Europe Electric Vehicle Charging Station Market Size - By Current (AC {Level 1, Level 2}, DC {DC Fast}), By Charging Site (Public, Private), Country Outlook & Forecast, 2024 – 2032

Europe Electric Vehicle Charging Station Market Size

Europe Electric Vehicle Charging Station Market was valued at 7.3 billion in 2023 and is set to grow at a 33.7% CAGR between 2024 and 2032. Growing adoption of electric vehicles coupled with favorable government policies that encourage the use of clean energy are the prime driving forces for the Europe EV charging station industry. Rising integration of EV charging stations with renewable energy sources, such as solar and wind power, is becoming increasingly common across the region which is significantly assisting in to reduce the carbon footprint of EVs even further and makes charging more sustainable.
 

Exponential inclination of consumers in countries including Norway, Netherlands, Germany, among others to adopt electric vehicles in place of fossil fuel run vehicles is significantly increasing the demand for EV charging station in the region. In addition, growing focus on fast charging stations, that allow EVs to charge up quickly and continue their journey, particularly important for long-distance travel and for drivers who don't have access to home charging is further impacting the product deployment.
 

A wide majority of EV charging providers are expanding their networks across Europe, making it easier for consumers to find a charging station as per requirement, which directly adds to the increasing demand for the EV charging stations. Some are even partnering with other companies to create a seamless network of charging stations across the continent. Aggressive deployment of EV charging stations to fulfill the charging need along with continuous efforts of key market players through strategic partnership & alliances will augment the Europe electric vehicle charging station market dynamics.
 

The increasing number of EV charging stations in Europe is a result of a amalgamation of factors, including government support, growing demand, corporate social responsibility, and technological advancements. As electric vehicles become more mainstream, the region is anticipated to see further growth in the EV charging infrastructure sector. Similarly, many European countries have implemented policies and regulations to support the adoption of electric vehicles, such as subsidies, tax incentives, and emissions regulations. These policies create a favorable environment for businesses to invest in EV charging infrastructure, thereby complementing the overall electric vehicle charging station industry.
 

COVID- 19 Impact

The COVID- 19 outbreak has impacted the overall automotive market, thus affecting the Europe electric vehicle charging station market. The pandemic forced consumers to postpone the purchase of electric vehicles owing to travel restrictions along with strict lockdown measures across various geographies across the region. The industry witness shortage of raw materials owing to disruptions in supply chain as majority of raw material used in the EV charging station is being imported from China. However, the industry positively recovered post lockdown lift, and see a sharp trend in EV adoption by end of 2020, thereby contributing to the market growth.
 

Europe Electric Vehicle Charging Station Market Analysis

Proactive government support toward the adoption of electric vehicles and development of EV charging stations has translated into overall industry growth. The Europe electric vehicle charging station market expansion is largely attributed to escalating energy prices, and growing preference for energy-efficient solutions. The European government is offering incentives and subsidies to promote the adoption of electric vehicles along with large scale investments in the development of charging infrastructure. For example, the European Union has launched the Green Deal, which aims to make Europe carbon neutral by 2050, and part of this initiative involves promoting the use of EVs and increasing the availability of charging stations.
 

The European Union is registering an increasing demand for long range electric vehicles along with fast charging stations, which in turn is set to boost the requirement for public charging sites over the coming years. However, considering the improving European economy, and ongoing government measures along with public & private funding is predicted to positively impact the demand for EVs, in turn strengthening the Europe electric vehicle charging station market growth.
 

AC (alternating current) charging is one of the most common types of charging for EVs in Europe, and trends including growing demand for public AC charging, charging speed, cost-effectiveness, among others are shaping the development of this technology. Moreover, rising integration of charging stations with renewable energy sources, such as solar or wind power to decrease the carbon footprint of EVs, and making charging more sustainable and cost-effective is estimated to support the Europe electric vehicle charging station market dynamics.
 

