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

  • Singapore introduces new vehicle emissions scheme
    March 8, 2017
    In an effort to improve air quality, Singapore is to introduce the Vehicular Emissions Scheme (VES) to replace the Carbon Emissions-Based Vehicle Scheme (CEVS) for all new cars, taxis and newly imported used cars with effect from 1 January 2018. The new scheme will cover four more pollutants to reduce harmful vehicle emissions and will be applicable for all cars and taxis registered from 1 January 2018 to 31 December 2019. The VES rebate or surcharge for a car or taxi will be determined by its worst-perf
    Read More
  • Chargefox to implement EV ultra-rapid charging stations in Australia
    October 26, 2018
    Australian Start-up Chargefox has secured AUS$15 million to build an ultra-rapid network of charging stations for electric vehicles (EV) in the south-eastern state of Victoria. The company says the chargers will allow drivers to travel between major cities. The EV chargers are expected to supply 400km of range in 15 minutes with a power output of up to 350kW. The fund was provided by grants from the Victorian government and the Australian Renewable Energy Agency. It also includes an investment from
    Read More
  • Mileage based charging offers secure future for funding
    August 10, 2016
    HNTB’s Matthew Click sets out why a move to mileage-based pricing is inevitable. Infrastructure is the most neglected yet the most critical engine of our society, and our continued indifference could lead to a dystopian future. Our roads, bridges and highways have been largely passed by in the digital age—marginalised in an era when funding is limited and stewardship of physical assets has given way to our preoccupation with technological innovation and data—the stuff of the virtual realm.
    Read More
  • Hydrogen filling station operating in California
    April 11, 2012
    Linde North America, a specialist in the design, construction and operation of hydrogen vehicle fuelling systems, has commissioned an installation at AC Transit, the bus operator for 13 cities in the East Bay Area, including Emeryville, Oakland and Berkeley, and also operates trans-bay service to San Francisco. The Emeryville hydrogen fuelling station, which is now fuelling 12 fuel cell buses and up to 20 passenger cars a day, is one of two Linde is supplying to AC Transit. The second, located at the Oaklan
    Read More

Highlighted Content