The EV charging station marketplace is slated to grow from $7.3B in 2024 to $12.1B by 2030, according to a new report by MarketsandMarkets™.
Several factors are fueling the development and expansion of EV charging stations, including rising EV sales, government policies and subsidies to support faster setup of charging stations, limited driving range prompting the need for extensive charging infrastructure, and the reducing prices of EVs.
These elements are facilitating the widespread adoption of EVs and the establishment of a sustainable transportation ecosystem.
The leading companies in the EV charger industry include ABB (Switzerland), BYD (China), ChargePoint (U.S.), Tesla (U.S.), and Siemens (Germany), among others.
Read more and access the report here.