27-06-2023 13:32 via electricalcontractingnews.com

EV charging infrastructure market to grow by 2030

According to Adroit Market Research, the market for electric vehicle charging infrastructure was estimated to be worth 25.2bn USD in 2022, and by 2030, it is anticipated to grow to 222.5bn USD, with a CAGR of 31.5%.
When electric cars were originally introduced in the early 20th century, the majority of the charging infrastructure consisted of straightforward charging stations that were situated at homes or businesses. Low-voltage charging was offered at these stations, which often made use of r
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