BlueWeave Consulting Global Electric Vehicle (EV) Charging Station Mark

Electric Vehicle (EV) Charging Station Market By Product Type, By AC
EV Charging Station, By DC EV Charging Station, By Installation Type,
By Supplier Type, By Region, Size And Forecast, 2018-2025
Global Electric Vehicle (EV) Charging Station Market: Overview
According to a new market report published by BlueWeave Consulting, the global electric vehicle (EV)
charging station market was valued around USD 3.58 Billion in 2017 and is expected to expand at over a
CAGR of 29% from 2018 to 2025, by value, reaching around USD 28.93 Billion by the end of the forecast
period. According to the report, Asia Pacific was the largest contributor in terms of revenue to global
electric vehicle (EV) charging station market in 2017.
Increasing supportive initiatives by the government to accelerate the growth of the EV and EV
charging station market is driving the electric vehicle (EV) charging station market.
Sample copy of Study Report on Electric Vehicle (EV) Charging Station Market is Available:
https://bit.ly/2tkl8Ga
Electric vehicles provide great potential to radically reduce local air pollution, greenhouse gas emissions,
resulting climate change impacts, and oil use from the transport sector. With the steady decrease in the
price of electric vehicles, the transition seems to become more feasible. This potential is facilitated and
made compelling by the ubiquity of electricity and the emerging availability of low-carbon, renewable
energy sources.
Governmental support policies are one of the possibilities to overcome the challenges of an emerging
market. There is a wide array of policy implemented by government to support the introduction of EVs
and charging infrastructure. For instance, the Indian government under the Ministry of Heavy Industries
and Public Enterprises has launched the FAME scheme (Faster Adoption and Manufacturing of (Hybrid
&) Electric Vehicles in India) in 2015 under the National Electric Mobility Mission Plan 2020 (NEMMP
2020), to promote faster transformation from Internal Combustion Engines (ICE) to EVs. Governments at
the local, regional, and even national levels all around the world have used various strategies to
promote public as well as private charging infrastructure. Successful programs have evidently engaged
many stakeholders through integration of driver feedback on charger deployment, distribution of
funding to local governments, creation of public-private partnerships, implementation of smart charging
systems, and consultation with electric utilities. In order to address the shifting needs in this growing
market, governments are creating and funding programs that target challenging market segments, such
as curbside multi-unit dwellings, charging stations, and intercity fast charging.