Global Electric Vehicle Charging Infrastructure Market Research Report: Forecast (2023-2028)

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Electric Vehicle Charging Infrastructure Market
2023-2028
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Market Insights
The Global Electric Vehicle Charging
Infrastructure Market is projected to grow at a
CAGR of more than 35 during the forecast period,
i.e., 2023-28. The market witnessed significant
growth during the historical period. Due to the
factors such as sustainability
eco-friendliness, the development of electric
vehicles has constantly been rising. In addition,
there is a meaningful need for electric mobility
to resist the increasing levels of carbon dioxide
emissions and other hazardous, harmful pollutants
caused by transportation. Accordingly, there is a
consumption shift from internal combustion engine
vehicles to electric vehicles, thus bolstering
its advancement to cater to the proliferating
needs. Consequently, there is a growing demand
for electric vehicle charging infrastructure in
industrial and residential applications.
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Market Driver
Key Driver Heightened Sales of Electric Vehicles
Countries like China, The United States, and
Germany are spending heavily on research and
development of electric vehicle charging
infrastructures. Furthermore, as advanced
technology has infiltrated and propelled EV
sales, technologically advanced charging
infrastructures are also gaining traction.
Further, with options to discover local charging
stations, providing real-time information on
vacant slots, and the convenience of scheduling,
the industry shall confront up scaled demand and
growth in further years. Furthermore, with the
implementation of various government initiatives
to choose electric vehicles, the market would
grow as the need for supercharging stations
increases.
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Market Segmentation
By Charger Type Wall Mounted, Pedestal Mounted,
Roof Mounted
By Vehicle Type Passenger Cars, Light Commercial
Vehicles, Medium Heavy Commercial Vehicles
By Location Residential, Commercial
By Region North America, South America, Europe,
Asia Pacific, Middle East and Africa
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