Europe Electric Vehicle On-Board Charger Market Trends

Europe Electric Vehicle On-Board Charger Market Trends

Stringent emissions standards and ambitious goals for electric vehicle (EV) uptake have emerged as crucial catalysts, spurring significant investments in EV on-board chargers throughout the European region. For instance, starting in 2025, Regulation (EU) 2019/631 introduces more stringent EU-wide CO2 fleet targets, including a 15% reduction by 2025 for both cars and vans. From 2030 onwards, vans will face a 50% reduction target, while cars will aim for a 55% reduction target, all relative to a baseline set in 2021. This ambitious framework underscores the European Union's commitment to combatting climate change and accelerating the transition to cleaner transportation solution and play a vital role in the development of electric vehicle on-board charger throughout Europe over the coming years, which in turn will propel the industry growth.