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Rising EV Sales Deepen Need for Charging Systems
The global EV charging infrastructure market is set to grow at a compound annual growth rate of 13.6% from 5.8 million units in 2025 to 11.0 million units in 2030, forecasts GlobalData, the respected consultancy. Countries such as the US and China have seen especially fast growth in EV uptake, supported by substantial public investment in charging infrastructure. [This despite the politicization of EVs by the King Trump Administration. Perchance it should be renamed the King Canute Administration. – AutoCrat]
“Global outlook for battery electric vehicles (BEVs) remains strong, supported by increasing consumer uptake, fast-paced technology advances, and supportive government policies. BEV sales are projected to rise significantly, growing the worldwide EV fleet over the coming years in line with existing policy directions and driving higher battery demand. While China continues to lead the market, demand is spreading more broadly, with meaningful growth in both emerging economies and mature markets such as the EU and the UK,” said Rehaan Shiledar, Senior Power Analyst at GlobalData. Continue reading →