The US electric vehicle charger market is projected to grow at a significant CAGR of around 17.0% during the forecast period (2019-2025). The factors that propel the growth of the market include an increase in penetration of electric vehicles and the development of electric vehicle charging infrastructure. As per the US government, a total budget of $701 million will be utilized and more than 50,000 charging stations will be developed by 2025. In October 2020, the California energy commission announced $384 million for electric vehicle charging and Zero-emission vehicle infrastructure by 2035.
Browse the full report description of "US Electric Vehicle Charger Market Size, Share & Trends Analysis Report by Ownership (Public and Private), by Charger Type (Slow Charger and Fast Charger), by Connector Type (AC Connectors and DC Connectors) and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/us-electric-vehicle-charger-market
Apart from it, in October 2020, the EVgo, an American based company, serves 100% renewable public fast-charging network for EVs, announced that public fast chargers across Virginia’s statewide network has increased and it has deployed five new chargers each month in Virginia, totaling 24 fast-charging locations and 76 chargers. Further, in December 2020, ABB and ChargeLab became a partner and offer integrated hardware and software for electric vehicle charging.
As per the report of USAFacts, a total of 727,000 electric vehicles were sold in 2019 that includes hybrid electric vehicles, plug-in electric vehicles, and all-electric vehicles. The increasing sales of EVs will demand more charging infrastructure which will ultimately drive the growth of the US electrical vehicle charger industry.
Market Coverage
Key Questions Addressed by the Report
US Electric Vehicle Charger Market Report Segment
By Ownership
By Charger Type
By Connector