Charging Stations for Electric Vehicles – Technology Intelligence Report

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Introduction

An electric vehicle charging station is a device that is used to recharge the batteries/cells of an electric vehicle (EV). The charging stations use a source of electricity to recharge electric cars, and plug-in hybrids. The charging stations can be installed in public places as well as private places by governmental agencies or private companies.

Need for EV Charging Stations
  • To recharge the batteries of Electric Vehicles
  • To promote the use of Electric Vehicles
  • To reduce the overall usage of the fossil fuels for the operation of vehicles
  • To lessen the quantity of harmful gases released during the burning of gaseous and liquid fuels.
Recent Innovation Areas in Research Publications
The Global Electric Vehicle Charging Stations Market size was valued at USD 3.18 Billion in 2020 and is projected to reach USD 32.34 Billion by 2028, growing at a CAGR of 33.64% from 2021 to 2028.

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