The electric vehicle (EV) charging sector is poised for extraordinary expansion, fueled by factors that encourage EV adoption and advancements in charging infrastructure.
PwC forecasts a surge in the US EV market, with 27 million EVs by 2030 and a staggering 92 million by 2040, necessitating a tenfold increase in charging facilities.
The EV infrastructure market is anticipated to skyrocket to $100 billion by 2040, with charge point operators (CPOs) leading the way as primary revenue drivers among Electric Vehicle Supply Equipment (EVSE) providers, delivering all-encompassing solutions.
Significant expansion is expected in both workplace and on-the-go charging segments through 2030, catering to the increasing demand for convenient charging options.
Additionally, the multi-unit residential building segment is projected to experience substantial growth, with market share estimates soaring from nearly zero to approximately 15% in 2025 and 17% in 2030.
The maturation of the EVSE market is further accelerated by an influx of start-ups and substantial investments in the sector.
Since 2021, major energy corporations have acquired over 20 EV charging start-ups, and at least five EV enterprises have gone public through special purpose acquisition companies (SPACs) since 2020, nurturing further growth and innovation.
Undeniably, the EV industry is on an ascendant trajectory, and an innovative project called C+Charge seamlessly integrates this momentum with cryptocurrency to deliver a comprehensive solution, empowering individuals to capitalize on this burgeoning trend.
As the EV charging sector brims with immense growth potential, businesses that strategically enter the market armed with advanced technologies stand to reap substantial
Read more on cryptonews.com