Electric Vehicle Charging Infrastructure Market Electric Vehicle Charging Infrastructure Market

Electric Vehicle Charging Infrastructure Market Size Worth
$45.59 Billion By 2025
“The global electric vehicle charging infrastructure market is expected to reach USD 45.59
billion by 2025. The growing demand for Electric Vehicles (EVs) is primarily responsible for the
aggressive growth of EV charging infrastructure”
The global electric vehicle charging infrastructure market is expected to reach USD
45.59 billion by 2025, according to a new report by Grand View Research, Inc.
Governments, across the globe, are striving to encourage the adoption of electric
vehicles. 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 & 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.
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