An EV (electric vehicle) charging station is a hub that offers charging solutions for these vehicles. It connects an electric vehicle to a power source, enabling various types of electric vehicles, including 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 the USA.
This growth is mainly due to the increasing ownership of electric vehicles and theintroduction of new policies and investment plants boosting the nation's EV infrastructure. The increasing governmental initiative towards the zero-emission and sustainable automotive sector and theintroduction of new technologies like self-driving, high-speed charging, and V2G are also attracting new consumers, propelling the market growth.
USA Electric Vehicle Charging Stations Market Drivers:
- The increasing sales of electric vehicles.
The total number of battery electric vehicles (BEVs) in the nation also grew significantly. IEA, in its global EV stock report, stated that in 2021, the USA had a total EV stock of about 1.5 million, which expanded to about 2.1 million in 2022. In 2023, this figure was estimated at 3.5 million units, marking a massive growth in the EV industry, which is further expected to boost the nation's EV charging station market forward.
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- Historical data & forecasts from 2022 to 2029
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TheUSA Electric Vehicle Charging Stations Market is segmented and analyzed as follows:
- By Vehicle Type
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- By Application
- Commercial
- Residential
- By Charging Type
- AC Charging (Level 1 and Level 2)
- DC Charging
Table of Contents
Companies Mentioned
Some of the key companies profiled in this USA Electric Vehicle Charging Stations Market report include:- ABB Ltd.
- Bosch Automotive Service Solutions Inc.
- ChargePoint Inc.
- Delta Electronics Inc.
- Siemens AG
- Tesla Inc.
- EV Connect, Inc.
- EvoCharge Inc.
- Electrify America
- EVgo Network
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 85 |
Published | September 2024 |
Forecast Period | 2024 - 2029 |
Estimated Market Value ( USD | $ 1.8 Billion |
Forecasted Market Value ( USD | $ 3.4 Billion |
Compound Annual Growth Rate | 13.5% |
Regions Covered | United States |
No. of Companies Mentioned | 10 |