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U.S. Electric Vehicle (EV) Charging Infrastructure Market Size, Share & Trends Analysis Report By Charger Type, By Connector Type, By Level of Charging, By Connectivity, By Application, And Segment Forecasts, 2023 - 2030

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    Report

  • 105 Pages
  • April 2023
  • Region: United States
  • Grand View Research
  • ID: 5595813
The U.S. electric vehicle charging infrastructure market size is expected to reach USD 24.07 billion by 2030, expanding at 29.1% CAGR from 2023 to 2030. The market growth can be attributed to the growing environmental concerns and rising demand for sustainable and energy-efficient transportation. Additionally, the increasing advancement in communication technologies such as the availability of real-time information on all the electric vehicle charging stations for better connectivity will propel the market growth.

Several electric vehicle charging station providers are focused on launching innovative payment technologies on all of their stations across the U.S. to provide a better customer experience. For instance, in November 2020, Electrify America, an electric vehicle charging station provider, launched the Plug&Charge payment capability on all its charging stations across the U.S. The charger efficiently communicates with the vehicle to authenticate, identify, authorize, and bill the customer's registered account for the charging session. The entire process allows for a seamless charging experience for the customer.

The technological progress of both the charging software and hardware is expected to change the way electric vehicle owners use and benefit from electric vehicle charging applications. Technologies such as Smartcar API and charging networks precisely determine an electric vehicle’s charge time even before the car driver plugs the car into a station. Such initiatives are expected to drive the market’s growth. Additionally, green energy is expected to play a significant role in the growth of both public and residential electric vehicle charging spaces.

The COVID-19 pandemic had an adverse impact on the market. The lack of electric vehicle charging infrastructure (EVCI) is seen as a major impediment to the electric vehicle sector. However, as governments across the globe are focusing on emerging from this global pandemic with a stronger and more resilient economy, electric vehicles are expected to continue to gain significant attention. For instance, in the U.S., California is emerging with strong electric vehicle targets, which is expected to have a positive impact on the electric vehicle charging infrastructure industry over the forecast period.

U.S. Electric Vehicle Charging Infrastructure Market Report Highlights

  • Technological progress in battery technology and the growing impetus on autonomous vehicles are driving the U.S. electric vehicle charging infrastructure industry’s growth. In addition, eco-friendly benefits offered by EVs also help increase their sales
  • Consumers’ preference for using electric vehicles for long-distance travel and increasing deployment of electric vehicle charging infrastructure by corporates is anticipated to drive the U.S. demand for fast chargers over the forecast period
  • Easy integration with smart grid infrastructure and bi-directional charging capability is anticipated to drive the growth of the CHAdeMO segment over the forecast period
  • The level 3 charging level segment is expected to witness the fastest growth over the forecast period. The growth can be attributed to the ability of level 3 charging stations to fast charge EVs, with time ranging from an hour to just fifteen minutes. Growing deployment for commercial charging stations is anticipated to boost the growth of level 3 chargers
  • Connected charging stations are expected to witness the highest growth over the forecast period. The growth of the segment can be attributed to its ability to establish a wireless connection, which allows real-time communication between the charging station, EV driver, maintenance, and service provider
  • The commercial segment is anticipated to gain traction owing to the rise in the deployment of fast-charging stations across highways, hotels, shopping malls, and public parking facilities

