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karls scott @go_65e6e7b4cc973
7 months ago
Electric Vehicle Charging Station Industry 2023 - 2030 |

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The global electric vehicle charging station industry generated over USD 24.26 billion in 2022 and is expected to grow at a CAGR of 25.5% from 2023 to 2030. The EV charging station market is segmented into various types, such as charger type, vehicle type, connector type, and power source type. The enormous market growth is mostly attributable to the expansion of public and private sector efforts to persuade individuals to switch to electric vehicles (EVs). The use of electric vehicles has been encouraged by several government initiatives, which have also raised consumer awareness of their advantages.

The need for electric vehicle charging stations is therefore anticipated to increase dramatically. In addition, according to the International Energy Agency (IEA), in 2022, the electric car market witnessed exponential growth, with sales exceeding 10 million. China accounted for the largest market share, with around 60% of global electric car sales. On the other hand, in 2022, in Europe and the U.S., electric car sales grew by more than 15% and 55%, respectively.

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