About Charging station

The demand for electric vehicle charging stations is growing rapidly around the globe as the number of electric vehicles on the road increases. The number of public and private charging stations is expected to grow from about 1.1 million in 2017 to 5 million by 2025, according to a report by Bloomberg New Energy Finance. As of June 2022, China electric vehicle charging station market alone has over 8,10000 charging stations and numbers in expanding at a significant rate with each passing month. This growth is being driven by government policies and incentives, as well as the declining cost of electric vehicles and improvements in battery technology.

India needs about 1 million charging stations to meet the requirement for 5 million Electric Vehicles (EV) that could potentially ply on its roads by 2026.

"Electric Vehicle Charging Station Market to Reach $823 billion by 2028,at a CAGR of 31.12% over the forecast period (2022–2028)| Investment Worth Over $30 Billion on the way to Improve Global Charging Infrastructure".