Commercial EV Charging Stations
To determine the market size of EV charging for commercial zero-emmision vehicles in the US and braking it down further by application (for airports, maritime, transit, highway, rail, pedestrian, and pipeline transport), with a specific focus on h.
While we were able to find the US market size of the commercial EV charging infrastructure, we were not able to find any breakdown of the market size by application (for airports, maritime, transit, highway, rail, pedestrian, and pipeline transport) even though we looked through government publications and industry reports. This may be due to the fact that the market is not segmented to such a granular level, as most of the reports analyze the market by end-user, type of charger, and connector type.
Commercial EV Charging Market Size
- In 2018, the US EV charging infrastructure was worth exactly $1.1 billion.
- The market is expected to grow at a CAGR of 39.3% until 2025, reaching $11.2 billion in value.
- While the commercial segment is expected to dominate the market by 2025, in 2018, it held only about 40% of the market share.
- This means that the commercial segment was valued at roughly $440 million in 2018 (0.4 * $1.1 billion).
- The leading reason for the rapid growth of the EV charging infrastructure market is the big commitment by the government to the building of new EV charger stations. For instance, in 2016, the U.S. government announced an investment of $4.5 billion over the course of its mandate (4 years) for the development of new EV infrastructure.
- In 2018, the number of public US EV charging stations reached 61,067, with the majority of them being type 2 charging stations (79.7%). On the other hand, there were about 6,105 private charging stations registered by the end of 2017.
- While public charging stations are not necessarily associated to residential use only, the majority of people that are using such stations are individual vehicle owners, which means that there were only about 6,105 commercial charging stations in the US at the end of 2017.
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