North America Electric Vehicle (EV) Charging Market is Predicted to Reach USD 11 Billion with a CAGR of 34% by 2030

North America Electric Vehicle (EV) Charging Market is Predicted to Reach USD 11 Billion with a CAGR of 34% by 2030

 

Electric vehicle chargers are defined by the amount of energy delivered to the vehicle’s battery per unit of time. North America Electric Vehicle (EV) Charging Market is predicted to reach USD 11 billion with a CAGR of 34% by 2030, according to industry analysts at Next Move Strategy Consulting.

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Key Highlights:

Government Initiatives and Incentives: Federal and state governments across North America are implementing subsidies, tax incentives, and funding programs to support EV infrastructure, boosting demand for EV charging stations.

Growing EV Adoption: With a steady increase in EV ownership in North America, driven by environmental awareness and declining EV costs, the need for accessible and widespread charging infrastructure is expanding rapidly.

Rise of Fast-Charging Networks: DC fast chargers are gaining popularity as they allow quicker recharges compared to traditional Level 1 and Level 2 chargers, attracting drivers who require fast turnaround times.

Deployment in Commercial and Public Spaces: Companies, municipalities, and retailers are increasingly installing charging stations in public and commercial spaces, enhancing convenience for EV owners and attracting customers to their locations.

Technological Advancements: Innovations such as smart charging, wireless charging, and integration with renewable energy sources are making EV charging infrastructure more efficient, flexible, and compatible with various vehicle types.

Private Sector Investments: Leading automotive, energy, and tech companies are investing heavily in EV charging infrastructure, forming partnerships to develop networks and gain market share in this rapidly expanding sector.

Market Players: 

The North America Electric Vehicle (EV) Charging industry includes several market players such as ABB Ltd., ChargePoint, Inc, Tesla Inc, Shell Recharge Solutions, Star Charge, TELD, Siemens, BYD, EVgo, and Hyundai Motor Company.

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Market Key Segments:

By Charging Type

  • Off-Board Top-Down Pantograph
  • On-Board Bottom-Up Pantograph
  • Charging Via Connector

By Charger Type

  • Slow Charger
  • Fast Charger

By IOT Connectivity

  • Non-Connected Charging Stations
  • Smart Connected Charging Stations (Networked)

By Vehicle Charging

  • AC (Normal Charging)
  • DC (Super Charging)
  • Inductive Charging

By Installation Type

  • Portable Charging
  • Fixed Charging
  • Wall Mount
  • Pedestal Mount
  • Ceiling Mount

By Charging Standard

  • CCS
  • CHADEMO & GB/T
  • Type 1/Normal Charging
  • Tesla Super Charger

𝗕𝘆 𝗥𝗲𝗴𝗶𝗼𝗻 

North America

  • S.
  • Canada
  • Mexico

Europe

  • Italy
  • Spain
  • Netherlands
  • Germany
  • UK

Asia-Pacific

  • China  
  • India
  • Australia
  • South Korea
  • Japan

𝗖𝗼𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻:

The North American EV Charging Market is growing rapidly, driven by strong government support, technological advancements, and rising EV adoption. Public and private sectors are heavily investing in expanding charging infrastructure across residential, commercial, and public spaces. With continued innovation, partnerships, and the expansion of fast-charging networks, the market is positioned to support the increasing demand for EVs, fostering a sustainable and accessible EV ecosystem across North America.

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Next Move Strategy Consulting is a premier market research and management consulting firm that has been committed to provide strategically analysed well documented latest research reports to its clients. The research industry is flooded with many firms to choose from, what makes Next Move different from the rest is its top-quality research and the obsession of turning data into knowledge by dissecting every bit of it and providing fact-based research recommendation that is supported by information collected from over 500 million websites, paid databases, industry journals and one on one consultations with industry experts across a diverse range of industry sectors. The high-quality customized research reports with actionable insights and excellent end-to-end customer service help our clients to take critical business decisions that enables them to move beyond time and have competitive edge in the industry.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicated, as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that range from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

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