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

  • European car manufacturers face world’s toughest CO2 targets
    July 12, 2012
    Following the adoption yesterday of the European Commission's proposals to reduce CO2 emissions from cars and vans, the European Automobile Manufacturers' Association (ACEA) says it will now work with its members to conduct a full analysis of how the proposed targets should be reached as well as their feasibility, and what this means in practice for the industry as a whole.
    Read More
  • Investment and innovation the future of ITS
    January 31, 2012
    Cisco's Paul Brubaker, former administrator of the US Department of Transportation's (USDOT's) Research and Innovative Technology Administration (RITA), takes a look at how the ITS sector is starting to attract the attention of major corporations and what this will mean for intelligent transportation in the coming years
    Read More
  • Gridserve EV forecourt coming to Gatwick 
    December 13, 2021
    Each hub can add up to 100 miles of range in less than 10 minutes, firm says 
    Read More
  • Smart mobility on the rise, says ABI Research
    May 10, 2016
    As extreme pollution and congestion in urban areas coupled with limited transportation options continues to challenge major cities across the globe, market intelligence firm ABI Research, predicts an imminent rise in smart electric mobility. Data analysis forecasts global electric vehicle revenue will hit US$58 billion in 2021, more than five times its market value in 2015. "The role of vehicle electrification in urban areas is part of a broader smart mobility model that includes shared vehicles, chargi
    Read More

Highlighted Content