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EV Charging Station Market worth $12.1 billion by 2030 - Exclusive Report by MarketsandMarkets™

Posted By sangh 10 days ago on News -

The global EV Charging Station Market is estimated to be worth USD 7.3 billion in 2024 and reach USD 12.1 billion by 2030 at a CAGR of 8.8% over the forecast period. The growth of EV charging stations is driven by factors such as increased global EV sales and the need to expand charging infrastructure. Government policies and subsidies incentivize rapid deployment across regions. The limited driving range of EVs highlights the need for vast charging networks to relieve range anxiety, which leads to increased setup. Decreasing EV prices are also expected to drive up demand for charging stations, catering to a broader consumer base. Such factors will increase the setup of EV charging stations with growing EV sales.

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