Table of Contents

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 U.S. Electric Vehicle Charging Infrastructure (EVCI) Industry Outlook
3.1 Market Segmentation & Scope
3.2 U.S. Electric Vehicle Charging Infrastructure (EVCI) - Value Chain Analysis
3.3 U.S. Electric Vehicle Charging Infrastructure (EVCI) - Market Dynamics
3.3.1 Market driver analysis
3.3.1.1 Growing contribution of transportation sector toward carbon emissions
3.3.1.2 Advances in battery technology and growing emphasis on autonomous vehicles
3.3.1.3 Government regulations and tax exemptions further promote the adoption of EVs
3.3.2 Market restraint analysis
3.3.2.1 High costs of setting-up EV infrastructure
3.3.2.2 Need for dedicated charging space and fluctuating power tariffs
3.3.2.3 Emergence of hydrogen fuel cell vehicles
3.3.3 Market opportunity analysis
3.3.3.1 Declining lithium-ion battery costs
3.4 U.S. Electric Vehicle Charging Infrastructure Market - Porter’s Five Forces Analysis
3.5 U.S. Electric Vehicle Charging Infrastructure Market - PESTEL Analysis
3.6 U.S. Electric Vehicle Charging Infrastructure (EVCI) - Trend Analysis
3.7 U.S. Electric Vehicle Charging Infrastructure - Pricing Analysis
3.8 U.S. Electric Vehicle Charging Infrastructure Market - Evolving Role Of Utility Companies
Chapter 4 U.S. Electric Vehicle Charging Infrastructure (EVCI) Charger Type Outlook
4.1 U.S. Electric Vehicle Charging Infrastructure (EVCI) Market Share, By Charger Type, 2022
4.1.1. U.S. electric vehicle charging infrastructure market, by charger type, 2017 - 2030 (USD Million, Units)
4.2 Slow Charger
4.2.1 Slow charger in U.S. electric vehicle charging infrastructure market, 2017 - 2030 (USD Million, Units)
4.3 Fast Charger
4.3.1 Fast charger in U.S. electric vehicle charging infrastructure market, 2017 - 2030 (USD Million, Units)
Chapter 5 U.S. Electric Vehicle Charging Infrastructure (EVCI) Connector Type Outlook
5.1 U.S. Electric Vehicle Charging Infrastructure (EVCI) Market Share, By Connector Type, 2022
5.1.1. U.S. electric vehicle charging infrastructure market, by connector type, 2017 - 2030 (USD Million, Units)
5.2 CHAdeMO
5.2.1 CHAdeMO in U.S. electric vehicle charging infrastructure market, 2017 - 2030 (USD Million, Units)
5.3 Combined Charging System (CCS)
5.3.1 Combined Charging System (CCS) in U.S. electric vehicle charging infrastructure market, 2017 - 2030 (USD Million, Units)
5.4 Others
5.4.1 Other connectors in the electric vehicle charging infrastructure market, 2017 - 2030 (USD Million, Units)
Chapter 6 U.S. Electric Vehicle Charging Infrastructure (EVCI) Level of Charging Outlook
6.1 U.S. Electric Vehicle Charging Infrastructure (EVCI) Market Share, By Level of Charging, 2022
6.1.1. U.S. electric vehicle charging infrastructure market, by the level of charging, 2017 - 2030 (USD Million, Units)
6.2 Level 1
6.2.1 Level 1 U.S. electric vehicle charging infrastructure market, 2017 - 2030 (USD Million, Units)
6.3 Level 2
6.3.1 Level 2 U.S. electric vehicle charging infrastructure market, 2017 - 2030 (USD Million, Units)
6.4 Level 3
6.4.1 Level 3 U.S. electric vehicle charging infrastructure market, 2017 - 2030 (USD Million, Units)
Chapter 7 U.S. Electric Vehicle Charging Infrastructure (EVCI) Connectivity Outlook
7.1 U.S. Electric Vehicle Charging Infrastructure (EVCI) Market Share, By Connectivity, 2022
7.1.1. U.S. electric vehicle charging infrastructure market, by connectivity, 2017 - 2030 (USD Million, Units)
7.2 Non-connected charging station
7.2.1 Non-connected charging stations in U.S. electric vehicle charging infrastructure market, 2017 - 2030 (USD Million, Units)
7.3 Connected charging stations
7.3.1 Connected charging stations in U.S. electric vehicle charging infrastructure market, 2017 - 2030 (USD Million, Units)
Chapter 8 U.S. Electric Vehicle Charging Infrastructure (EVCI) Application Outlook
