ELECTRIC VEHICLE CHARGER MARKET ANALYSIS

Regional Analysis

Global Electric Vehicle Charger Market: Regional Insights

Charging infrastructure in Europe have been constructed by private charge point providers, power companies, automakers, and government organizations, primarily at the national and city levels. Countries within the European Union have launched funding schemes or public-private partnerships to increase charging infrastructure. Some countries, such as Norway and the Netherlands, have provided incentives for charging infrastructure for several years; whereas in countries such as Germany, have recently launched major new charging infrastructure programs, aiding in growth of the market in the region.

In North America, the U.S. electric vehicle charger market is expected to exhibit high growth  owing to federal and state consumer incentives and investment, zero-emission vehicle regulatory policy, and multiple state and local city promotion activities. As per U.S. Department of Energy (DOE), California zero-emission vehicle policy, adopted by states representing nearly one-third of the U.S. vehicle market, is expected to increase electric vehicles in the region from over 600,000 in early 2017 to several million by 2025. Initial investment in charging infrastructure in the U.S. was provided by the American Recovery and Reinvestment Act of 2009, which provided federal funding through the EV Project and the U.S. Department of Transportation Investment Generating Economic Recovery program, among many infrastructure projects in the U.S. from 2010 to 2013. By the end of 2014, there were about 18,000 public Level 2 and DC fast electric charge points in the U.S. (U.S. DOE, 2017a)