Electric Vehicle Charging Connector Procurement Intelligence To Grow Substantially At A CAGR Of 18.09% by 2030
Electric Vehicle Charging Connector Procurement Intelligence The electric vehicle charging connector category is expected to grow at a CAGR of 18.09% from 2023 to 2030. The increasing demand for charging stations reflects a shift towards cleaner and sustainable transportation solutions. IEA 2023 global estimates show that in 2022, more than 600,000 public slow charging stations were installed in China. Europe ranked second with 460,000 chargers in 2022. For Europe, this was a 50% increase in 2022 from 2021. Netherlands, France, and Germany had the highest chargers installations within Europe. In the U.S., the stock of slow chargers rose by 9% in 2022. In the case of fast chargers, China accounted for 760,000 units. The European governments are aggressively pushing for the development of public EV charging stations to comply with the Alternative Fuels Infrastructure Regulation (AFIR). The presence of public charging points is becoming more important to facilitate ...