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EV Charging Infrastructure Market to Surge Past US$204.9 Billion by 2032, Expanding at a Robust 27.08% CAGR | Led by Tesla, ABB, ChargePoint

01-23-2026 12:23 PM CET | Logistics & Transport

Press release from: DataM Intelligence 4Market Research LLP

EV Charging Infrastructure Market

EV Charging Infrastructure Market

The global EV charging infrastructure market reached US$23,708.09 million in 2023, rising to US$30,128.24 million in 2024 and is expected to reach US$204,923.33 million by 2032, growing at a CAGR of 27.08% from 2025 to 2032., according to DataM Intelligence.

United States: Recent Industry Developments
✅ The US dominates North America with strong federal/state policies, over 1.4 million EV sales in 2024, and NEVI-funded highway stations rollout. Emphasis on renewable-powered charging, interoperability (e.g., NACS adoption by major automakers), smart-charging, and utility/oil & gas investments expanding networks.
✅ Ongoing private sector growth in 2025, with ~230,000 public connectors online, despite federal funding uncertainties, driven by companies like Tesla, Electrify America, and Blink Charging.

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Japan: Recent Industry Developments
Japan-focused developments; Asia-Pacific growth includes smart-charging ecosystems, with demonstrations like Mitsubishi's EV smart-charging service in 2024 (ongoing impact), supported by government incentives and EV adoption in the region.

Asia-Pacific: Recent Industry Developments
✅ In November 2025, ChargeZone (India) launched Project E-DHARA to power its network (13,500+ points across India/UAE) with 100% renewable energy, starting with a Dahej, Gujarat hub in 2025, targeting 100 renewable highway hubs by 2026 via solar, battery storage, and high-speed chargers.
✅ China leads regionally with massive fast-charging corridors, ultra-fast DC, battery-swapping, and renewable-integrated stations despite short-term sales fluctuations. India sees rapid public fast chargers via FAME-II, state policies, and partnerships with utilities/oil companies for two/three-wheelers and fleets.

Technological Partnerships
Ongoing collaborations among charging operators, utilities, automakers, and fleet operators for large-scale deployment, interoperability, V2G/V2H integration, and renewable-powered solutions.

New Product/Service Launch
✅ Emphasis on high-power DC fast chargers (50-350 kW), grid-interactive smart chargers with bidirectional flow (V2G/V2H), and renewable-integrated hubs.
✅ Expansions like ChargeZone's renewable-powered initiatives and network growth by players like IONITY (Europe) and Blink Charging (US).

Technological Advancements in the Market
✅ 2025 trends: Rapid DC fast-charging growth (30% annually), grid-interactive/V2G technologies enabling demand-response, peak shaving, and revenue (US$400-1,000 per vehicle/year); smart energy management reducing grid costs 20-30%; AC charging backbone (72% of chargers) with DC transforming public/long-distance networks; integration of renewables, IoT, and analytics for efficiency.

Funding Raised by Companies
✅ In 2025, IONITY GmbH secured up to €600 million (US$689 million) to scale high-power charging sites across Europe.
✅ Blink Charging raised ~US$113 million via ATM equity programs (late 2023-early 2024) for US expansion, Level 2/DC fast chargers, and manufacturing.

Market Dynamics & Key Insights
✅ Drivers: Surging EV adoption (>30 million units globally by 2025), government funding (>US$120 billion 2022-2025 in Europe/China/India), utility participation reducing grid costs, fleet electrification, and renewable/smart charging demand.
✅ Key focus: AC charging dominates (60.7% share in 2024) for home/workplace; DC fastest-growing for highways/fleets. North America leads (40.01% share in 2024); Asia-Pacific fastest-growing with electrification scale.
✅ Restraints: Grid upgrade needs, interoperability challenges, and high initial costs (implied).
✅ Highly competitive with focus on speed, reliability, cost-efficiency, and grid-interactive tech.

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Segmentation
☛ By Charger Type
Slow Charger; Fast Charger (DC fast charging growing rapidly for highways/fleets).
☛ By Charging Type
AC (dominates with 60.7% share in 2024, lower cost/home compatibility); DC (fastest-growing for rapid charging).
☛ By Connector Type
CHAdeMO; CCS; Others.
☛ By Connectivity
Non-connected Charging Stations; Connected Charging Stations.
☛ By End-User
Commercial; Residential.

Regional Analysis
» North America leads the global EV charging infrastructure market with the largest revenue share of 40.01% in 2024; driven by US EV sales, NEVI funding ($5 billion for highways), incentives, and advanced networks (180,000+ public points).
» Asia-Pacific exhibits the fastest growth, supported by massive EV penetration in China, India initiatives (FAME-II, renewable hubs), government incentives, and infrastructure scale-up in Japan/South Korea.
» Europe shows strong demand fueled by policy support, IONITY expansions, and renewable/grid-interactive focus.
» The Middle East and Africa, along with South America, hold emerging potential with increasing electrification investments.

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