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The United States electric vehicle charging infrastructure (EVCI) market size attained a value of USD 5.48 billion in 2023. The market is estimated to grow in the forecast period of 2024-2032 at a CAGR of around 39.9% to reach around USD 112.62 billion by 2032.
Electric vehicle (EV) charging infrastructure refers to the network of facilities and equipment designed to supply electric energy for recharging electric vehicles. The infrastructure also includes the software and services necessary for operating the charging stations, managing payment systems, and integrating with the electric grid. This can involve smart charging solutions that optimise charging times based on electricity demand and supply, and vehicle-to-grid technologies that allow EVs to return energy to the grid, among others.
The United States electric vehicle charging infrastructure (EVCI) market growth can be attributed to the introduction of government policies aimed at improving the electric vehicle (EV) system, including charging stations in car parks and charging stations. In order to support the market development over the forecast period, important public and private initiatives to promote the use of EVs are also anticipated. Furthermore, government bodies like municipalities and the federal government are investing with the aid of private entities in the construction of EV charging stations.
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Rapid expansion of DC fast chargers, rising use of renewable energy, adoption of smart charging technologies, and PPE for infrastructure development are positively impacting the United States electric vehicle charging infrastructure (EVCI) market growth
Date | Event |
Feb 15th 2024 | Michigan awarded nearly $23 million for EV infrastructure, aiming to boost EV accessibility statewide under the National Electric Vehicle Infrastructure Formula Program. |
Jan 15th 2024 | LG Electronics opened its first U.S. EV charger factory in Fort Worth, Texas, to support the growing EV infrastructure demand and create jobs. |
Dec 11th 2023 | The U.S. government committed to creating a network of over 500,000 public EV chargers by 2030, aiming to enhance America's electric vehicle infrastructure and usage. |
Jul 26th 2023 | Seven automakers, including BMW and GM, united to launch a high-powered charging network across North America, planning at least 30,000 charge points. |
Topic | Description |
Expansion of Fast Charging Networks | The U.S. is rapidly expanding its network of DC fast chargers along major highways and urban areas to reduce charging times and facilitate long-distance EV travel. |
Integration of Renewable Energy Sources | There is a growing trend towards integrating EV charging infrastructure with renewable energy sources, such as solar and wind, to ensure sustainable and environmentally friendly charging solutions. |
Smart Charging Technologies Adoption | Smart charging technologies that enable real-time communication between EVs and the grid, optimising charging schedules for efficiency and grid stability are increasingly adopted. |
Public-Private Partnerships for Infrastructure Development | To accelerate the deployment of EV charging stations, the U.S. is witnessing a rise in public-private partnerships, leveraging both governmental support and private-sector innovation and investment. |
The market expansion is buoyed by the automotive industry's substantial investments in electric vehicle production, with major manufacturers announcing plans to significantly increase their EV offerings in the coming years. This surge in available EVs is driving the demand for more accessible and convenient charging options, spanning from urban centres to rural areas, thereby necessitating a widespread and reliable charging infrastructure.
The emergence and concentration of major automobile and electrical equipment industries in the United States also propel the United States electric vehicle charging infrastructure (EVCI) market expansion. Strict government restrictions on carbon emissions and pollution levels and the increasing popularity and adoption of EVs that involve the deployment of supporting infrastructure are further supporting the market.
However, high infrastructure costs and initial installations may hinder the United States electric vehicle charging infrastructure (EVCI) market growth. The costs of research and development activities are extremely significant as they require a committed workforce.
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“United States Electric Vehicle Charging Infrastructure (EVCI) Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup | Categories |
Charger Type | Slow Chargers, Fast Chargers |
Connector | CHAdeMO, Combined Charging System (CCS), Others |
Application | Commercial, Residential |
Region | New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, Far West |
Slow chargers are likely to be most prevalent in public and private places owing to their cost effectiveness
Slow chargers, primarily Level 1 and Level 2 chargers, are the most common types of EV charging stations currently installed across the United States. Level 1 chargers, offering the slowest charging speed, typically use a standard 120-volt AC plug and are often used for residential charging, providing about 2 to 5 miles of range per hour of charging.
