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Asia Pacific Electric Vehicle Charging Station Market Trends

  • Report ID: GMI5845
  • Published Date: May 2023
  • Report Format: PDF

Asia Pacific Electric Vehicle Charging Station Market Trends

The structural limitations of extremely dense urban cities that have greater proportion of on-street & large-commercial-garage parking spaces will further act as the catalysts for high public-charging demand especially in the Asia Pacific region. Strategic planning & policy continuity in China’s new energy vehicle deployment is further bolstering the deployment of charging station on a large scale. Policies including extending incentives to EV customers to 2023, pilot projects, tax breaks, subsidy programs, along with increasing technological standard are few of the macro-level plans to augment the Asia Pacific market demand.

Asia Pacific is projected to grow at a high rate owing to rising awareness toward environment sustainability and growing focus toward infrastructural development accompanied by increased Foreign Direct Investment (FDI). For Asia Pacific, China accounts for over 97% of the market share in 2022 owing to excess deployment of electric vehicles. In addition, as per Indian Brand Equity Foundation, in April 2022, India is set to witness extensive EV chargers along with expansion of EV infrastructure with the investment of USD 1.84 billion in coming 3 to 4 years under the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme, which in turn will have a positive impact on the deployment of EV charging station.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

Asia Pacific electric vehicle charging station market size was worth over USD 30.4 billion in 2023 and will record over 19.4% CAGR from 2024 to 2032.

The public EV charging stations market in Asia Pacific will record robust growth by 2032 driven by rising consumer inclination to switch to electric vehicles and governments’ & private companies’ investments in charging infrastructure to support this transition.

China EV charging station market size will observe more than 21% CAGR from 2023 to 2032 as many international energy companies including British heavyweight BP and Royal Dutch Shell are developing EV charging businesses in the region.

Blink Charging Co., Schneider Electric, ChargePoint, Inc., ABB, TATA Motors, Eaton, Leviton Industries, Siemens, Delta Electronics, CHAEVI, SIGNET EV, JOONGANG CONTROL, Vinfast, EV Top, Tesla, & NIO.

Asia Pacific Electric Vehicle Charging Station Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 343
  • Countries covered: 12
  • Pages: 290
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