Product ID: SQMIG25C2091
Report ID:
SQMIG25C2091 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
144 |
Figures:
78
APAC is estimated to dominate the electric vehicle charging station market during the forecast period. The regional market seemed to be driven by the large-scale growth of EV charging infrastructure in China which in turn increases the demand for affordable EVs for daily usage. China invested around USD 2.4 billion in improving the charging infrastructure in the country. Japan and Korea have plans to increase the number of EV charging stations in upcoming years. Further, the Indian government has announced plans to build 69,000 EV charging stations around the country as part of the first phase of EV infrastructural development with a demand for 4lakh charging stations expected by 2028.
In 2022, Europe accounted for the second-largest position in the electric vehicle charging station market due to the presence of key market players in this region. Consumer adoption of EVs and autonomous vehicle shared mobility is likely to fuel electric vehicle charging station market growth in the region.
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REQUEST FREE CUSTOMIZATIONElectric Vehicle Charging Station Market size was valued at USD 35.2 billion in 2019 and is poised to grow from USD 46.4 billion in 2023 to USD 417.35 billion by 2031, growing at a CAGR of 31.5% in the forecast period (2024-2031).
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Product ID: SQMIG25C2091