The network of charging stations and related equipment that makes refilling electric vehicles (EVs) possible is known as electric vehicle (EV) charging infrastructure. Because it provides a range of charging alternatives, including DC fast charging stations that can drastically cut down on charging time, Level 1 (normal household outlets), and Level 2 (stronger home or public chargers), this infrastructure is essential for the mainstream adoption of EVs. To make long-distance commuting easier, charging stations are frequently positioned beside roadsides, in public spaces, offices, and shopping malls.
According to SPER market research, ‘China Electric Vehicle Charging Infrastructure Market Size- By Charging Station Type, By Vehicle Type, By User Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the China Electric Vehicle Charging Infrastructure Market is predicted to reach USD 16.02 Billion by 2033 with a CAGR of 39.1%.
Drivers: The market for battery electric vehicles in China provides strong support for the industry of electric car charging infrastructure. It is getting a lot of support from the government. Through 2022, China will continue to provide subsidies for the purchase of new energy vehicles (NEVs). One important factor influencing the global purchasing of electric vehicles is the accessibility of public EV charging stations. Access to public charging stations for quick charging is considered crucial when buying an electric car. It is anticipated that the public charging segment’s revenue growth will improve. Additionally, China’s battery electric vehicle market offers robust assistance for the electric vehicle charging infrastructure sector. The government is giving it a lot of assistance.
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Challenges: There are many challenges that hinder China’s market for electric vehicle (EV) charging infrastructure. The uneven distribution of charging stations, which often over-empowers urban areas while underserving rural ones, causes range anxiety in potential EV customers. The lack of standardization in charging technology makes it even more difficult for different EV models and charging networks to work together. Regulatory regulations and expensive installation costs are major barriers that hinder the growth of existing providers and the entry of new rivals.
COVID-19 Impact: China’s EV charging infrastructure industry was significantly impacted by the COVID-19 outbreak, which at first delayed charging station construction and caused supply chain disruptions. Sales of EVs were delayed by lockdowns and other limitations that decreased consumer mobility, which decreased the need to set up charging networks. However, the epidemic boosted government investment in environmentally friendly transportation and sped up the development of green technologies as part of the economic recovery. This shift prompted investments in faster, more efficient charging solutions and a renewed focus on enhancing the charging infrastructure.
Additionally, some of the market key players are EV Power, Evking, Hooenergy, ShenZhen Carenergy Net, Southern Power Grid, Starcharge, State Grid Corporation of China.
China Electric Vehicle Charging Infrastructure Market Segmentation:
By Charging Station Type: Based on the Charging Station Type, China Electric Vehicle Charging Infrastructure Market is segmented as; AC Charging Station, DC Charging Station.
By Vehicle Type: Based on the Vehicle Type, China Electric Vehicle Charging Infrastructure Market is segmented as; Passenger Vehicles, Commercial Vehicles.
By User Application: Based on the User Application, China Electric Vehicle Charging Infrastructure Market is segmented as; Private Infrastructure, Public Infrastructure.
By Region: This research also includes data for Eastern, Western, Southern and Northern Region.
For More Information in China Electric Vehicle Charging Infrastructure Market, refer to below link –
China EV Charging Infrastructure Market Share
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