Global EV charging infrastructure market
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Global EV charging infrastructure market to grow up to $43 billion by 2026.

Not only slow chargers but also the EV fast-charging market is growing with a CAGR of 16.56%.

With the rapid adoption of electric vehicles worldwide, the EV charging market is growing very fast. In 2021, the global EV charging infrastructure market was valued at $10.94 billion. It is projected to grow at a CAGR of 32.65% and reach $43 billion by 2026.

Rising carbon emissions and greenhouse gases have become a severe global issue. To tackle this problem, governments from across the world are encouraging people and companies to shift from ICE vehicles to EVs. Most countries have set up targets to shift to EVs completely.

In their mission to shift to EVs, setting up EV charging infrastructure is one of the significant challenges the government and automobile companies will face. Several governments have enacted policies to encourage EV charging infrastructure to solve this problem.

With all the government initiatives, high investments by automobile companies, and increased EV sales, the EV charging infrastructure market is projected to grow at a fast pace.

Consumers are adopting various types of chargers, such as smart EC charging stations, portable chargers, wireless charging facilities, V2G charging stations, and renewable energy-based charging stations.

Also, the global EV fast-charging system market is expected to reach $10.82 billion by 2031, growing with a CAGR of 16.56% during the forecast period 2022-2031.

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