8.1 U.S. Electric Vehicle Charging Infrastructure (EVCI) Market Share, By Application, 2022
8.1.1. U.S. electric vehicle charging infrastructure market, by application, 2017 - 2030 (USD Million, Units)
8.2 Commercial
8.2.1 U.S. electric vehicle charging infrastructure market in commercial application, 2017 - 2030 (USD Million, Units)
8.2.2 Destination Charging Stations
8.2.2.1 U.S. Electric vehicle charging infrastructure market at destination charging stations, 2017 - 2030 (USD Million, Units)
8.2.3 Highway Charging Stations
8.2.3.1 U.S. electric Vehicle Charging Infrastructure market at highway charging stations, 2017 - 2030 (USD Million, Units)
8.2.4 Bus Charging Stations
8.2.4.1 U.S. electric Vehicle Charging Infrastructure market at bus charging stations, 2017 - 2030 (USD Million, Units)
8.2.5 Fleet Charging Stations
8.2.5.1 U.S. electric Vehicle Charging Infrastructure market at fleet charging stations, 2017 - 2030 (USD Million, Units)
8.2.6 Other Charging Stations
8.2.6.1 U.S. electric Vehicle Charging Infrastructure market at other charging stations, 2017 - 2030 (USD Million, Units)
8.3 Residential
8.3.1 U.S. electric Vehicle Charging Infrastructure Market in Residential Application, 2017 - 2030 (USD Million, Units)
8.3.2 Private Houses
8.3.2.1 U.S. electric Vehicle Charging Infrastructure market at private houses, 2017 - 2030 (USD Million, Units)
8.3.3 Apartments
8.3.3.1 U.S. electric Vehicle Charging Infrastructure market at apartments, 2017 - 2030 (USD Million, Units)
Chapter 9 Competitive Landscape
9.1 Recent Developments and Impact Analysis, by Key Market Participants
9.2 Company Categorization
9.3 Vendor Landscape
9.3.1 Key company market share analysis, 2022
9.4 Company Analysis Tool
9.4.1 Company Market Position Analysis
9.4.2 Company Dashboard Analysis
Chapter 10 Competitive Profiles
10.1 ChargePoint, Inc.
10.1.1 Company overview
10.1.2 Financial performance
10.1.3 Product benchmarking
10.1.4 Strategic initiatives
10.2 Leviton Manufacturing Co., Inc.
10.2.1 Company overview
10.2.2 Financial performance
10.2.3 Product benchmarking
10.2.4 Strategic initiatives
10.3 SemaConnect, Inc.
10.3.1 Company overview
10.3.2 Financial performance
10.3.3 Product benchmarking
10.3.4 Strategic initiatives
10.4 Tesla, Inc.
10.4.1 Company overview
10.4.2 Financial performance
10.4.3 Product benchmarking
10.4.4 Strategic initiatives
10.5 ClipperCreek, Inc.
10.5.1 Company overview
10.5.2 Financial performance
10.5.3 Product benchmarking
10.5.4 Strategic initiatives
10.6 General Electric Company
10.6.1 Company overview
10.6.2 Financial performance
10.6.3 Product benchmarking
10.6.4 Strategic initiatives
10.7 Delta Electronics, Inc
10.7.1 Company overview
10.7.2 Financial performance
10.7.3 Product benchmarking
10.7.4 Strategic initiatives
10.8 Webasto Group
10.8.1 Company overview
10.8.2 Financial performance
10.8.3 Product benchmarking
10.8.4 Strategic initiatives
10.9 ABB Ltd.
10.9.1 Company overview
10.9.2 Financial performance
10.9.3 Product benchmarking
10.9.4 Strategic initiatives
10.10 bp pulse
10.10.1 Company overview
10.10.2 Financial performance
10.10.3 Product benchmarking
10.10.4 Strategic initiatives
List of Tables
Table 1. U.S. electric vehicle charging infrastructure market, by charger type, 2017 - 2030 (USD Million, Units)
Table 2. Slow charger in U.S. electric vehicle charging infrastructure market, 2017 - 2030 (USD Million, Units)
Table 3. Fast charger in U.S. electric vehicle charging infrastructure market, 2017 - 2030 (USD Million, Units)
Table 4. U.S. electric vehicle charging infrastructure market, by connector, 2017 - 2030 (USD Million, Units)
Table 5. CHAdeMO in U.S. electric vehicle charging infrastructure market, 2017 - 2030 (USD Million, Units)
Table 6. Combined Charging System (CCS) in U.S. electric vehicle charging infrastructure market, 2017 - 2030 (USD Million, Units)
Table 7. Other connectors in U.S. electric vehicle charging infrastructure market, 2017 - 2030 (USD Million, Units)
