Home > Energy & Power > Emerging Energy Technologies > EV Charging Infrastructure > AC Electric Vehicle Charging Station Market
AC Electric Vehicle Charging Station Market Size
- Report ID: GMI9654
- Published Date: May 2024
- Report Format: PDF
AC Electric Vehicle Charging Station Market Size
AC Electric Vehicle Charging Station Market size was valued at USD 15.1 billion in 2023 and is projected to grow at 22.2% CAGR from 2024 to 2032. Global electric vehicle market expansion along with economic factors catering to the adoption of electric vehicles will influence the business outlook. Market players are diversifying their geographic presence and tailoring their offerings to local market needs and preferences.
Economic factors including the total cost of ownership of EVs compared to internal combustion engine vehicles, electricity pricing, and infrastructure investment, play a significant role in market growth. For instance, in February 2023, BP decided to invest USD 1 billion in EV charging solutions across the U.S. to enhance the overall EV charging infrastructure across the country. The availability of affordable charging solutions and favorable financing options can accelerate market adoption.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| AC Electric Vehicle Charging Station Market Size in 2023: | USD 15.1 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 22.2% |
| 2032 Value Projection: | USD 96.1 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 135 |
| Tables, Charts & Figures: | 15 |
| Segments covered: | Type, Charging Site, & Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
AC Electric Vehicle Charging Station Market Scope
