Netherlands EV Charging Stations Market - Forecasts from 2024 to 2029
The Netherlands electric vehicle charging stations market is estimated at US$447.167 million in 2024 and is anticipated to attain US$1,235.732 million by 2029, growing at a CAGR of 22.54%.
An EV (electric vehicles) charging station can be defined as a hub or center, which offers charging solutions to these vehicles. The charging station offers a wide range of charging speeds, which can cater to multiple types of electric vehicles. The availability of a developed and easily accessible charging station is among the key components for the development of the electric vehicle ecosystem in any nation. The EV charging station market in the Netherlands is forecasted to grow significantly, which can be attributed to the increasing governmental initiatives to develop the nation’s electric vehicle infrastructure.
One of the major factors driving the electric vehicle charging market of the Netherlands forward is the increasing market demand for electric vehicles in the nation. With the increasing demand for electric vehicles, the nation's charging infrastructure has witnessed massive developments. The Netherlands is among the most developed electric vehicle charging infrastructure across the European region. European Automobile Manufacturers’ Association, or ACEA, in its report, stated that there are about 144,453 public charging in the Netherlands. Germany and France have about 120,625 and 119,255 public charging points, respectively, in the European Union. Similarly, implementing and introducing multiple policies and government subsidies are also expected to push the market forward.
Netherlands electric vehicle charging stations market driversIncreasing sales of electric vehicles
The Netherlands' electric vehicle market share in the nation's total car sales has witnessed massive growth, boosting the demand for an efficient and easily accessible charging infrastructure. The Netherlands is among the biggest electric vehicle markets in the European region, observing an increase of about 8.5% in the new registration of battery electric vehicles (BEVs).
In its report, the European Automobile Manufacturers’ Association (ACEA) stated that total BEV registration in the Netherlands, from January to July 2024, was recorded at 31%, which increased from 28.6% during the same period of 2023. The agency further stated that in 2022, the total registration of battery electric vehicles in the Netherlands was recorded at about 23.5%, 38.3% of petrol vehicles were registered, and 24.9% of hybrid electric vehicles were registered nationwide. The registration of BEVs in 2023 increased to 30.8%, during which the registration of petrol vehicles slipped down to 30.4%, and hybrid vehicles attained 24.4% registration.
The demand for electric vehicles is further expected to witness massive growth in the Netherlands, primarily due to developments in the nation’s charging infrastructure and the introduction of new government policies and investment opportunities.
Introduction of policies and projects by the governments
The Netherlands' government has introduced and implemented multiple policies and investment opportunities aimed at growing the nation's electric vehicle charging station network. For instance, the nation introduced an EV incentive, which offers a subsidy of about EUR4,000 for the lease or purchase of new electric vehicles, whereas a subsidy of about EUR2,000 for the purchase or lease of used electric vehicles. The nation also offers tax benefits like Environmental Investment Allowance (MIA), through which companies can receive an investment of up to 36% in the electric vehicle infrastructure in the nation.
Similarly, the Dutch National Charging Infrastructure Agenda’s report stated that as of April 2023, the nation had about 574,057 electric vehicles on its roads, which have a total market share of about 26.5%. The report further stated that the nation has about 5,201 fast charging points.
The Netherlands electric vehicle charging stations market is segmented and analyzed as follows:By Vehicle typeBattery Electric Vehicle (BEVs)
Plug-in Hybrid Electric Vehicle (PHEV)
By ApplicationCommercial
Residential
By Charging typeAC Charging (Level 1 and Level 2)
DC Charging