Rise in Development of EV Charging Infrastructure to Drive the US Electric Vehicle Charger Market

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

• Market number available for – 2018-2025
• Base year- 2018
• Forecast period- 2019-2025
• Segment Covered- By Ownership, By Charger Type, By Connector
• Region Covered- US
• Competitive Landscape- ABB Ltd., Tesla, Inc., Webasto SE, Blink Charging Co., ChargePoint, Inc., Eaton Corp., Schneider Electric SE, SemaConnect, Inc., Siemens AG, and others.

Key Questions Addressed by the Report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

US Electric Vehicle Charger Market Report Segment

By Ownership

• Public
• Private

By Charger Type

• Slow Charger
• Fast Charger

By Connector 

• AC Connectors
• DC Connectors