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Electric Vehicle Charging Station Market Trends

Report ID: GMI5313
Published Date: Jun 2024
Report Format: PDF

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Electric Vehicle Charging Station Market Trends

Ongoing government initiatives to enhance energy efficiency and the increasing demand to mitigate the effects of global warming will boost the demand for EV infrastructure. Additionally, rising legislative efforts to promote energy efficiency, along with growing consumer focus on reducing energy costs, are set to drive business growth. The increasing adoption of advanced electric vehicles and the introduction of various fast charging standards, such as CHAdeMO, CCS, Tesla Superchargers, and GB/T worldwide, will further expand the market size. Moreover, new regulations, policies, and projects aimed at reducing carbon emissions and improving energy efficiency will support market growth.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of electric vehicle charging station was reached USD 30.7 billion in 2023 and will grow at 27.5% CAGR from 2024 to 2032, owing to the rapid shift towards adopting low-carbon, energy-efficient, and electric-powered transportation.

The DC segment in the electric vehicle charging station market size is expected to surpass USD 180.3 billion by 2032, favored by the shifting trends towards high-power charging electric vehicle equipment’s.

Asia Pacific electric vehicle charging station market is anticipated to reach over USD 165.2 billion by 2032, attributed to government-led initiatives aimed at fostering electric mobility and curbing air pollution along with substantial investments in charging infrastructure.

ABB, Blink Charging Co., CHAEVI, ChargePoint Inc., Delta Electronics, Inc., Eaton, Elli, EVBox, GreenWay Infrastructure s.r.o., and Hyundai Motor Company.