Public EV charging stations in Europe is expected to increase owing to rising consumer inclination to switch to electric vehicles and governments & private company’s investments in charging infrastructure to support this transition. Additionally, adoption of innovative solutions to increase the public charging at commercial places including petrol stations, supermarkets, and other public places to make charging more convenient for EV owners will complement the segment growth over the given timeframe.
 

Growing applicability of combined charging system (CCS) connectors is likely to accelerate the Europe electric vehicle charging station market development owing to acceptance by major power in automobile industries. Rising deployment of electric vehicle fast-charging units across shopping malls, hotels, public parking facilities, and highways led by growing number of EV owners will propel the private charging infrastructure business.
 

The growing measures to limit the harmful GHG emissions from fossil fuel run vehicles have created a significant demand for electric vehicles in the Netherlands. As a result, the country is slated to observe growth rate of over 35% by 2032. As per the government of Netherlands, the country is anticipated to witness EV adoption of around 1.9 million by 2030, which in turn is favoring various investment scenario in the country to improve their charging network, thereby contributing to the overall Europe electric vehicle charging station market.
 

The Germany electric vehicle station market is projected to surpass USD 18 billion by 2032. Continuous & exponential increase in the EV adoption coupled with favorable government measures to limit the carbon emission generated via petrol & diesel fuel cars will favor the growth of the market. Moreover, increasing private & public investments to support the transition of EV infrastructure in the country is forecast to complement the market potential.
 

Europe Electric Vehicle Charging Station Market Share

Major manufacturers are focusing on strategic alliances and collaborations to gain a competitive edge over others. Introduction of enhanced technologies and advance technological components by the eminent players has led to the positive business dynamics. Prominent industries operative in the Europe Electric Vehicle Charging Station market includes

• Blink Charging Co.
• Tesla
• Elli
• Zunder
• ChargePoint, Inc
• ABB
• EVBox
• Schneider Electric
• Volta Industries Inc.
• GreenWay Infrastructure s.r.o
• Eaton
• Leviton Industries
• Siemens
• Delta Electronics
   

Europe Electric Vehicle Charging Station Industry News

• In January 2022, E.ON Innovation and Lechwerke AG (LEW) launched first fast charging station with dynamic pricing model. The LEW fast-charging station with capacity of 300 kW is comprised of new pricing model In Germany that offers customers with flexibility to plan the charging model as per needs. The charging model along with the fast-charging station is focused for electric commercial vehicles including e-buses & e-trucks.
   
• In January 2022, Blink Charging Co. introduced a wide array of charging solutions for the electric vehicle industry. The solution includes Vision IQ 200, 50kW DC Fast Charger, & MQ 200, HQ 200 (for Smart and Basic models), that finds application in multifamily, retail, & home fleet EV ecosystem. In addition, the company introduced vehicle-to-grid technology for some charging products, capable of balancing energy demand & supply.
   
• In June 2022, Blink Charging Co. acquired EB Charging, a UK based EV charging and sustainable energy solutions provider. The acquisition will enable Blink’s to develop & boost its footprint into the UK market with over 1,150 EV charging points and will fuel its rapidly growing presence in Europe region and internationally. Together, they have strong portfolio of charging service & solutions that will provide & support sophisticated EV charging applications and a state-of-the-art EV network.
   
• In May 2022, EB Charging, a subsidiary of Blink Charging Co., came to a strategic contract with Q-Park for the deployment of approximately 600 charging stations in 80 sites across the Ireland and United Kingdom. Q-Park is a parking infrastructure operator and owner in Europe. EB Charging company received a contract from Q-Park over USD 3.7 million to commence over 600 charging points across the Ireland and UK.
   

This Europe Electric Vehicle Charging Station market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘Units’ & ‘USD Million’ from 2019 to 2032, for the following segments:

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By Current

• AC
  • Level 1
  • Level 2 
• DC
  • DC Fast
  • Others

By Charging Site

• Public
• Private

The above information has been provided for the following countries:

Europe

• Norway
• Germany
• France
• Netherlands
• UK
• Austria
• Belgium
• Denmark
• Finland
• Ireland
• Luxembourg
• Sweden
• Italy
• Portugal
• Spain
• Poland