U.S. Electric Vehicle Charging Market to Grow to $18.6 Billion

Posted On August 2, 2018 1:24 pm

Falling prices and government mandates are set to boost sales of electric vehicles globally, making owning and operating charging infrastructure an attractive area for investment.

Charging infrastructure in North America will draw $18.6 billion by 2030, according to a report by Wood Mackenzie Ltd. published Thursday. It’s not just North America that’s benefiting. There will be as many as 40 million charging points globally by 2030 as electric vehicles are forecast to make up about 11 percent of new sales, the report said.

“The EV charging infrastructure ecosystem is very complex, and most projects require strong partnerships between both public and private stakeholders to deploy necessary infrastructure,” said Timotej Gavrilovic, research analyst at Greentech Media, the division of WoodMac that wrote the report. Although opportunities will be slow at first, companies will soon see swift growth, he said.

Continue Reading at Bloomberg.com

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