Table 8. U.S. electric vehicle charging infrastructure market, by level of charging, 2017 - 2030 (USD Million, Units)
Table 9. Level 1 U.S. electric vehicle charging infrastructure market, 2017 - 2030 (USD Million, Units)
Table 10. Level 2 U.S. electric vehicle charging infrastructure market, 2017 - 2030 (USD Million, Units)
Table 11. Level 3 U.S. electric vehicle charging infrastructure market, 2017 - 2030 (USD Million, Units)
Table 12. U.S. electric vehicle charging infrastructure market, by connectivity, 2017 - 2030 (USD Million, Units)
Table 13. Non-connected charging stations in U.S. electric vehicle charging infrastructure market, 2017 - 2030 (USD Million, Units)
Table 14. Connected charging stations in U.S. electric vehicle charging infrastructure market, 2017 - 2030 (USD Million, Units)
Table 15. U.S. electric vehicle charging infrastructure market, by application, 2017 - 2030 (USD Million, Units)
Table 16. U.S. electric vehicle charging infrastructure market in commercial application, 2017 - 2030 (USD Million, Units)
Table 17. U.S. electric vehicle charging infrastructure market at destination charging stations, 2017 - 2030 (USD Million, Units)
Table 18. U.S. electric vehicle charging infrastructure market at highway charging stations, 2017 - 2030 (USD Million, Units)
Table 19. U.S. electric vehicle charging infrastructure market at bus charging stations, 2017 - 2030 (USD Million, Units)
Table 20. U.S. electric vehicle charging infrastructure market at fleet charging stations, 2017 - 2030 (USD Million, Units)
Table 21. U.S. electric vehicle charging infrastructure market at other charging stations, 2017 - 2030 (USD Million, Units)
Table 22. U.S. electric vehicle charging infrastructure market in residential application, 2017 - 2030 (USD Million, Units)
Table 23. U.S. electric vehicle charging infrastructure market at private houses, 2017 - 2030 (USD Million, Units)
Table 24. U.S. electric vehicle charging infrastructure market at apartments, 2017 - 2030 (USD Million, Units)
List of Figures
Fig. 1 Market segmentation & scope
Fig. 2 U.S. electric vehicle charging infrastructure market, 2017 - 2030 (USD Million)
Fig. 3 U.S. electric vehicle charging infrastructure market - Value chain analysis
Fig. 4 U.S. electric vehicle charging infrastructure - Market dynamics
Fig. 5 Atmospheric Carbon dioxide (CO2) concentration (ppm)
Fig. 6 Annual Carbon dioxide (CO2) emissions by country (Gigatonnes)
Fig. 7 Annual plug-in vehicle sales in the U.S. (Units)
Fig. 8 Lithium-ion battery pricing trend (2010-2016)
Fig. 9 U.S. electric vehicle charging infrastructure - Porter’s five forces analysis
Fig. 10 U.S. electric vehicle charging infrastructure - PESTEL analysis
Fig. 11 U.S. electric vehicle charging infrastructure - Trend analysis
Fig. 12 Estimated installation costs for EV charging sites for 4 stations per site (USD)
Fig. 13 Estimated installation costs for EV charging sites for 8 stations per site (USD)
Fig. 14 Public EV charging stations by type
Fig. 15 U.S. electric vehicle charging infrastructure - Evolving role of utility companies
Fig. 16 U.S. electric vehicle charging infrastructure market, by charger type, 2022
Fig. 17 U.S. electric vehicle charging infrastructure market, by connector type, 2022
Fig. 18 U.S. electric vehicle charging infrastructure market, by level of charging, 2022
Fig. 19 U.S. electric vehicle charging infrastructure market, by connectivity, 2022
Fig. 20 U.S. electric vehicle charging infrastructure market, by application, 2022

Companies Mentioned

  • ChargePoint, Inc.
  • Leviton Manufacturing Co., Inc.
  • SemaConnect, Inc.
  • Tesla, Inc.
  • ClipperCreek, Inc.
  • General Electric Company
  • Delta Electronics, Inc
  • Webasto Group
  • ABB Ltd.
  • bp pulse

Methodology

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Table Information