EV Charger Demand to Surge: 65% CAGR by 2030
POWER & RENEWABLE ENERGY

EV Charger Demand to Surge: 65% CAGR by 2030

A recent report published on Energy Economic Times suggests that the demand for electric vehicle (EV) chargers is poised for exponential growth, with an impressive compound annual growth rate (CAGR) of 65% expected by 2030. This projection underscores the accelerating global shift towards sustainable transportation solutions.

The report highlights the ever-increasing adoption of electric vehicles as countries strive to reduce carbon emissions and combat climate change. With governments worldwide incentivizing EV adoption and investing in charging infrastructure, the demand for EV chargers is set to skyrocket.

This surge is expected to be driven by both public and private sectors, as businesses and individuals alike recognize the benefits of electric mobility. Moreover, the report identifies key market players and emerging trends in the EV charging industry. It also outlines the challenges and opportunities that lie ahead as the market continues to evolve. As electric vehicles become mainstream, the demand for efficient and accessible charging solutions will play a pivotal role in shaping the future of transportation.

A recent report published on Energy Economic Times suggests that the demand for electric vehicle (EV) chargers is poised for exponential growth, with an impressive compound annual growth rate (CAGR) of 65% expected by 2030. This projection underscores the accelerating global shift towards sustainable transportation solutions. The report highlights the ever-increasing adoption of electric vehicles as countries strive to reduce carbon emissions and combat climate change. With governments worldwide incentivizing EV adoption and investing in charging infrastructure, the demand for EV chargers is set to skyrocket. This surge is expected to be driven by both public and private sectors, as businesses and individuals alike recognize the benefits of electric mobility. Moreover, the report identifies key market players and emerging trends in the EV charging industry. It also outlines the challenges and opportunities that lie ahead as the market continues to evolve. As electric vehicles become mainstream, the demand for efficient and accessible charging solutions will play a pivotal role in shaping the future of transportation.

Next Story
Infrastructure Urban

We operate 100 smart buses serving 30,000 passengers daily

Aurangabad, known as the ‘City of Gates’ owing to its historical monuments and Mughal heritage, is equally renowned for its industrial development, with a nominal gross district domestic product (GDDP) of Rs.988.04 billion. As growth has progressed, there has been a focus on enhancing the standard of living, prompting key initiatives, including the award-winning Majhi Smart  Bus Initiative. G Sreekanth (IAS), CEO, Aurangabad Smart City Development Corporation Ltd (ASCDCL), discusses the city’s ongoing and upcoming developments in conversation  with NEHA YADAV.Recent news h..

Next Story
Infrastructure Energy

Sterling and Wilson Secures Rs 12 Bn Solar EPC Contract in Gujarat

Sterling and Wilson Renewable Energy has been awarded a Rs 1,200 crore contract for a 500-megawatt (MW) solar photovoltaic (PV) project in Gujarat, strengthening its foothold in India’s renewable energy sector. The engineering, procurement, and construction (EPC) contract encompasses the design, engineering, and installation of balance-of-system (BoS) components with single-point responsibility. It also includes operations and maintenance (O&M) services for three years. “We are delighted to secure this significant order, which will aid India, especially Gujarat, in its transition to clean ..

Next Story
Infrastructure Energy

NTPC Green Energy Signs MoU with Bihar Government

NTPC Green Energy (NGEL), a subsidiary of NTPC, has entered into a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar, during the Bihar Business Connect 2024 Global Investors’ Summit held on 20 December 2024 in Patna. The MoU outlines plans for substantial investments in Bihar to establish various renewable energy projects, including: Ground-mounted and floating solar installations Battery energy storage systems Green hydrogen mobility initiatives The Bihar Government will assist by facilitating necessary approvals, permissions, registrations, and cleara..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000