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EV Charging as a Service Market Share

Report ID: GMI10817
Published Date: Aug 2024
Report Format: PDF

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EV Charging as a Service Market Share

Tesla, BP Pulse, and Shell Recharge hold a significant share of around 21% in EV Charging as a Service industry in 2023. These companies invest heavily in research and development, driving innovation in EV Charging as a Service solution. These companies leverage partnerships with EV OEMs, software, and infrastructure companies to expand their market reach. Their strong distribution networks ensure that their charging as a service solution is readily available to consumers across various regions.

Tesla offers its Supercharger network with high-speed charging and subscription services for its vehicles. BP Pulse provides a widespread network of public and rapid chargers with integrated fleet management services. Shell Recharge expands its global fast charger network, offering public and home charging solutions along with smart charging and fleet management features. These market players have played a key role in shaping the market.

EV Charging as a Service Market Companies

The major players operating in the EV Charging as a Service industry are:

ABB Ltd.
Shell Recharge
BP Pulse
ChargePoint, Inc.
Tesla Inc.
EVgo Services LLC
Allego

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of EV charging as a service was worth over USD 29.3 billion in 2023 and is estimated to register over 18% CAGR between 2024 and 2032, due to strong need for making it more accessible and attractive for businesses and fleet operators.

EV charging as a service market from the level 2 charging infrastructure segment accounted for a 45% share in 2023, due to its balance between charging speed and cost-effectiveness.

Asia Pacific EV charging as a service market recorded 33% share in 2023, due to its rapid urbanization, high electric vehicle (EV) adoption rates, and substantial investments in charging infrastructure.

ABB Ltd., Shell Recharge, BP Pulse, ChargePoint, Inc., Tesla Inc., EVgo Services LLC, and Allego