Electric Vehicle Charging Station Market worth 30,758 thousand units by 2027 - Exclusive Report by MarketsandMarkets Electric Vehicle Charging Station Market by Level of Charging (Level 1, Level 2 & Level 3, By Charging Infrastructure (Normal Charge, Type-2, CCS, CHAdeMO and Tesla Supercharger), DC fast Charging (Fast & Ultra-fast) - Global Forecast to 2027 , published by MarketsandMarkets, the global Electric Vehicle Charging Station Market size is projected to grow from 2,115 thousand units in 2020 to reach 30,758 thousand units by 2027, at a CAGR of 46.6%.
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Factors such as growing demand for energy-efficient commuting and governments supporting electric vehicles through subsidies & tax rebates have led to automakers adopting to electric vehicles and growth of electric vehicle charging stations market.
Factors such as growing demand for energy-efficient commuting and governments supporting electric vehicles through subsidies & tax rebates have led to automakers adopting to electric vehicles and growth of electric vehicle charging stations market.
Growing concerns over increased pollution by the automotive industry is the prime reason government bodies are promoting electric vehicles over conventional ones. They have recognized the need for promoting energy-efficient vehicles to reduce the increasing pollution. To attract and encourage people to buy electric vehicles and electric vehicle charging stations, government bodies of different countries are introducing lucrative schemes and incentives that include formidable discounts, lower electricity cost for charging, lower set-up cost of EV chargers, subsidies for setting up EV chargers which in some countries may go upto 1/3rd of setup cost.
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The global electric scooter and motorcycle market size is projected to reach 5,948 thousand units by 2027, from an estimated 861 thousand units in 2020, at a CAGR of 31.8%.
Governments are supporting electric two-wheelers through subsidies & tax rebates and by building charging infrastructure with the help of OEMs, which is compelling two-wheeler OEMs to explore beyond the use of conventional internal combustion engines (ICE) in two-wheelers.
Increased demand for efficient and eco-friendly vehicles will boost the electric scooter and motorcycle market. Consumers from developing countries are already feeling the heat of the increasing cost of petrol. Electrical two-wheelers will run on electricity, which is expected to reduce the operating cost of these vehicles. However, the lack of charging infrastructure creates a hurdle for the growth of the electric scooter and motorcycle market. To make the electric t
Complete EV charge point solution Electric vehicle (EV) charging consultancy, Versinetic, is making available a suite of bespoke charging solutions aimed at accelerating the rapid rollout of smart charge points.
Despite growing EV adoption, there is still a need for more rapid development of EV charging solutions, which Versineticâs full suite of hardware and software solutions, called Charging Blox, looks to address.
The suite comprises of versatile conceptualised product and service modules, which allow manufacturers to build a totally custom EV charging solution and includes: the MANTARAY Smart Charge Point Communications Controller for seamless control of charging stations, and management of all aspects of a charge point using Open Charge Point Protocol (OCPP) for maximum compatibility. MantaRay gives manufacturers the versatility to manage AC and DC charge points with OCPP 1.6 or 2.0 and their own back-office solution.