Electric Vehicle Charging
Market Size, Share, Revenue, Business Growth,
Demand And Applications To 2027
The global Electric Vehicle Charging Infrastructure Market size is anticipated to touch USD 111.75 billion by
the end of 2027, according to a new report by Million Insights. The market is projected to grow at with 32.0%
CAGR from 2020 to 2027. Growing focus on developing infrastructure for electric vehicles is projected to drive
the growth of the market. Different government bodies are collaborating with others to develop electric
charging station across highways. For example, the Department of Transpiration of Washington State
collaborated with Oregon’s Department of Transportation for construction of 57 electric vehicles charger
across Washington and Oregon.
Key original equipment manufacturers such as Enel X, Ecotap BV and Delta Electronics, Inc. among others are
developing solar-powered charging stations. For example, Enel X is working with Hawaii (U.S) to develop a
solar-powered electric charging station. Further, many companies are upgrading their Electric Vehicle Supply
Equipment (EVSE) to ease long-distance travel.
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Electric vehicles are recharged at several locations like at residence, private charging station and at
commercial set-ups. However, residential charging doesn’t provide sufficient backup and consumers often
face problems during a long-distance trip. Owing to this, a large number of the consumer base is discouraged
Electric Vehicle Charging Infrastructure Market Report provides in-depth analysis of
industry by production, share, size, Demand, Proposition, Development, Opportunities,
Growth, Economic Trends, Technologies Research, Segmentation, Key Futuristic,
Investment Feasibility, Major Key Players, SWOT analysis and Forecast.
to adopt EVs, thus, adversely affecting the market growth. Ho