Level 2 chargers, on the other hand, operate on 240-volt AC power and are much faster, offering about 12 to 80 miles of range per hour of charging. These are widely installed in both public and private settings, including homes, workplaces, and public parking areas.
Meanwhile, fast chargers, or DC Fast Chargers (DCC), are expected to dominate the United States electric vehicle charging infrastructure (EVCI) market share in the forecast period as they provide significantly higher charging speeds, offering 60 to 100 miles of range in just 20 minutes of charging, depending on the model and charging capacity.
Increasing adoption of combined charging systems is expected to propel the growth of the United States electric vehicle charging infrastructure (EVCI) market
Combined charging system (CCS) is a DC fast charging standard that has been widely adopted by American and European automakers. It integrates AC charging capability (using the J1772 connector in the U.S.) and DC fast charging into a single port on the vehicle, offering a versatile solution for EV charging. This universality, combined with significant backing from a large number of manufacturers, has driven its adoption. In the United States electric vehicle charging infrastructure (EVCI) market, the infrastructure for CCS is rapidly expanding, with major investments from both public and private sectors aimed at increasing the availability of CCS fast charging stations across the country.
CHAdeMO is a DC fast charging standard that originated in Japan. It was one of the first such standards to be widely adopted, supported primarily by Japanese automakers like Nissan and Mitsubishi.
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Some of the major players in the United States electric vehicle charging infrastructure (EVCI) market are increasingly investing in the development of advanced charging technologies:
Company | Description |
ChargePoint, Inc. | ChargePoint is at the forefront of advancing electric vehicle (EV) charging networks, providing an extensive array of products and services, including hardware, software, and support. It caters to businesses, fleets, and individual drivers, with a strong presence in North America and Europe. |
AeroVironment, Inc. | AeroVironment stands out for its dual expertise in unmanned aircraft systems and electric vehicle charging solutions, catering to a diverse clientele from military to commercial sectors worldwide. Its innovation-driven approach aims to enhance efficiency and sustainability in both domains. |
General Electric Company | As a diversified multinational conglomerate, General Electric operates across several sectors, including aviation, power, and renewable energy. It is increasingly focusing on electric vehicle charging solutions, leveraging its broad technological base to innovate in the sustainable energy space. |
Leviton Manufacturing Co. | With a long history in electrical wiring equipment, Leviton has expanded its offerings to include electric vehicle chargers, alongside a comprehensive range of products for residential, commercial, and industrial applications. It emphasises smart technology and sustainability in its solutions. |
Other key players in the United States electric vehicle charging infrastructure (EVCI) market are SemaConnect, Inc., and Tesla, Inc., among others.
Significant investments are being made in developing more advanced charging technologies, including faster chargers and more efficient systems, as well as expanding the physical infrastructure to cover more geographic areas. This includes both public and private investment, with initiatives aimed at increasing the number of charging stations across highways, residential areas, and commercial spaces.
The Southwest, particularly California, is unequivocally the leader in the United States EVCI market. California's aggressive push for electrification, supported by stringent regulations, comprehensive incentives, and a tech-savvy population, has established it as a model for EV adoption and infrastructure development. The state's ambition to phase out gasoline-powered vehicles by 2035 further underscores its leading position.
Meanwhile, New England, known for its progressive environmental policies, has a growing electric vehicle charging infrastructure (EVCI), supported by state-level incentives and a commitment to reducing carbon emissions. The Mideast region includes states with a mix of urban and rural areas, where EV adoption is growing, particularly in densely populated urban centres.
