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What's driving the EV Charging Infrastructure Market trends? Key industry players : Volkswagen Group, BMW Group, Renault, Eaton, Exxon Mobil

EV Charging Infrastructure

EV Charging Infrastructure

Meanwhile, Netherlands EV charging infrastructure market is set to surpass 200 thousand units by 2025. Propitious government initiatives for the mitigation of carbon emissions and myriad financial benefits in the form of monetary incentive programs and vehicle tax credits & rebates will enhance the business outlook. Growing concern regarding the adverse impact of the ever-increasing carbon footprint stemming from extensive use of fuel in powering vehicles is set to proliferate demand for charging stations.

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Growth Drivers:
o Acceleration in EV adoption
o Stringent regulatory framework pertaining emissions
o Technological advancements

According to reliable reports, the global EV charging infrastructure market is expected to surpass $46 billion over 2025.
Burgeoning demand for eco-friendly, energy efficient sustainable transportation solutions is poised to propel global EV charging infrastructure market share over the predicted timeframe. Facilitated by escalating energy-related costs, speedy industrial development alongside strategic partnerships among prominent automotive producers such as Nissan and BMW Group, the EV charging infrastructure industry is likely to gain considerable momentum over the coming years. Likewise, regulatory initiatives towards mitigating carbon emissions will further boost the business landscape.

Companies covered (20):
o Greenway Infrastructure
o Volkswagen Group
o BMW Group
o Nissan Motor Co. Ltd.
o ChargePoint
o Siemens
o EVgo
o EVBox
o Schneider Electric
o Blink
o Renault
o Hyundai
o Mercedes-Benz
o Eaton
o Exxon Mobil
o Pacific Gas & Electric
o Shell

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The proliferating demand for power in tandem with higher prevalence of green-energy automobiles is expected to add impetus to product adoption. Furthermore, technological progress and the mounting financial interest in EV charging infrastructure installation will drive market penetration. The steady paradigm shift towards green energy equipment for achieving set levels of energy and air quality enhancement are key factors influencing the growth of the overall EV charging infrastructure market.

Soaring emissions from diesel-based on road vehicles has necessitated strict government reforms to back the implementation of sustainable alternative for fuels to power vehicles, which will in turn promote higher installation of charging infrastructure. Myriad state and federal benefits will also stimulate product demand and minimize the up-front costs for electric vehicles, which will help bridge the cost-gap between these systems and their gas-powered counterparts.
Oils with high carbon concentrations will incur heavy taxes and the implementation of distance and location-based charging stations will facilitate the onset of zero-emission mobility solutions, thereby bolstering industry outlook.

In 2018, the EV charging infrastructure market size from the public segment recorded remuneration worth over $4 billion, given the rising number of electric vehicles and government support in the form of incentives and subsidies. Also, innovative developments in battery technologies will promote the installation of battery swapping station, leading to a considerable surge in industry demand.

For instance, the IEA (International Energy Association) has reportedly suggested that the expansion of electric vehicles will double from around 60 million to over 125 million over 2030, asserting a positive influence on the development of charging infrastructures. Industry growth will be further supported by the steady takeover of diesel-powered buses by their electric counterparts, with the aim of inhibiting environmental footprint and ensuring seamless and efficient commute systems.

To illustrate, the Southern California region in 2018, implemented a $343 million program designed to install charging infrastructure across more than 870 sites, facilitating the electrification of nearly 8000 medium and heavy-duty vehicles.

By Current

o AC
o Level 1
o Level 2
o DC
o DC Fast
o Others

By Charging Site
o Public
o Private

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Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

About Global Market Insights :
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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