Report ID: SQMIG25C2091
Report ID:
SQMIG25C2091 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
144 |
Figures:
78
Global Electric Vehicle Charging Station Market size was valued at USD 35.29 billion in 2022 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% during the forecast period (2024-2031).
Electric vehicles have seen tremendous growth in recent years mainly due to energy efficiency and relatively low maintenance. Low battery costs and wide availability of charging facilities for such vehicle's implementation is affordable and convenient. Additionally, companies are investing in private premiums for their customers and employees.
The rise of battery recuperation technology is poised to convert the global market. Improved battery technology has accelerated the variety of any electric powered car charger, while new chargers can now recharge batteries faster, attracting greater customer hobby in electric automobiles. This increased demand needs a need electric vehicle charging stations. Furthermore, the multiplied awareness on autonomy and shared mobility is expected to growth the adoption of electrical vehicles, impacting the market for electric vehicle charging infrastructure.
Many providers of car rental programs are focusing on creating innovative features that will provide consumers with the best rental cars available. For example, in January 2023, Leviton Manufacturing Company, Inc. announced plans to introduce EV series charging stations compatible with the My Leviton application.
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Report ID: SQMIG25C2091