States like New York and New Jersey have implemented ambitious programmes to expand their EV charging networks and offer various incentives for EV buyers and infrastructure developers, fuelling the United States electric vehicle charging infrastructure (EVCI) market expansion.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Charger Type |
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Breakup by Connector |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 United States
7 Industry Opportunities and Challenges
8 United States Electric Vehicle Charging Infrastructure (EVCI) Market Analysis
8.1 Key Industry Highlights
8.2 United States Electric Vehicle Charging Infrastructure (EVCI) Historical Market (2018-2023)
8.3 United States Electric Vehicle Charging Infrastructure (EVCI) Market Forecast (2024-2032)
8.4 United States Electric Vehicle Charging Infrastructure (EVCI) Market by Charger Type
8.4.1 Slow Chargers
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Fast Chargers
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.5 United States Electric Vehicle Charging Infrastructure (EVCI) Market by Connector
8.5.1 CHAdeMO
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Combined Charging System (CCS)
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Others
8.6 United States Electric Vehicle Charging Infrastructure (EVCI) Market by Application
8.6.1 Commercial
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Residential
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.7 United States Electric Vehicle Charging Infrastructure (EVCI) Market by Region
8.7.1 Market Share
8.7.1.1 New England
8.7.1.2 Mideast
8.7.1.3 Great Lakes
8.7.1.4 Plains
8.7.1.5 Southeast
8.7.1.6 Southwest
8.7.1.7 Rocky Mountain
8.7.1.8 Far West
9 Regional Analysis
9.1 New England
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Mideast
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Great Lakes
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Plains
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Southeast
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Southwest
9.6.1 Historical Trend (2018-2023)
9.6.2 Forecast Trend (2024-2032)
9.7 Rocky Mountain
9.7.1 Historical Trend (2018-2023)
9.7.2 Forecast Trend (2024-2032)
9.8 Far West
9.8.1 Historical Trend (2018-2023)
9.8.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 ChargePoint, Inc.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 AeroVironment Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 General Electric Company
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Leviton Manufacturing Co., Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 SemaConnect, Inc.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Tesla, Inc.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. United States Electric Vehicle Charging Infrastructure (EVCI) Market: Key Industry Highlights, 2018 and 2032
2. United States Electric Vehicle Charging Infrastructure (EVCI) Historical Market: Breakup by Charger Type (USD Billion), 2018-2023
3. United States Electric Vehicle Charging Infrastructure (EVCI) Market Forecast: Breakup by Charger Type (USD Billion), 2024-2032
4. United States Electric Vehicle Charging Infrastructure (EVCI) Historical Market: Breakup by Connector (USD Billion), 2018-2023
5. United States Electric Vehicle Charging Infrastructure (EVCI) Market Forecast: Breakup by Connector (USD Billion), 2024-2032
6. United States Electric Vehicle Charging Infrastructure (EVCI) Historical Market: Breakup by Application (USD Billion), 2018-2023
7. United States Electric Vehicle Charging Infrastructure (EVCI) Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. United States Electric Vehicle Charging Infrastructure (EVCI) Historical Market: Breakup by Region (USD Billion), 2018-2023
9. United States Electric Vehicle Charging Infrastructure (EVCI) Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. United States Electric Vehicle Charging Infrastructure (EVCI) Market Structure
In 2023, the market attained a value of nearly USD 5.48 billion.
The market is projected to grow at a CAGR of 39.9% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 112.62 billion by 2032.
The major drivers of the market are the rising introduction of favourable government initiatives, increasing funding for tax credits and profitable subventions, and the rising adoption of EVs.
The key trends guiding the growth of the market include the increasing popularity of electric vehicles and the introduction of strict government restrictions on carbon emissions and pollution levels.
The major regions in the market are New England, the Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The major charger types in the market are slow chargers and fast chargers.
The major players in the market are ChargePoint, Inc., AeroVironment Inc., General Electric Company, Leviton Manufacturing Co., Inc., SemaConnect, Inc., and Tesla, Inc., among others.
The United States electric vehicle charging infrastructure (EVCI) market attained a value of USD 5.48 billion in 2023, driven by the introduction of favourable government policies. Aided by the rising expenditure in improving the electric vehicle (EV) system, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 39.9%. The market is projected to reach USD 112.62 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on charger type, the market is bifurcated into slow and fast chargers. On the basis of connector, the industry is divided into CHAdeMO, combined charging system (CCS), and others. By application, the industry is segmented into commercial and residential. The major regional markets for electric vehicle charging infrastructure (EVCI) in the United States are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West. The key players in the above market include ChargePoint, Inc., General Electric Company, Leviton Manufacturing Co., Inc., SemaConnect, Inc., and Tesla, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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