What is the current state of EV charging infrastructure?

EV charging infrastructure markets are expanding quickly, yet still present some significant obstacles to their rapid development. While more public charging stations are opening, rural and underserved areas still need additional chargers as well as increased standardization of charging connectors and protocols for optimal functioning of charging infrastructure systems.

How big is the electric vehicle charging infrastructure market?

In 2022, the Global Electric Vehicle (EV) Charging Infrastructure Market was valued at USD 19.8 Billion and it is projected to expand to USD 224.8 Billion by 2032; rising at a CAGR of 27.5% from 2023 to 2032.

Who has the largest EV charging infrastructure?

China was home to over 1.8 million publicly accessible electric vehicle chargers by 2022 - representing the world's most expansive public charging infrastructure. The United States followed closely behind with 100,000 slow chargers installed nationwide and an additional 28,000 fast chargers across its states and regions.

How much does it cost to install an EV charger?

Cost of installing an electric vehicle (EV) charger varies significantly based on its type and installation needs, with Level 1 chargers typically being the least costly to set up while DC fast chargers often costing significantly more.

Which are the top 5 EV charging infrastructure companies in India?

The top 5 EV charging infrastructure companies in India are: Tata Power ABB EVRE Fortum Charge & Drive Magenta Power

What is the future of EV charging infrastructure?

Future prospects of electric vehicle (EV) charging infrastructure look bright. Market growth has been rapid and innovative new technologies such as wireless and smart charging networks are being created that could make charging even simpler and cheaper for drivers.

Global Electric Vehicle Charging Infrastructure Market By Charger (Fast Charger and Slow Charger), By Charging Type(AC Charging and DC Charging), Connector Type(CHAdeMO, CCS, Other Connector Types), Charging Level(Level 1, Level 2 and Level 3), Application(Residential, Commercial), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032

Published date: March 2024
Report ID: 55977
Number of Pages: 239
Format:

Overview
Table of Contents
Major Market Players
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- AeroVironment Inc.
- ABB
- BP Chargemaster
- ChargePoint, Inc.
- ClipperCreek
- Eaton
- GENERAL ELECTRIC
- Leviton Manufacturing Co., Inc.
- SemaConnect, Inc.
- Schneider Electric
- Siemens
- Tesla, Inc.
- Webasto
- Other Key Players