Electric Vehicle Market Size, Growth, Forecast, Opportunities by 2030 Electric Vehicle Market Size, Growth, Forecast, Op | Page 5

Besides Tesla, ABB and Tritium have introduced super-fast charging technologies, 350 kW
Terra HP and Veefil-PK, respectively. Additionally, JET Charge have installed super-high
charging power stations in Australia. Innovations by global as well as some key regional
players are expected to open new avenues for the growth of this segment over the next
few years.
North America: The US is expected to lead the North American market
North America is estimated to be the fastest growing market during the forecast period.
North America comprises developed economies such as the US & Canada and is home to
many leading players such as Tesla and Ford and charging infrastructure companies such
as ChargePoint, Leviton, and Car Charging Group. Infrastructural developments and
industrialization in developed economies have opened new avenues, creating several
opportunities for OEMs. The implementation of new technologies and the establishment
of new government regulations are driving the electric vehicle market in this region.
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