Automotive and Transportation EV Charging Station Market Research Report | Page 2

Electric Vehicle Charging Station Market
The global electric vehicle charging station market grew from an estimated $1,645.6 million in 2015 and is
expected to reach $29,683.3 million by 2022 growing at a CAGR of 51.7% during 2016 – 2022. The global market
is categorized into AC and DC charging stations based on the source of charging. DC charging stations are
comparatively costlier than its AC counterpart, which is why the market share of AC charging station in terms of
volume is much higher, as compared to that in terms of value. The demand for EV charging stations in public
sector has been increasing.
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