On-board Charger Market Size Is Projected To Reach USD 13.96 Billion By 2028
San Francisco, 10 March 2022: The Report On-board Charger Market Size, Share & Trends Analysis Report By Power Output (Less than 11kW, 11kW to 22kW, More than 22kW), By Vehicle Type, By Propulsion Type, By Region, And Segment Forecasts, 2021 - 2028 The global on-board charger market size is expected to reach USD 13.96 billion by 2028, registering a CAGR of 17.2% from 2021 to 2028, according to a new report by Grand View Research, Inc. The market growth can be attributed to the increase in electric car sales globally. According to the statistics provided by the IEA organization, in 2019, electric car sales accounted for 2.1 million, registering a 40% year-on-year growth. The ban imposed by various governments on the use of fossil fuel vehicles is expected to increase the sales of electric vehicles, which is subsequently expected to create the need for on-board chargers. In the U.K., the government has released its plan of banning new fossil fuel vehicle sales by 2030 to help ac