{"id":30259,"date":"2024-03-18T05:10:00","date_gmt":"2024-03-18T10:10:00","guid":{"rendered":"https:\/\/latamobility.com\/?p=30259"},"modified":"2024-03-17T16:29:36","modified_gmt":"2024-03-17T21:29:36","slug":"report-charging-infrastructure-to-reach-more-than-125-billion-by-2030","status":"publish","type":"post","link":"https:\/\/latamobility.com\/en\/report-charging-infrastructure-to-reach-more-than-125-billion-by-2030\/","title":{"rendered":"Report: Charging Infrastructure to Reach More than $125 Billion by 2030"},"content":{"rendered":"\n<p>The booming electric vehicle market directly impacts the charging infrastructure required to achieve the energy transition.<\/p>\n\n\n\n<p>According to a report by <a href=\"https:\/\/www.researchandmarkets.com\/reports\/4857896\/global-electric-vehicle-charging-infrastructure#src-pos-4\"><strong>ResearchAndMarkets.com<\/strong>,<\/a> the electrified car <strong>charging infrastructure market will reach $125.39 billion by 2030 at a CAGR of 25.4%.<\/strong><\/p>\n\n\n\n<p>The global electric vehicle charging infrastructure market is forecast to reach <strong>$125.39 billion by 2030, expanding at a CAGR of 25.4% between 2024 and 2030.<\/strong><\/p>\n\n\n\n<p>&#8220;The growth of the electric vehicle charging infrastructure (EVCI) market is attributed to a growing consumer base adopting electric vehicles&#8221; states the report.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"733\" height=\"413\" src=\"https:\/\/latamobility.com\/wp-content\/uploads\/2024\/03\/ALT-2.png\" alt=\"\" class=\"wp-image-30253\" srcset=\"https:\/\/latamobility.com\/wp-content\/uploads\/2024\/03\/ALT-2.png 733w, https:\/\/latamobility.com\/wp-content\/uploads\/2024\/03\/ALT-2-300x169.png 300w, https:\/\/latamobility.com\/wp-content\/uploads\/2024\/03\/ALT-2-600x338.png 600w\" sizes=\"(max-width: 733px) 100vw, 733px\" \/><figcaption class=\"wp-element-caption\">Photo: Alternet System<\/figcaption><\/figure>\n\n\n\n<p><strong>Read also:<\/strong> <a href=\"https:\/\/latamobility.com\/en\/byd-steps-into-two-wheeler-market\/\"><strong>BYD Steps into Two-Wheeler Market<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-behavioral-factors\"><strong>Behavioral Factors<\/strong><\/h2>\n\n\n\n<p>The publication adds that the shift is driven by green options, higher fuel costs, government incentives, and reduced ownership costs over the lifetime of the vehicle.<\/p>\n\n\n\n<p>Growing interest in electric vehicles is amplifying the need for sufficient charging infrastructure, driving market growth.<\/p>\n\n\n\n<p>Several electric vehicle manufacturers, including <strong>Kia Motors, Volvo, Ford, and Mercedes-Benz, are partnering with charging infrastructure providers to ensure convenient access to charging stations.<\/strong><\/p>\n\n\n\n<p>In addition, <strong>Ecotap BV, Delta Electronics <\/strong>and <strong>Enel X<\/strong>, among others, are focusing on developing solar-powered electric vehicle charging stations.<\/p>\n\n\n\n<p>The study notes that several companies are working to improve electric vehicle supply equipment (EVSE) to improve convenience for long-distance travel.<\/p>\n\n\n\n<p>Manufacturers such as <strong>Tesla, Inc. <\/strong>and <strong>Nissan<\/strong> are focusing on ensuring compatibility of their EVs with public charging networks.<\/p>\n\n\n\n<p>The significant growth is mainly due to the increasing initiatives undertaken by both the public and private sectors to encourage people to switch to electric vehicles.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The booming electric vehicle market directly impacts the charging infrastructure required to achieve the energy transition. According to a report by ResearchAndMarkets.com, the electrified car charging infrastructure market will reach $125.39 billion by 2030 at a CAGR of 25.4%. The global electric vehicle charging infrastructure market is forecast to reach $125.39 billion by 2030, expanding&#8230;<\/p>\n","protected":false},"author":8,"featured_media":30256,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[2054],"tags":[1564,1281],"class_list":["post-30259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electric-mobility","tag-electric-cars","tag-electric-mobility"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.7 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Report: Charging Infrastructure to Reach More than 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