Dublin, Nov. 11, 2024 (GLOBE NEWSWIRE) — The “North America Electric Vehicle Charging Stations Market – Forecasts from 2024 to 2029” report has been added to ResearchAndMarkets.com’s offering.
North America’s electric vehicle charging stations market is estimated to attain US$5.76 billion by 2029, from US$2.92 billion in 2024, growing at a CAGR of 14.53%.
An EV (electric vehicles) charging station is a hub or center that offers charging solutions to these vehicles. This links an EV to a power source, allowing electric vehicles, like passenger cars, two/three-wheel EVs, fleets, and electric transport vehicles, to charge their batteries. The EV charging station market is expected to grow significantly in North America, mainly with the increasing ownership of electric vehicles and the introduction of new policies and investment plants to boost the nation’s EV infrastructure.
One of the major driving factors estimated to boost the North American electric vehicle charging station market forward is the increasing demand for electric vehicles in the region. The demand for electric vehicles in countries like Canada and the USA is increasing rapidly, mainly due to the introduction of favorable government policies and innovation in electric vehicle technology. The region’s government has also implemented multiple policies and strategic projects to develop the nation’s EV infrastructure, pushing the market share of electric vehicle charging stations.
North America Electric Vehicle Charging Stations Market Drivers:
The implementation of new and favorable policies introduced by the countries in the North American region is estimated to propel the region’s charging station market expansion. The governments of multiple countries like Canada, the USA, and Mexico have introduced various policies and subsidies to develop the EV charging ecosystem.
For instance, the government of Canada introduced anew zero-emission vehicle charging station policy, which has been approved to build over 25,000 electric vehicle chargers nationwide. Similarly, the Office of Energy Efficiency & Renewable Energy Department of the US Government approved about US$1.3 billion in funding to expand the nation’s electric charging network and alternative fueling infrastructure.
Some of the key companies profiled in this North America Electric Vehicle Charging Stations Market report include:
- Electrify America LLC.
- Evgo Services LLC.
- Tesla, Inc.
- ABB
- Bosch Automotive Service Solutions Inc.
- ChargePoint Inc.
- Delta Electronics Inc.
- Siemens AG
- EV Connect, Inc.
- EvoCharge Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 92 |
| Forecast Period | 2024 – 2029 |
| Estimated Market Value (USD) in 2024 | $2.92 Billion |
| Forecasted Market Value (USD) by 2029 | $5.76 Billion |
| Compound Annual Growth Rate | 14.5% |
| Regions Covered | North America |
Key Topics Covered:
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key benefits for the stakeholders
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. NORTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY VEHICLE TYPE
5.1. Introduction
5.2. Battery Electric Vehicles (BEVs)
5.3. Plug-in Hybrid Electric Vehicle (PHEV)
6. NORTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY APPLICATION
6.1. Introduction
6.2. Commercial
6.3. Residential
7. NORTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY CHARGING TYPE
7.1. Introduction
7.2. AC Charging (Level 1 and Level 2)
7.3. DC Charging
8. NORTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY COUNTRY
8.1. Introduction
8.2. USA
8.3. Canada
8.4. Mexico
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
For more information about this report visit https://www.researchandmarkets.com/r/fz9tj1
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- North American Electric Vehicle Charging Stations Market
