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EV Fast-Charging Infrastructure Market Business Strategies, and Regional Outlook

09-22-2022 07:31 AM CET | Logistics & Transport

Press release from: P&S Intelligence

EV Fast-Charging Infrastructure Market Business Strategies,

According to the market research report published by P&S Intelligence, the revenue of the electric vehicle fast-charging infrastructure market was $3,240.7 million in the year 2021, and it is likely to touch $18,909.8 million by 2030, at a mammoth compound annual growth rate of around 21.7% in the years to come. This will be because of the increasing EV sales all around the world as a result of the growing necessity for zero-emission transportation.

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Public charging has the larger share in the electric vehicle fast-charging infrastructure market, and this bifurcation is predicted to witness a growth rate of about 22% in the near future. This will be because of the extensive deployment of public fast chargers to enable mass EV acceptance. Numerous OEMs and operators of EV networks are introducing public fast chargers at hospitality facilities, retail stores, parking spaces, administrative offices, fuel and gas stations, and other zones.

Electric Vehicle Fast-Charging Infrastructure Market Outlook@

The growing acceptance of electric cars has stressed the necessity for adequate charging infrastructure. Key markets for electric vehicles, such as China, Germany, and, the U.S., are spending heavy amounts on R&D for more-competent techniques of EV charging. For example, GM, in October 2021, declared plans of investing over $30 billion to attain the sales target of more than a million electric vehicles by the year 2025. Furthermore, in another 10 years, the company intends to be totally electric.

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

P&S Intelligence
Phone: +1-347-960-6455

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