Electric Vehicle Charging Infrastructure Market to Reach USD 147.94 Billion by 2030 | Reports and Data

NEW YORK, June 9, 2020 /PRNewswire/ -- The global electric vehicle charging infrastructure market is forecast to reach USD 147.94 Billion by 2030, according to a new report by Reports and Data. Governments across the globe are investing heavily in the charging infrastructure to create opportunities for the OEMs to expand their business and revenue. The Asia Pacific and European regions are leading the adoption of these vehicles to curb the level of air pollution and emission of greenhouse gases (GHGs).


However, the high cost required in the initial investment, overhaul, and maintenance is hindering the market's development. The dramatic reduction in local air pollution, greenhouse gas emissions and resulting climate change impacts, and less oil usage from the transport sector due to the usage of electric vehicles promise a breakthrough in the future transportation sector.

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The EV30@30 projects a policy case emphasizing the widespread adoption of electric vehicles (EVs), which is in line with the EV30@30 campaign, which started at the Eighth Clean Energy Ministerial in the year 2017. The campaign set the combined ambitious target for all EVI (Electric Vehicle Initiative) members of a 30.0% share of the market for EVs in total vehicles (excluding two-wheelers) by the year 2030. Under the EV30@30 Scenario, electric vehicle sales are likely to reach 44 million vehicles/year by 2030.

The COVID-19 impact:

Due to the COVID 19 pandemic, not only are the production lines in most electric car plants at a standstill but now the first effects on charging infrastructure are becoming apparent. This concerns both the maintenance and distribution of the pillars and the production of charging points. Pod Point and Ubitricity, for example, are postponing charging point installations in the United Kingdom that are currently not necessary.

The most sudden and visible effect of the virus in the traditional automotive industry induces the standstill of much original equipment manufacturer and supplier factories, which will produce 7.5 million fewer vehicles in 2020. At the peak of the crisis, over 90% of the factories in Europe, China, and North America were closed. The stock market and vehicle sales have plummeted, and automakers & suppliers have laid-off workers. Many have secured capital by either seeking investor money or applying for government assistance, while others have suspended dividend payments and extended their credit lines.

Electric Vehicle Charging Infrastructure Market By Infrastructure Provider (Charging Point Operator, E-Mobility Service Provider, Charging Hubs), By Charging Infrastructure Type, By Charging Level, By Vehicle Type, By Installation Type, And By Application, Forecasts To 2030, To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/electric-vehicle-charging-infrastructure-market

Further key findings from the report suggest

    --  CHAdeMO is a standard for DC fast charging, enabling fast charging of
        the electric vehicles. CHAdeMO is the compressed form for CHArge de MOde
        and was developed in the year 2010 by a collaboration of Japanese
        Electric Vehicle manufacturing firms and TEPCO (Tokyo Electric Power
    --  All the electric vehicles come with a 120-volt level 1 portable charger.
        These chargers can be plugged into a simple household outlet, and do not
        require any special installation. Most manufacturers provide a basic
        level 1, 120 Volt charger, and these can take between 8 & 20 hours,
        depending on the battery capacity of the vehicle.
    --  Electric bikes provide new potential, especially in leisure traffics and
        are in high demand in several tourist destinations. To promote the
        health environment, the presence of an e-bike charging infrastructure is
        crucial. Some of the most popular locations for e-bike charging stations
        are tourist attractions, restaurants, snack bars, accommodations, and
        leisure facilities or sights.
    --  The pressing environmental concerns comprising traffic congestion and
        pollution in the Asia Pacific region has led to a greater emphasis on
        the sale of electric vehicles with 56.0% of the sales coming from East
        Asia and 37.0% of Southeast Asia ready to buy an electric vehicle. The
        Asia Pacific region held a significant market share of electric vehicle
        charging stations in the year 2019 and is likely to witness a healthy
        growth rate of 39.6% in the forecast period.
    --  Key participants include Chargepoint, Inc., ABB Ltd., Tesla Inc., BP
        Chargemaster, EVGO Services LLC, Semaconnect Network, Greenlots, and EV
        Connect, among others.
    --  In February 2020, Avis India, car rental service provider, announced to
        partner with Quikk India, an e-mobility service provider, for the
        development of integrated solutions intended for corporate electric
        mobility services. The firms in collaboration have developed a
        groundbreaking, integrated AI-based model, which combines transportation
        services, as well as access to robust charging infrastructure, at costs
        approximately equivalent to those of existing ICE vehicles.

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For the purpose of this report, Reports and Data have segmented the global Electric Vehicle Charging Infrastructure Market on the basis of infrastructure provider, charging infrastructure type, charging level, vehicle type, installation type, application, and region:

Infrastructure Provider Outlook (Revenue, USD Million; Volume, Thousand Units; 2017-2030)

    --  Charging Point Operator
    --  E-Mobility Service Provider
    --  Charging Hubs

Charging Infrastructure Type Outlook (Revenue, USD Million; Volume, Thousand Units; 2017-2030)

    --  CCS
    --  CHADEMO
    --  Normal Charging
    --  Tesla Supercharger
    --  TYPE-2 (IEC 62196)

Charging Level Outlook (Revenue, USD Million; Volume, Thousand Units; 2017-2030)

    --  Level 1 (120 V)
    --  Level 2 (208 V - 240 V)
    --  Level 3 (UPTO 600 V)

Vehicle Type Outlook (Revenue, USD Million; Volume, Thousand Units; 2017-2030)

    --  Electric bike
    --  Plug-in hybrid PHEV
    --  EV passenger cars
    --  Heavy delivery vans
    --  Others

Installation Type Outlook (Revenue, USD Million; Volume, Thousand Units; 2017-2030)

    --  Portable Charger
    --  Fixed Charger

Application Outlook (Revenue, USD Million; Volume, Thousand Units; 2017-2030)

    --  Public
    --  Private

Regional Outlook (Revenue, USD Million; Volume, Thousand Units; 2017-2030)

    --  North America
        --  U.S
        --  Canada
        --  Mexico
    --  Europe
        --  Germany
        --  France
        --  U.K
        --  France
        --  Denmark
        --  Norway
        --  Sweden
        --  Netherlands
        --  Rest of Europe
    --  Asia Pacific
        --  China
        --  Japan
        --  India
        --  South Korea
        --  Rest of APAC
    --  MEA
    --  Latin America
        --  Brazil
        --  Rest of LATAM

Browse more similar reports on Electric and Hybrid Vehicles category by Reports And Data

    --  Plug-in Hybrid Electric Vehicles (PHEV) Market:
    --  Hybrid Vehicles Market:

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