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On-board Charger Market Size Worth $13 96 Billion By 2028 | CAGR: 17 2%: Grand View Research, Inc
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Micro-mobility Charging Infrastructure Market Size Worth $16 64 Billion By 2028: Grand View Research, Inc
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Electric Vehicle Charging Infrastructure Market 2021 Industry SWOT Analysis, Competitive Landscape and Significant Growth by 2026 | Major Players: ChargePoint, Inc , AeroVironment Inc , Chargemaster Plc, General Electric, Leviton Manufacturing Co , Inc , etc – KSU
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The global electric vehicle charging infrastructure market size to cross USD 14 billion in 2026, growing at a CAGR of 36% during the forecast period.
With the increasing funding from government bodies for electric vehicle (EV) adoption, the demand for charging infrastructure is expected to grow. Many countries have recognized the need to go electric to reduce rising emissions, with the US and China leading the race. These countries have taken measures to expand and establish the charging network.
They have encouraged people to opt for these vehicles by offering discounts, tax rebates, and preferential measures, among other things. China, the US, and a few European countries have subsidized the expense of installing an electric vehicle charging station in apartment complexes, semi-public zones, and private residences, which is influencing the market growth.