Market Research Report
Americas Market Outlook 2021 - Electric Vehicles and Charging Infrastructure 2020-2030
|Americas Market Outlook 2021 - Electric Vehicles and Charging Infrastructure 2020-2030|
Published: February 28, 2022
Power Technology Research
Content info: 33 Pages
Delivery time: 1-2 business days
The EVSE market in America has grown considerably from 2018 to 2021, even accounting for the negative impacts of Covid on the economies. The market grew by 31% during the period and is expected to grow 55% between 2021-2025.
The North American market has one of the lowest vehicle to residential charger ratios globally, due to significantly high percentage of single-dwelling housing proportion in the region.
The commercial vehicle segment in USA is the largest after China. With current governments' priorities set to electrify fleets, the charging infrastructure market for this segment will be the largest compared to Americas and EMEA countries.
The share of DC charging is expected to rise in North America, owing to the extensive electrification of commercial fleets and development of en-route high power charging infrastructure. Electrify America plans 10,000 chargers by 2025; Evgo plans 3,250 stalls by 2025; and ChargePoint will install chargers at 4,000 travel plazas by 2030 in association with NATSO.
Private residential and commercial charging is set to become the biggest revenue source for EV Charging manufacturers.
In Mexico, the charging infrastructure is mainly operated by automotive OEMS with no support from the government. The South American EV charging market is set to grow at a steady pace owing to pro-environment policies in the region.