USA Electric Vehicle Charging Stations Market - Forecasts from 2024 to 2029

The USA electric vehicle charging stations market is anticipated to expand at a CAGR of 13.51% to attain US$3.40 billion by 2029 from US$1.80 billion in 2024.

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.

One of the major driving factors that is expected to propel the market growth of EV charging stations in the United States is the increasing sales of electric vehicles. The United States of America witnessed a massive increase in its total EV sales, which can be attributed to multiple factors. These factors include technological advancements, growing battery technology, and increasing public EV ecosystems nationwide. The International Energy Agency, in its electric car sales report, stated that the sales of EVs in the USA nearly doubled between 2021 and 2023. The total number ofelectric cars sold in the US in 2021 was recorded at about 0.6 million, which expanded to 1 million in 2022, reaching a total EV sold to 1.4 million in 2023.
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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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
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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