Published by Persistence MarketResearch
Posted on October 7, 2021
4 min readLast updated: January 30, 2026
The electric vehicle supply equipment market is set to grow at a 4.9% CAGR from 2017 to 2022, driven by increased EV adoption and government incentives.
The global market for electric vehicle supply equipment is gaining popularity all around the world due to the increasing popularity of electric vehicles. An electric vehicle supply equipment, also known as electric vehicle charging station, electric recharging point or even charge point, and is used to supply electricity in order to recharge electric vehicles such as electric cars or hybrids. In the present times, there is a rapid awareness about pressing environmental issues like degrading air quality due to the burning of the fossil fuels which also leads to other complex issues such as that of global warming.
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In order to counter such issues, governments all over the world are encouraging the sales of electric vehicles in which the emissions are nil. In order to encourage the sales of electric vehicles, governments all over the world are giving subsidies on the electric vehicles and exempting them from paying road tax. In addition, manufacturers are investing a great deal in R&D to offer more advanced versions of electric cars that are also affordable for the general public.
The global electric vehicle supply equipment market is slated to touch a value of about US$ 726 Mn in the year 2022 and grow at a moderate CAGR during the assessment period.
4 Forecast Highlights on Global Electric Vehicle Supply Equipment Market
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The report has also included the profiles of some of the leading companies in the electric vehicle supply equipment market like ABB Ltd, Schneider Electric S.E., Tesla Inc., General Electric Company, ChargePoint, Inc., SemaConnect, Inc., Car Charging Group, Inc., Robert Bosch GmbH, Eaton Corporation PLC, and AeroVironment, Inc.
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The post Electric Vehicle Supply Equipment Market Is Expected To Grow At A CAGR Of 4.9% By The End Of 2017 to 2022:Persistence Market Research appeared first on Lake Shore Gazette.
The article discusses the growth of the electric vehicle supply equipment market from 2017 to 2022.
Increased popularity of electric vehicles and government incentives are key drivers.
Key players include ABB Ltd, Schneider Electric, and Tesla Inc.
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