Europe EV Charging Infrastructure Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Platform (Hardware and Services), Hardware (AC Charger and DC Charger), Charger Type (Public Chargers and Private Chargers), and IEC Mode (2, 3, and 4)

Europe EV Charging Infrastructure Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Platform (Hardware and Services), Hardware (AC Charger and DC Charger), Charger Type (Public Chargers and Private Chargers), and IEC Mode (2, 3, and 4)

The Europe EV charging infrastructure market is expected to grow from US$ 2,561.65 million in 2021 to US$ 7,781.43 million by 2028. It is estimated to grow at a CAGR of 17.2% from 2021 to 2028.

The scaling of EV adoption has resulted in the rising importance of convenient and affordable public chargers, which require substantial government support. Several governments across the region have supported EV charging infrastructure by implementing measures such as direct investment to install publicly accessible chargers and incentives for EV owners to install charging points at home. Various metro cities and prominent urban center planners have taken stringent measures to support the widespread adoption of EVs, including strategic deployment of charging infrastructure and implementation of preferential/prohibited circulation or access schemes, such as low and zero-emission zones or differentiated circulation fees. For instance, the EU has adopted numerous directives and regulations that are driving the EV charging infrastructure market in the region. These directives include CO2 emissions performance standards for cars and vans, the Alternative Fuels Infrastructure Directive, and the European Energy Performance of Buildings Directive, which are creating substantial investment grounds for major EV charging infrastructure players in this region. The Alternative Fuel Infrastructure Directive (AFID) is the primary measure driving the implementation of public EV charging stations, aiming to install 1 million publicly accessible chargers by 2025. Resilient policy support from governments of major economies across the region is accelerating the growth of the Europe EV charging infrastructure market.

In Europe, different countries' timing and degree of response to the COVID-19 pandemic and then gradually restarting economies resulted in a variety of impacts on the road network. Across the region, significant European mobility and transportation industry players suffered a brief slowdown due to the lack of raw materials from the global supply chain. However, the increase in purchase incentives across Europe in early 2020, notably in Germany, France, and Italy, resulted in a rise of 55% in electric car sales during the first half of 2020, relative to the same period in 2019. The growth of EV charging infrastructure in Europe can be attributed to the rising need for manufacturers to comply with stricter European Union CO2 standards for new passenger cars and vans from January 2020. The impact of the COVID-19 pandemic has resulted in cities and municipalities adopting sustainable, future-oriented solutions to address increasing electric mobility demand and limit the growing environmental pollution. Various prominent companies in the European region, such as EVBox, are rigorously implementing eco-friendly charging stations and digital solutions to build efficient and convenient electric mobility across the region.

Therefore, after a slowdown in transportation and infrastructural activities in Europe, the EV Charging Infrastructure Market is attracting positive avenues due to the accelerating shift in mobility trends and the rising focus of countries in the region to adopt adequate eco-friendly transportation.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe EV charging infrastructure market to rise at a promising CAGR during the forecast period.

Europe EV Charging Infrastructure Market Revenue and Forecast to 2028 (US$ Million)

Europe EV Charging Infrastructure Market Segmentation

Europe EV Charging Infrastructure Market – By Platform

Hardware Services Europe EV Charging Infrastructure Market – By Hardware

AC charger Level 1 Charger (120 V)Level 2 Charger (240 V)DC Charger Europe EV Charging Infrastructure Market – By Charger Type

Public Chargers Private Chargers Europe EV Charging Infrastructure Market – By IEC Mode

234Europe EV Charging Infrastructure Market, by Country

Germany France Italy UKRussia Rest of Europe Europe EV Charging Infrastructure Market - Companies Mentioned

Blink Charging Co.BP p.l.c.Charge Point, Inc. Delta Electronics, Inc. EVBox RWE AG Tesla, Inc. Tritium Webasto Group

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