North America's electric vehicle charging stations market is estimated to attain US$5.76 billion by 2029, from US$2.92 billion in 2024, growing at a CAGR of 14.53%.
An EV (electric vehicles) charging station is a hub or center that offers charging solutions to these vehicles. This links an EV to a power source, allowing electric vehicles, like passenger cars, two/three-wheel EVs, fleets, and electric transport vehicles, to charge their batteries. The EV charging station market is expected to grow significantly in North America, mainly with the increasing ownership of electric vehicles and theintroduction of new policies and investment plants to boost the nation's EV infrastructure.
One of the major driving factors estimated to boost the North American electric vehicle charging station market forward is the increasing demand for electric vehicles in the region. The demand for electric vehicles in countries like Canada and the USA is increasing rapidly, mainly due to theintroduction of favorable government policies and innovation in electric vehicle technology. The region's government has also implemented multiple policies and strategic projects to develop the nation's EV infrastructure, pushing the market share of electric vehicle charging stations.
North America Electric Vehicle Charging Stations Market Drivers:
- Introduction of policies and projects by the governments
The implementation of new and favorable policies introduced by the countries in the North American region is estimated to propel the region's charging station market expansion. The governments of multiple countries like Canada, the USA, and Mexico have introduced various policies and subsidies to develop the EV charging ecosystem. For instance, thegovernment of Canada introduced anew zero-emission vehicle charging station policy, which has been approved to build over 25,000 electric vehicle chargers nationwide. Similarly, the Office of Energy Efficiency & Renewable Energy Department of the US Government approved about US$1.3 billion in funding to expand thenation's electric charging network and alternative fueling infrastructure.
Reasons for buying this report::
- Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub- segments.
- Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
- Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
- Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
- Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
- Historical data & forecasts from 2022 to 2029
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
The North American Electric Vehicle Charging Stations market is segmented and analyzed as follows:
- By Vehicle type
- Battery Electric Vehicle (BEVs)
- Plug-in Hybrid Electric Vehicle (PHEV)
- By Application
- Commercial
- Residential
- By Charging type
- AC Charging (Level 1 and Level 2)
- DC Charging
- By Country
- USA
- Canada
- Mexico
An EV (electric vehicles) charging station is a hub or center that offers charging solutions to these vehicles. This links an EV to a power source, allowing electric vehicles, like passenger cars, two/three-wheel EVs, fleets, and electric transport vehicles, to charge their batteries. The EV charging station market is expected to grow significantly in North America, mainly with the increasing ownership of electric vehicles and theintroduction of new policies and investment plants to boost the nation's EV infrastructure.
One of the major driving factors estimated to boost the North American electric vehicle charging station market forward is the increasing demand for electric vehicles in the region. The demand for electric vehicles in countries like Canada and the USA is increasing rapidly, mainly due to theintroduction of favorable government policies and innovation in electric vehicle technology. The region's government has also implemented multiple policies and strategic projects to develop the nation's EV infrastructure, pushing the market share of electric vehicle charging stations.
North America Electric Vehicle Charging Stations Market Drivers:
- Introduction of policies and projects by the governments
The implementation of new and favorable policies introduced by the countries in the North American region is estimated to propel the region's charging station market expansion. The governments of multiple countries like Canada, the USA, and Mexico have introduced various policies and subsidies to develop the EV charging ecosystem. For instance, thegovernment of Canada introduced anew zero-emission vehicle charging station policy, which has been approved to build over 25,000 electric vehicle chargers nationwide. Similarly, the Office of Energy Efficiency & Renewable Energy Department of the US Government approved about US$1.3 billion in funding to expand thenation's electric charging network and alternative fueling infrastructure.
Reasons for buying this report::
- Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub- segments.
- Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
- Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
- Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
- Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
- Historical data & forecasts from 2022 to 2029
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
The North American Electric Vehicle Charging Stations market is segmented and analyzed as follows:
- By Vehicle type
- Battery Electric Vehicle (BEVs)
- Plug-in Hybrid Electric Vehicle (PHEV)
- By Application
- Commercial
- Residential
- By Charging type
- AC Charging (Level 1 and Level 2)
- DC Charging
- By Country
- USA
- Canada
- Mexico
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. NORTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY VEHICLE TYPE
6. NORTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY APPLICATION
7. NORTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY CHARGING TYPE
8. NORTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY COUNTRY
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
10. COMPANY PROFILES
Companies Mentioned
Some of the key companies profiled in this North America Electric Vehicle Charging Stations Market report include:- Electrify America LLC.
- Evgo Services LLC.
- Tesla, Inc.
- ABB
- Bosch Automotive Service Solutions Inc.
- ChargePoint Inc.
- Delta Electronics Inc.
- Siemens AG
- EV Connect, Inc.
- EvoCharge Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 92 |
| Published | October 2024 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value ( USD | $ 2.92 Billion |
| Forecasted Market Value ( USD | $ 5.76 Billion |
| Compound Annual Growth Rate | 14.5% |
| Regions Covered | North America |
| No. of Companies Mentioned | 10 |
