The global Electric Vehicle infrastructure market is set to expand by the end of 2021
Germany: German Electric Vehicles
manufacturer Daimler has planned to launch six to nine new electric vehicles
through 2024. The company has focused on diversifying its product portfolio of
electric vehicles to embark upon the opportunities available in the electric
vehicles industry. The increasing penetration of electric vehicles globally
would lead to upsurge in the market for electric vehicles infrastructure in
near future.
TechSci Research depicts that the governments
across the globe have focused on reduction of harmful gas emissions from the
automobile sector, thereby formulating policies to increase the penetration of
electric vehicles in the transportation industry. With increasing focus of
governments across the globe to promote the use of electric vehicles, the
market for electric vehicles infrastructure is expected to expand in near
future.
According to released report of TechSci Research “Global Electric Vehicle Infrastructure
Market Forecast & Opportunities, 2021”, the global electric vehicle infrastructure market is projected to grow
at a CAGR of 27% by the end of 2021. The growth is expected on account of increasing
number of electric vehicles globally and governments’ policy to promote the adoption
of electric vehicles. The increase in development of battery technologies and
charging protocols is a big boost for electric vehicle infrastructure. The
enhancement in battery technology and universal charging protocols would lead
to upsurge in demand for electric vehicles and expansion in market for electric
vehicle infrastructure globally.