Growth Projections for Electric Vehicle Charging Infrastructure Through 2031

Tuesday, 23 July 2024, 13:40

The Electric Vehicle Charging Infrastructure Market is experiencing significant growth, projected to expand from a valuation of USD 31.39 billion in 2022 to USD 121.09 billion by 2031. This represents a compound annual growth rate (CAGR) of 25.5% from 2024 to 2031. The increasing adoption of electric vehicles (EVs) and enhancements in infrastructure are key drivers of this market trend.
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Growth Projections for Electric Vehicle Charging Infrastructure Through 2031

Overview of the Electric Vehicle Charging Infrastructure Market

The Electric Vehicle Charging Infrastructure Market had a valuation of USD 31.39 billion in 2022. It is anticipated to grow substantially, reaching USD 121.09 billion by 2031.

Market Growth Rate

  • Projected growth from USD 39.44 billion in 2023.
  • Expected CAGR of 25.5% during the period 2024-2031.

Drivers of Growth

  1. Increased adoption of electric vehicles.
  2. Improvements in charging infrastructure.

The surge in demand for electric vehicles plays a pivotal role in the expansion of the charging infrastructure market.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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