Electric Vehicle Charging Infrastructure Market Size, Share & Trends Analysis growing at a CAGR of 25.5% from 2025 to 2030

The global electric vehicle charging infrastructure market size was estimated at USD 32.26 billion in 2024 and is projected to reach USD 125.39 billion by 2030, growing at a CAGR of 25.5% from 2025 to 2030. Growing concerns over carbon emissions and the growing adoption of electric vehicles (EVs) across the globe are major factors behind market growth.

Key Market Trends & Insights

• Asia Pacific dominated the market and accounted for a 67.4% share in 2024.
• South Korea electric vehicle charging infrastructure market is expected to grow significantly over the forecast period.
• Based on charger type, the fast charger segment led the market and accounted for 72.8% of the global revenue in 2024.
• Based on charging type, the AC charging segment accounted for the largest market revenue share in 2024.
• Based on level of charging, level 2 segment led the market with the largest revenue market share in 2024.

Market Size & Forecast

• 2024 Market Size: USD 32.26 Billion
• 2030 Projected Market Size: USD 125.39 Billion
• CAGR (2025-2030): 25.5%
• Asia-Pacific: Largest market in 2024

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Government regulations and tax exemptions further promote the adoption of EVs, thus driving the demand for EV charging infrastructure solutions. In addition, factors such as rapid technological advancements in battery technology and decreasing cost of lithium-ion batteries are expected to contribute to market growth during the forecast period. In recent years, EVs have gained significant popularity, notably driven by increasing environmental awareness and a focus on sustainability. As the adoption of EVs continues to expand, governments globally are implementing regulations aimed at supporting industry growth, thereby contributing to the EV charging infrastructure market. For instance, the US Federal Government provides a tax credit of up to USD 7,500 for qualifying EVs. In addition, in Canada, the government aims to achieve a target of having all light-duty vehicles sold be zero-emission by 2040. Such government initiatives to promote EV adoption are expected to boost market growth.