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Europe Electric Vehicle On-Board Charger Market Trends

  • Report ID: GMI11040
  • Published Date: Aug 2024
  • Report Format: PDF

Europe Electric Vehicle On-Board Charger Market Trends

Stringent emissions standards and ambitious goals for electric vehicle (EV) uptake have emerged as crucial catalysts, spurring significant investments in EV on-board chargers throughout the European region. For instance, starting in 2025, Regulation (EU) 2019/631 introduces more stringent EU-wide CO2 fleet targets, including a 15% reduction by 2025 for both cars and vans. From 2030 onwards, vans will face a 50% reduction target, while cars will aim for a 55% reduction target, all relative to a baseline set in 2021. This ambitious framework underscores the European Union's commitment to combatting climate change and accelerating the transition to cleaner transportation solution and play a vital role in the development of electric vehicle on-board charger throughout Europe over the coming years, which in turn will propel the industry growth.
 

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of Europe electric vehicle on-board charger was worth over USD 5.9 billion in 2023 and is expected to register 21.3% CAGR from 2024 to 2032, due to a combination of regulatory incentives, technological advancements, and shifting consumer preferences in the region.

Europe electric vehicle on-board charger industry from the battery electric vehicle (BEV) segment is expected to reach over USD 25 billion by 2032, due to the increasing consumer demand for zero-emission vehicles and bolstered by government incentives.

Germany electric vehicle on-board charger industry is expected to exceed USD 8.1 billion by 2032, due to growing environmental concerns, increased private and government incentives, and investments across developing EV infrastructure in the country.

Eaton Corporation, Ficosa International SA, Infineon Technologies AG, innolectric AG, Stercom Power Solutions GmbH, STMicroelectronics, Powell Industries, Toyota Industries Corporation, and Xepics Italia SRL, are some of the major electric vehicle on-board charger companies in Europe.

Europe Electric Vehicle On-Board Charger Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 20
  • Countries covered: 6
  • Pages: 100
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