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The Worldwide Electric Vehicle Charging Station Industry is Expected to Grow at a CAGR of 46.6% Between 2020 & 2027


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The global electric vehicle charging station market size is projected to reach 30,758 thousand units by 2027, from an estimated 2,115 thousand units in 2020, at a CAGR of 46.6%.
Governments are supporting electric vehicle charging stations through subsidies & tax rebates for installing electric vehicle charging stations and working in collaboration with such OEMs to speed up the growth of their country s EV charging networks.
Increased demand for efficient and eco-friendly vehicles along with government support will boost the electric vehicle charging station market. Consumers from developing countries are already feeling the heat of the increasing cost of petrol. Electrical vehicles will run on electricity, which is expected to reduce the operating cost of these vehicles. To make the electric vehicle charging station market grow, continued support from the government will be needed along ....

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