Automotive and Transportation EV Charging Station Market Research Report | Page 3

Electric Vehicle Charging Station Market
The increasing competition in the hospitality industry has been emerging as boon for the EV chargers market. In
order to provide value-added services to their customers, the hospitality companies offer EV charging facilities,
which is increasing the demand of EV charging stations from the hospitality industry. The large multinational
corporations as a part of employee welfare also offer EV charging facilities.
The market for electric vehicles in Asia-Pacific has been propelling, owing to the growing concern of government
about environmental pollution. China is the forerunner in the EV market of Asia-Pacific, while the other major
economies such as Japan, Australia, South Korea and India are also witnessing an increase in the number of
electric vehicle sales. Owing to the increasing number of electric vehicles in the country, the government in
China has recently announced a funding of $16 billion for the installation of new EV charging stations.
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