U.S. Electric Vehicle (EV) Charging Infrastructure Market Size, Share & Trends Analysis Report By Charger Type, By Connector Type, By Level of Charging, By Connectivity, By Application, And Segment Forecasts, 2023 - 2030

Market Segmentation

• U.S. Electric Vehicle Charging Infrastructure (EVCI) Charger Type Outlook (Volume, Units; Revenue, USD Million, 2017 - 2030)
  • Slow Charger
  • Fast Charger
• U.S. Electric Vehicle Charging Infrastructure (EVCI) Connector Type Outlook (Volume, Units; Revenue, USD Million, 2017 - 2030)
  • CHAdeMO
  • Combined Charging System
  • Others
• U.S. Electric Vehicle Charging Infrastructure (EVCI) Level of Charging Outlook (Volume, Units; Revenue, USD Million, 2017 - 2030)
  • Level 1
  • Level 2
  • Level 3
• U.S. Electric Vehicle Charging Infrastructure (EVCI) Connectivity Outlook (Volume, Units; Revenue, USD Million, 2017 - 2030)
  • Non-connected Charging Stations
  • Connected Charging Stations
• U.S. Electric Vehicle Charging Infrastructure (EVCI) Application Outlook (Volume, Units; Revenue, USD Million, 2017 - 2030)
  • Commercial
    • Destination Charging Stations
    • Highway Charging Stations
    • Bus Charging Stations
    • Fleet Charging Stations
    • Other Charging Stations
  • Residential
    • Private Houses
    • Apartments

U.S. Electric Vehicle (EV) Charging Infrastructure Market Dynamics

Driver: Growing contribution of the transportation sector toward carbon emissions

Factors, such as heavy traffic congestions and incomplete combustion of fossil fuels, are contribute for the increasing levels of CO2 and other greenhouse gas emissions. Nearly 1/3rd of the greenhouse gasses are generated by transportation and road transport is accountable for nearly 1/5th of the total carbon dioxide (CO2) emission. Many metropolitan cities such as New York City, Los Angeles, and Houston, among others have been facing smog and air quality issues, which have caused respiratory diseases. Such conditions are making it difficult to survive in the existing environment. In North America, air pollution is responsible for the death of around 450,000 people every year. All these factors together are propelling the need for an eco-friendly, and low residual mode of transportation. Thus, promoting the adoption of electric vehicles, along with increasing need for supporting electric vehicle charging infrastructure.

Driver: Advances in battery technology

The technological advancements such as fast charging, and increased vehicle range are anticipated to transform the U.S. automotive industry over the forecast period. The major trends driving the adoption of EV’s are the emergence of self-driving vehicles and the growth of shared mobility. Furthermore, the reduction in operating costs compared with conventional Internal Combustion Engine (ICE) vehicles due to low fuel cost and reduced maintenance has emerged as a dominant economic factor in favor of electric vehicles’ adoption.

The growing popularity of mobility-as-a-service (MaaS) model is also anticipated to lead to increased adoption of electric vehicles. Although North America leads in the adoption of electric vehicles, New York is emerging as a dominant state in the adoption of electric vehicle. Government policies and initiatives favoring the adoption of electric vehicles are also driving the demand for electric vehicle charging units. Other factors that are expected to trigger the adoption of electric vehicles include the growing popularity of ride-hailing and ride-sharing services and the mobility-as-a-service (MaaS) model. Moreover, the majority of the electric vehicles now feature advanced drive-by-wire systems that replace the conventional mechanical control systems with electronic controls. All these factors are contributing toward the growing adoption of electric vehicles and hence toward the rising demand for supporting charging infrastructure.

Restraint: High costs of setting-up EV infrastructure

There are several costs associated with the charging infrastructure including installation costs, maintenance costs, and operational costs. Moreover, other aspects, such as feasibility analysis, project management, and consultancy, also incur additional costs. Adoption of electric vehicles depends majorly on the availability of adequate charging infrastructure. However, the high costs involved in rolling out the infrastructure can potentially hinder the market growth.

According to the Automobile Manufacturers Association, long-term climate objectives for CO2 targets should be linked to the future availability of electric vehicle charging infrastructure and consumer acceptance of electric vehicles. This has intrigued the network operators and government agencies to develop innovative strategies to optimize resource utilization. On the other hand, the U.S. Department of Energy (DOE) has developed EVI-Pro Lite, a new tool that utilizes the data regarding the electric vehicle attributes, vehicle travel patterns of the individuals, and charging station attributes to estimate the number and type of charging equipment required to support the regional adoption of EVs. Based on the cumulative number of PEVs in a given state, EVI-Pro Lite provides an estimate for the scale of the charging electric vehicle charging infrastructure network any particular state would require.

What Does This Report Include?

This section will provide insights into the contents included in this U.S. electric vehicle (EV) charging infrastructure market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

U.S. electric vehicle (EV) charging infrastructure market qualitative analysis

• Industry overview

• Industry trends

• Market drivers and restraints

• Market size

• Growth prospects

• Porter’s analysis

• PESTEL analysis

• Key market opportunities prioritized

• Competitive landscape

  • Company overview

  • Financial performance

  • Product benchmarking

  • Latest strategic developments

U.S. electric vehicle (EV) charging infrastructure market quantitative analysis

• Market size, estimates, and forecast from 2017 to 2030

• Market estimates and forecast for product segments up to 2030

• Regional market size and forecast for product segments up to 2030

• Market estimates and forecast for application segments up to 2030

• Regional market size and forecast for application segments up to 2030

• Company financial performance