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Market Research Report
APAC Electric Charging Station Market - Size, Share, Outlook, and Opportunity Analysis, 2018 - 2026 |
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| Published by | Coherent Market Insights | Product code | 798065 | ||||
| Published | Content info | 140 Pages Delivery time: 2-3 business days |
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| APAC Electric Charging Station Market - Size, Share, Outlook, and Opportunity Analysis, 2018 - 2026 | ||
| Published: January 31, 2019 | Content info: 140 Pages |
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An electric vehicle charging station provides electric energy for the recharging of electric vehicles, including electric cars, neighborhood electric vehicles, and plug-in hybrids. It is also called as EV charging station, electric recharging point, electronic charging station (ECS), and electric vehicle supply equipment (EVSE).
Use of electric vehicles is a major step towards reducing environmental hazards caused due to air pollution. Electric vehicles does not emit any hazardous gases that are responsible for air pollution. Due to this reason, many governments and environmental organizations are supporting growth of the electric vehicle market. For instance, according to the Government of India, electric vehicles are being taxed at 12%, as compared to 28% that petrol and diesel vehicles are subjected to.
Many Asian countries are replacing fuel-based vehicles with electric vehicles. For instance, according to Ministry of Energy, Science, Technology, Environment and Climate Change Malaysia, Malaysia is a major country in the adoption of electric vehicles. As per the government initiative known as National Electric Mobility Blueprint (EMB), country will replace diesel and petrol vehicles with electric vehicles and reduce the dependency on fossil fuel and greenhouse gas emissions.
Electric vehicles have more economic benefits over fuel cars. For instance, according to study in University of Michigan, for electric recharge of US$ 1, electric car can travel up to 36kms and for US$ 1, fuel car can travel only up to 18kms. This makes electric vehicles more cost-effective.
The Government of India is taking major steps towards establishing public electric charging stations. According to NITI Ayog report 2017, the Indian government is providing subsidiary for all the private investors investing in establishment of infrastructure for electric charging stations.
"*" marked represents similar segmentation in other categories in the respective section.
