New analysis by Grand View Research has predicted that the electric vehicle charging infrastructure market could be worth $217 billion by 2030. Exacting vehicle emissions standards, as well as highly focused research and development in the industry were named as contributing factors to the market’s potential explosive growth.
The fast charger segment is expected to do very well and emerge as the fastest growing. The Combined Charging System (CCS) is expected to rule the connectors segment. Fast-charging station deployment along highways, in hotels and shopping malls, and parking facilities will likely grow the commercial segment and help it gain significant traction.
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