as of the end of April 2026, the total number of EV charging infrastructure connectors in China reached 21.955 million, up 47.4% year on year. Among them, public charging facilities totaled 4.907 million connectors, up 29.6% year on year, the total rated power of public charging piles reached 237 million kW, with an average power of approximately 48.38 kW; private charging facilities totaled 17.048 million connectors, up 53.5% year on year, with registered electricity-use capacity reaching 149 million kVA.

▲Source: National Energy Administration

EVPICA: China’s Charging and Battery-Swapping Infrastructure Up 47.4% Year on Year in April 2026

Operation of Public Charging Infrastructure:China Charging Alliance data show that as of the end of April 2026, China’s total number of EV charging infrastructure connectors reached 21.955 million, up 47.4% year on year.Among them, public charging facilities totaled 490.7 ten thousand connectors, up 29.6% year on year, the total rated power of public charging facilities reached 237 million kW, with an average power of approximately 48.38 kW; private charging facilities totaled 17.048 million connectors, up 53.5% year on year, with registered electricity-use capacity reaching 149 million kVA.

Overall Operation of Charging Infrastructure:From January to April 2026, the increase in charging infrastructure was 1.863 million units, up 49.4% year on year. Among them, public charging facilities increased by 190,000 units, down 53.9% year on year, while private charging facilities increased by 1.673 million units, up 100.3% year on year. As of the end of April 2026, the total number of EV charging infrastructure connectors in China reached 21.955 million, up 47.4% year on year.

Overall Operation of Battery-Swapping Stations:From May 2025 to April 2026, the number of battery-swapping stations increased by 1,220. As of the end of April 2026, the total number of EV battery-swapping stations in China reached 6,039.

▲Source: China Charging and Battery-Swapping Alliance

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