North America EV Charging Infrastructure Market Trends, Size, Segment and Growth by Forecast to 2030
The North American EV charging infrastructure market is experiencing significant growth, projected to expand from US$ 1,472.90 million in 2021 to US$ 3,275.41 million by 2028, demonstrating a compound annual growth rate (CAGR) of 12.1% during this period.
Government Policies Fueling Growth
Strong government support is a key driver for the expanding EV charging infrastructure. As electric vehicle adoption scales across North America, there’s a growing need for convenient and affordable public charging options. Governments are responding with various measures, including:
- Direct investment in publicly accessible chargers.
- Incentives for EV owners to install home charging points.
- Strategic deployment of charging infrastructure in metro areas and urban centers.
- Implementation of preferential or restricted access schemes like low and zero-emission zones.
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For instance, state-level policies in the US, such as the Low Carbon Fuel Standard, are accelerating EV adoption. Many states offer purchase incentives for EV buyers and provide financial and technical assistance for charging infrastructure installation. This robust policy support is significantly contributing to the market’s acceleration.
Market Overview and Driving Factors
North America is rapidly embracing electric vehicles. In 2019, the US was the third-largest electric vehicle market globally, with approximately 320,000 new EV sales. By 2020, about 1.8 million EVs were registered in the US, a more than threefold increase from 2016. This surge in EV ownership has led numerous states to prioritize EV infrastructure development.
California, for example, has built a network of nearly 42,000 publicly accessible charging stations, aiding widespread EV adoption. The increasing availability of EV charging stations in public places like shopping malls, restaurants, commercial buildings, parking lots, and railway stations, coupled with government initiatives, is propelling market growth.
Furthermore, major automakers are making substantial investments in electric mobility, which is also boosting the EV charging infrastructure market. For instance, Tesla committed US$ 1 billion to its Gigafactory in Austin, Texas, for Cybertruck EV production. Similarly, Volkswagen invested US$ 800 million to upgrade its Chattanooga, Tennessee factory for EV manufacturing. These investments in EV production are directly increasing the demand for charging infrastructure, creating significant opportunities for market flourishing throughout the forecast period.
Strategic Insights for North America EV Charging Infrastructure
These strategic insights deliver a data-driven analysis of the North America EV charging infrastructure market, highlighting current trends, key industry players, and regional distinctions. They provide actionable recommendations to help stakeholders stand out from competitors by uncovering untapped opportunities and crafting unique value propositions. By leveraging advanced data analytics, market participants—including investors, manufacturers, and service providers—can proactively anticipate shifts and emerging trends. A forward-looking approach is critical to positioning for sustainable, long-term success in this rapidly evolving sector. Ultimately, these insights equip decision-makers with the knowledge needed to drive profitability and achieve their strategic business goals within the North American EV charging ecosystem.
North America EV Charging Infrastructure Regional Insights
The geographic scope of the North America EV Charging Infrastructure refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
| Segment | Categories | 2021 Market Leader |
| Operator Type | Charge Point Operators, E-Mobility Service Providers | Charge Point Operators |
| Platform | Hardware, Services | Hardware |
| Hardware | AC Chargers (Level 1 & Level 2), DC Chargers | AC Chargers |
| Charger Type | Public Chargers, Private Chargers | Private Chargers |
| IEC Mode | Mode 2, Mode 3, Mode 4 | Mode 2 |
| Country | US, Canada, Mexico | US |