EV charging infrastructure market predicted to grow by almost 50 per cent by 2025

The global electric vehicle charging infrastructure market is expected to reach US$45.59 billion by 2025, growing at a CAGR of 46.8 per cent from 2017 to 2025, according to a new report by Grand View Research. Governments around the world are encouraging the adoption of electric vehicles and incentive programs, such as tax rebates, grants, and subsidies, have been launched to promote the same. The increasing adoption of electric vehicles is expected to be more in the passenger cars segment, in comparison wi
May 19, 2017 Read time: 2 mins
The global electric vehicle charging infrastructure market is expected to reach US$45.59 billion by 2025, growing at a CAGR of 46.8 per cent from 2017 to 2025, according to a new report by Grand View Research. Governments around the world are encouraging the adoption of electric vehicles and incentive programs, such as tax rebates, grants, and subsidies, have been launched to promote the same.


The increasing adoption of electric vehicles is expected to be more in the passenger cars segment, in comparison with the commercial vehicle segment. The increase in adoption can be attributed to the growing research and development activities and initiatives undertaken to improve the existing EV models, and make them competitive with the available fuel-powered car models. Furthermore, companies are working towards upgrading electric vehicle supply equipment (EVSE) to make them more convenient.

The fast chargers segment is expected to exhibit the greatest growth, with an estimated CAGR of around 47.9 per cent from 2017 to 2025.

Leading automakers are observed investing heavily in promoting EV charging infrastructure; 1731 BMW, 2069 Daimler, 278 Ford and 994 Volkswagen have announced an investment plan for the development of 400 charging sites across Europe.

The North American region is projected to dominate the EV charging infrastructure, as it is expected to witness significant growth in electric vehicle sales.

For more information on companies in this article

Related Content

  • Netherlands to get nationwide network of EV fast-charging stations
    July 8, 2013
    By 2015, electric vehicle (EV) drivers in the Netherlands will never be more than 50 kilometres from a fast charging station. Power and automation technology company ABB has been selected by Fastned to supply chargers to more than 200 electric vehicle fast-charging stations in the Netherlands. Each of the more than 200 Fastned stations will be located a maximum of 50 kilometres apart along all Dutch highways. The stations will be equipped with several multi-standards fast chargers, such as the 50 kW Terra
    Read More
  • Key to EV roll-out is understanding drivers
    October 22, 2021
    Understanding EV technology and driver behaviour will be key to building out the world’s charging infrastructure. Andrew Stone finds out why from Bret Scott at Wejo
    Read More
  • Global ADAS market expected to grow 2012-2016
    April 17, 2014
    The latest report by Research and Markets, the Global Advanced Driver Assistance Systems (ADAS) Market Report, forecasts the Global Advanced Driver Assistance Systems (ADAS) market to grow at a CAGR of 22.59 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing adoption of safety measures. The Global ADAS market has also been witnessing the increasing deployment of ADAS in low-cost cars. However, ADAS are expensive and this could pose a challenge to t
    Read More
  • Dynamic charging boosts electric vehicles’ potential
    December 16, 2014
    With an increasing need to use electric vehicles in city centres to reduce pollution, David Crawford looks at various solutions to power delivery. The UN’s September 2014 Climate Summit has added fresh momentum to the drive to increase urban electric vehicle (EV) takeup. It has launched the Urban Electric Mobility Initiative, which wants to see EVs accounting for 30% of all urban travel by 2030, and make cities worldwide more friendly to their use. Encouragingly, the plan is being well supported by commerci
    Read More

Highlighted Content