Electric Vehicle (EV) Charging Infrastructure Market Expected To Grow With USD 125.39 Billion By 2030
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San Francisco, 22 April 2024: The Report Electric Vehicle (EV) Charging Infrastructure Market Size, Share & Trends Analysis Report By Charger Type, By Connector, By Level Of Charging, By Connectivity, By Application, By Region, And Segment Forecasts, 2024 - 2030 The global EV charging infrastructure market size is anticipated to reach USD 125.39 billion by 2030, expanding at a CAGR of 25.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth of the electric vehicle charging infrastructure (EVCI) market is attributed to a growing consumer base adopting electric vehicles. This shift is fueled by eco-friendly choices, rising fuel expenses, government incentives, and reduced ownership costs throughout the vehicle's lifespan. An increasing interest in electric vehicles is amplifying the need for sufficient charging infrastructure, driving market growth. Several electric vehicle manufacturers, including Kia Motors, Volvo, Ford, and Mercedes-Benz,