Europe electric vehicle charging infrastructure market is expected to grow at a CAGR of 33.6% during 2019-25

Government’s efforts such as exemption from toll roads and tax rebates for electric vehicles would contribute as a major driving factor for the growth of Europe electric vehicle charging infrastructure market during the forecast period-6Wresearch

Europe's electric vehicle charging infrastructure market is expected to be driven on the back of rising technological upgradations in the power grid system providing fast charging speed for electric vehicles coupled with generous incentives provided by the government for the improvisation of electric mobility across the region.

According to 6Wresearch, Europe electric vehicle charging infrastructure market is expected to grow at a CAGR of 33.6% during 2019-25. Europe is offering great opportunities for the growth and development of electric mobility in the country. With rising government efforts and strategic plans such as the imposition of high tax for high emission cars, the market for electric vehicle charging infrastructure is expected to foresee burgeoning growth projections over the coming years.

According to Prithu Chawla, Research Analyst, Research and Consulting, 6Wresearch, “Norway electric vehicle charging infrastructure market has been witnessed as a market leader for electric vehicle charging infrastructure in the overall Europe electric vehicle charging infrastructure market. Additionally, the Norwegian government is planning to invest $55 Million for the growth and development of electric mobility in the country which would act as a catalyst in the growth of Norway's electric vehicle charging infrastructure market”.

According to Deepanshi Arora, Research Associate, Research and Consulting, 6Wresearch,” Residential charging solutions are dominating the Europe electric vehicle charging infrastructure market owing to tax rebates and easy availability of the residential chargers. However, recent up-gradation in the electric vehicle battery technology, along with a rise in the inclination of the electric vehicle owners towards fast charging is further anticipated to contribute towards the growth of the residential domain of the electric vehicle charging infrastructure market over the coming years.

Some of the key players in Europe's electric vehicle charging infrastructure market include Schneider Electric, Nissan Motor Co. Ltd., ABB Ltd., Tesla Inc., Shell Global, Wallbox, Renault, Virta Global, General Electric and ChargePoint Inc.

The Europe electric vehicle charging infrastructure market report thoroughly covers the market by types, applications and by countries including Norway, Sweden, France, Germany, United Kingdom and the rest of Europe. The Europe electric vehicle charging infrastructure market outlook report provides an unbiased and detailed analysis of the on-going Europe electric vehicle charging infrastructure market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.