The electric vehicle supply equipment market is driven by significant growth in the electric vehicle market globally. Huge market growth will be observed in the upcoming period in the electric vehicle supply equipment market. Most of the government are focusing to change their vehicle fleet from IC engine vehicles to electric vehicles. The major motive for countries and government organizations to shift from IC vehicles to an electric vehicle is rising environmental pollution due to the combustion of fossil fuel and rising prices of crude oil in the international market. However, at present, the major hurdle for this is high charging time of the vehicle and inadequate charging facilities on roads, especially at the remote location. Hence, as the number of electric vehicles will increase in a region, the electric vehicle supply equipment market will also rise in that region.
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Some of the drivers of the electric vehicle supply equipment industry are large investment by the automakers in the electric vehicle and their infrastructure technology. Favorable government policies toward electric vehicles due to rising global warming is also expected to be a prominent factor for the adoption of electric vehicles. Under a campaign by International Energy Agency, Electric Vehicle Initiative (EVI) has launched EV30@30 in June 2017. The goal of the campaign is to reach 30% of sales for Electric vehicles by 2030. Lead countries in the initiative are China and Canada. Other member countries are Finland, France, India, Japan, Mexico, Netherland, Norway, and Sweden are also contributing to the market growth.
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Global Electric Vehicle Supply Equipment Market
By Charger Type
• Level-1 Charger
• Level-2 Charger
• Level-3 Charger
By Vehicle Type
• Passenger Cars
• Commercial Vehicles
By Station type
• Stationary Charging Station (Plug-In)
• Portable Charging Facilities
• North America
o Rest of Europe
o Rest of Asia-Pacific
• Rest of the World
• ABB, Ltd.
• Alfen Beheer B.V.
• Allego B.V.
• Blink Charging Co.
• Bosch Automotive Service Solutions, Inc.
• ChargePoint, Inc.
• EFACEC Group
• EV Safe Charge, Inc.
• EV-Box B.V.
• EVgo Services, LLC
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