Press release
APAC Electric Charging Station Market worth US$ 3,785.8 Million | Emerging Trend and Business Opportunities, Scope and Overvie with Key Players - PluginIndia.com, ChargePointInc., NARI Technology Co.Ltd,
APAC Electric Charging Station Market
An electric charging station provides electrical energy to plug-in electric automobiles including electric cars and electric bikes. Increasing production of electric vehicles is expected to propel growth of the APAC electric charging station market. For instance, in March 2020, China Polestar, a Volvo subsidiary, started production of the Polestar 2 BEV.
Market for Electric Charging Stations in Asia Pacific The report's buyers, customers, stakeholders, business owners, and investors will benefit from the in-depth research on the APAC Electric Charging Station Market. The current market research report includes critical market data such as market rate, estimated value for the forecast period 2021-2026, influential variables, and CAGR. In addition, the report is divided into four sections: product type, application, end user, and region.
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Top Key Players:
PluginIndia.com
Greenlots
Mitsubishi Motors Corporation
ChargePointInc.
NARI Technology Co.Ltd
Blink Charging Co
Toshiba Corporation
Magenta Power
Star Charge
Efacec
Global APAC Electric Charging Station Market Segmentation:
by Charging Station Type
AC Charging
DC Charging
Wireless Charging
by Technology Type
Level 1
Level 2
Level 3
by End User
Private
Public
Regional Classification:
Today, Japan, China, and Australia markets are major countries that contribute to growth of the APAC electric charging station market. India is also significantly contributing to the market. In July 2021, EV charging solutions provider Magenta started India’s largest public EV charging station in Navi Mumbai.
The charging station is equipped with 16 AC and 4 DC charging stations and offers other facilities such as parking for overnight charging. Earlier, in June 2021, the government of Gujarat, India, announced a new electric vehicle policy to drive adoption of the eco-friendly vehicles.
The Gujarat government announced to provide incentive of up to US$ 134 per kWh for EVs and commercial public EV charging stations will be eligible for 25 percent capital subsidy.
The initiative is a part of Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) program. Thus, government initiatives to boost adoption of EVs is also expected to aid in growth of the APAC electric charging station market.
The APAC electric charging station market in China is driven by launch of sports electric vehicles. In June 2020, Xpeng Motors started China-wide delivery of its new P7 super-long range, high-performance, smart EV sports sedan, which runs on an in-house designed 3-in-1 electric drive system, a permanent magnet synchronous motor.
The market in China is also driven by increasing number of EV charging stations. In June 2021, Tesla Inc. started its first charging station in China with its own solar and energy storage facilities.
Similarly, Jiuzi Holdings Inc. signed a LOI with China Petrol Technology (Shenzhen) Ltd. to jointly build battery swap stations and battery management system for electric vehicles across China.
Europe:
Italy
UK
Norway
France
Others
Asia Pacific:
India
China
Japan
Pakistan
South Korea
Others
Rest of World:
Turkey
Israel
Saudi Arabia
Brazil and Others
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