Home > Energy & Power > Emerging Energy Technologies > EV Charging Infrastructure > Electric Vehicle Charging Station Market
Electric Vehicle Charging Station Market Size
- Report ID: GMI5313
- Published Date: Jun 2024
- Report Format: PDF
Electric Vehicle Charging Station Market Size
Electric Vehicle Charging Station Market was valued at USD 30.7 billion in 2023 and is predicted to showcase about 27.5% CAGR between 2024 and 2032. A rapid shift towards adopting low-carbon, energy-efficient, and electric-powered transportation is expected to drive market growth. Stringent government regulations, driven by the rising impact of greenhouse gas emissions on environmental health, are boosting the demand for sustainable energy vehicles powered by electricity.
The industry's growth is propelled by technological advancements and an increasing deployment of EV charging station. For instance, in March 2024, Elli and SIXT collaborated to expand electric vehicle charging options across Europe, where the company has opened its extensive charging network to companies beyond Volkswagen, making electric mobility more accessible. This collaboration introduces SIXT charge, a new product aimed at simplifying the charging process by integrating the charging infrastructure into the app. Additionally, affordable charging solutions and favourable financing options are expected to further drive market adoption.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Electric Vehicle Charging Station Market Size in 2023: | USD 30.7 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 27.5% |
| 2032 Value Projection: | USD 276.9 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 80 |
| Tables, Charts & Figures: | 751 |
| Segments covered: | Current, Charging Site, & Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Electric Vehicle Charging Station Market Scope
