U.S. Electric Vehicle Charging Infrastructure Market growth can be attributed with CAGR of 36.9% by 2030 due to rising demand for sustainable & energy-efficient transportation
U.S. Electric Vehicle Charging Infrastructure Industry Overview The U.S. electric vehicle charging infrastructure market size was valued at USD 2.85 billion in 2021 and is expected to advance at a compound annual growth rate (CAGR) of 36.9% from 2022 to 2030. The market growth can be attributed to the growing initiatives taken by both public as well as private sectors to encourage the population to switch to Electric Vehicles (EVs). These initiatives have promoted the sale of electric vehicles and have also spread consumers’ awareness about the benefits of using these vehicles. Moreover, the development of technologies like portable charging stations, smart charging with load management, automated payment technology, and bi-directional charging is further expected to create new growth opportunities for the market during the forecast period. Numerous electric vehicle charging station providers are focusing on developing new products that provide customers with better-chargin...