Global Electric Vehicles Charging Stations Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 14, 2018--The “Global Electric Vehicles Charging Stations Market - Growth, Trends and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
Due to the increasing demand for electric vehicles across the world, the electric vehicles charging stations market is close to USD 20 billion and is expected to register a CAGR close to 35.54% during the forecast period.
The growing concern of people towards environmental pollution has led them to switch to environment-friendly alternatives for fossil fuel-based vehicles, such as electric and hybrid vehicles. Low maintenance and operation cost features are further attracting more consumers towards electric vehicles.
Due to a decline in the prices of batteries and government incentives, the adoption of electric vehicles (EV) is increasing, thereby driving the growth of the electric vehicles charging stations market. China, the largest EV market, is offering tax incentives and subsidies to local automakers to produce electric vehicles. To encourage consumers, the Chinese government has made a policy to reimburse 30% of the total value of the electric vehicle. The Dutch parliament is currently focused on banning the sales of petrol and diesel cars by 2025.
A major restraint to the market is the lack of a sustainable business and financing model. Consumers are wary of using electric vehicles because of the limited range they offer. It takes anywhere from 15 minutes to several hours for an EV to get fully charged. Therefore, the public charging stations need to contain other infrastructure to keep the users engaged in the dwell time.
Companies MentionedGeneral Electric Company Schneider Electric SE Delphi Automotive PLC Eaton Corporation PLC Siemens AG Tesla Motors Inc. Chargemaster PLC Aerovironment Inc. Chargepoint Inc. Leviton manufacturing Co. Inc. Semaconnect Inc. The Newmotion BV Qualcomm Incorporated
Key Topics Covered:
2. Research Methodology
3. Key Findings of the Study
4. Executive Summary
5. Market Overview
6. Market Dynamics
7. EV Charging Stations Market Segmentation
8. Company Profiles
9. Future of the Market
For more information about this report visit https://www.researchandmarkets.com/research/qrfsdz/global_electric?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180514005586/en/
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Related Topics:Electric and Hybrid Vehicles
INDUSTRY KEYWORD: ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE
SOURCE: Research and Markets
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PUB: 05/14/2018 07:30 AM/DISC: 05/14/2018 07:30 AM