EV Charging as a Service Market Size, Share, By Charging Point Type (Battery Electric Vehicles (BEVs), and Plug-in Hybrid Electric Vehicles (PHEVs)), By Charger Type (Alternate Current (Normal Charging), and Direct current (Supercharging)), By Application

EV Charging as a Service Market Size, Share, By Charging Point Type (Battery Electric Vehicles (BEVs), and Plug-in Hybrid Electric Vehicles (PHEVs)), By Charger Type (Alternate Current (Normal Charging), and Direct current (Supercharging)), By Application (Commercial, and Residential), By Charging Infrastructure (Public, and Private), and By Region - Trends, Analysis and Forecast till 2034

EV Charging as a Service Market growth is driven by several factors, which includes increased government initiatives promoting EV adoption, advancements in charging technology and the growing emphasis on sustainable transportation solutions. As urbanization accelerates and the need for efficient charging infrastructure becomes more critical CaaS models are emerging as a viable solution for both businesses and consumers.

EV Charging as a Service Market Report Highlights:

• In 2023, EV Charging as a Service market was estimated to be worth USD 20.2 billion.
• By 2034, the target market is expected to grow to USD 138.80 billion.
• Target market is expanding at a CAGR of 18.7%.
• North America held the largest share of the market in 2024.
• Asia-Pacific is projected to be the fastest-growing market in the coming years.
• By charging point type, the battery electric vehicles (BEVs) segment accounted for the largest share of the market in 2024.
• Based on charger type, the alternate current (Normal Charging) segment is expected to dominate with over 60% market growth.
• By charging infrastructure, the public segment dominated the market globally in 2024.
• On the basis of application, the commercial segment is projected to dominate the market during the forecast period.

EV Charging as a Service Market Key Highlights:

• In October 2023, ABB launched its Terra 360 modular charging station, capable of delivering a full charge to an EV in less than 15 minutes. This charger supports both AC and DC, offering versatility for various EV types.
• In August 2023, Tesla expanded its Supercharger network by introducing V4 Superchargers across Europe, capable of delivering up to 350 kW of power. These new chargers are compatible with non-Tesla vehicles, further enhancing accessibility to ultra-fast charging.

EV Charging as a Service Market Report Analysis:

An Overview of European Charging Stations

For instance, according to the research report published by MDPI, in June 2023, the European Commission has set an ambitious objective for the next decade: to see a minimum of 30 million EVs cruising on the roads. By embracing sustainable transportation, the Commission aims to reduce carbon emissions, enhance air quality, and promote a cleaner and greener future for all. With this transformative vision, Europe is poised to pave the way toward a more electrified and sustainable transportation landscape, creating a brighter tomorrow for future generations. The EU is actively advancing the adoption of electric mobility through various means. It not only encourages car manufacturers to produce low-emission vehicles but also supports the development of CSs.

In line with the increasing popularity of electric vehicles, the construction of the charging infrastructure is essential to reaching the challenging target of zero emissions by 2050. It is essential to guarantee that charging stations are widely available and accessible as EVs grow more and more common. The ultimate goal of policy is to remove all obstacles to EV travel and ease issues like range anxiety by making charging EVs as simple and effortless as refuelling a traditional car. Three million public charging stations are required by 2030, according to the European Commission's 2020 Sustainable and Smart Mobility Strategy, in order to ensure a dense, widely dispersed network for all users.

Browse ∼50 market data tables and ∼45 figures through ∼189 slides and in-depth TOC on “EV Charging as a Service Market Size, Share, By Charging Point Type (Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs)), Charger Type (Alternate Current (Normal Charging) and Direct current (Supercharging)), Application (Commercial and Residential), Charging Infrastructure (Public and Private), and Region - Trends, Analysis, and Forecast till 2034”

EV Charging as a Service Market Competitive Landscape:

The key players operating in the market are ChargePoint, Inc., Tesla, Inc., ABB, EVBox , Siemens AG, Shell EV Charging Solutions UK Ltd., Blink Charging Co., bp Pulse, IONITY GmbH, Tritium DCFC Ltd., Electrify America , Allego B.V., ENGIE Impact , EVgo Services LLC, and Greenlots (A Shell Group Company).