Electric Vehicles Charging Infrastructure Market to Exhibit 36.3% CAGR during the Forecast Period | Leading Players: Alfen, Allego, ABB Ltd., Blink Charging Co. Clippercreek, Inc.

The global electric vehicle charging infrastructure industry was USD 3.8 billion in 2020. The global electric vehicle charging infrastructure industry is anticipated to exhibit a CAGR of 36.3% for forecast period of 2020 to 2028. EVs will help to minimize pollution that lead to climate change and smog, as well as improve public health and reduce environmental harm. Charging electric vehicle with renewable energy sources like solar or wind will reduces pollution even more.

The COVID-19 pandemic has had an effect on the electric vehicle market due to supply chain disruptions and the halting of manufacturing units as a result of ongoing lockdowns and travel restrictions across the nation. The electric vehicle charging infrastructure market, on the other hand, is still in its infancy. Due to various government initiatives and policies, it is projected to rise at a much faster pace during the forecast period.

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To reduce their carbon footprint, e-commerce firms (such as Amazon) are introducing campaigns to use e-Mobility for last-mile deliveries. The world is experimenting with e-Mobility for public transportation, and electric inter-city buses have been introduced in a number of major cities.

Growth Drivers that Support the Global Electric Vehicles Charging Infrastructure Market:
• Various governments have enacted strict CO2 emission regulations, which have boosted demand for electric vehicles. Governments are also offering incentives and subsidies to promote the adoption of electric vehicles.

• Automakers are expected to make significant investments to meet the increasing demand for electric vehicles and to play a key role in the market's evolution. Electric vehicles are available in a variety of segments, from small hatchbacks like the Nissan Leaf to high-end sedans like the Tesla Model 3. Many buyers have been drawn to the wide range of products available, resulting in an increasing demand for electric vehicles, which drive the growth of the electric vehicle charging infrastructure market.

• ICE vehicles release a large amount of greenhouse gases into the atmosphere. Hence, governments are promoting the use of EVs. These programs will contribute to the improvement of air quality. The use of electric vehicles would reduce dependency on fossil fuels. This important factor will drive the growth of the electric vehicle charging infrastructure market.

• Recent advances have resulted in a significant increase in vehicle range on a single charge. Furthermore, electric vehicle manufacturers are now providing home charging solutions with every EV order, enhancing customer convenience.

• Expanding e-mobility is an essential step toward achieving CO2-neutral equilibrium. Government regulations encouraging the use of electric vehicles are a driving force behind the increased production of EV models by various companies. The number of electric vehicle models launched by automakers is increasingly growing. This will in turn propel the growth of the electric vehicle charging infrastructure market

Recent Developments in the Global Electric Vehicles Charging Infrastructure Market:
• 03 Mar 2021 - Tata Motors is challenging Tesla before the latter begins manufacturing in India. The company has set up charging infrastructure across 22 retail outlets in the country. The company is preparing to launch its all-electric SUV, Jaguar I-PACE.

• Many local bus manufacturers are collaborating with Chinese manufacturers in order to meet India's growing demand for electric buses. As an example, Foton PMI revealed in 2019 that it planned to invest about INR 500 crore in a joint venture with China's Beiqi Foton Motor Co. to produce electric buses in India. One of the airlines has already received five electric buses for internal operations from the company.

Major companies functioning in the global Electric Vehicles Charging Infrastructure Market are Alfen, Allego, ABB Ltd., Blink Charging Co. Clippercreek, Inc., Tgood, BP Chargemaster, Chargepoint, Inc., EVGO Services LLC, Tesla Inc., Semaconnect Network, Efacec Power Solutions, Greenlots, and EV Connect, Opconnect, Inc., Siemens AG, Electrify America LLC, Webasto Group, Schneider Electric SE, Engie SA, Leviton, and Others.

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Conclusion
The study will include a qualitative and quantitative analysis, as well as a market forecast for the years 2022-2032 and a compound annual growth rate (CAGR) from 2022 to 2032. The research includes a detailed analysis of market dynamics, including factors and opportunities. The research will include an in-depth geographical analysis of the Market.

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