APAC Electric Charging Station Market: Regional Insights
Among the APAC countries China accounted for the largest share of the Asia Pacific electric vehicle charging stations market. The growing adoption of EVs, ongoing government initiatives to support the automotive industry\'s electrification, and initiatives for building charging infrastructure across the country are some of the major factors driving this market\'s growth in China.
The growing adoption of EVs across the country is expected to increase the EV charging stations over the forecast period. Additionally, market players, such as Volvo and Ford, are present in the market and are focusing on green-car by 2025. The National Development and Reform Commission has also directed most electrical power companies to set up EV charging stations nationwide. In addition, the utility companies are focusing on partnership with software companies to offer smart electric vehicle (ev) charging infrastructure. For instance, September 2021, China\'s State Grid, utility company signed partnership with tech giant Huawei to develop the next-generation smart electric vehicle (EV) charging infrastructure to meet the fast-growing demand in the country.
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