The global electric vehicle charging station market size was US$ 31.1 billion in 2021. The global electric vehicle charging station market is forecast to grow to US$ 245.6 billion by 2030 by registering a compound annual growth rate (CAGR) of 21.1% during the forecast period from 2022 to 2030.
The apparatus that connects an electric vehicle to a power source to refuel electric cars, neighbourhood electric vehicles, and plug-in hybrids are known as an electric vehicle charging station. Some of the advanced stations include advanced capabilities such as smart metering, cellular connectivity, and network access. Connectors for charging stations are available in a range of standards.

Factors Influencing the Market
The growing cost of petroleum products will surge the adoption of electric vehicles in the coming years. As a result, it will drive the growth of the global electric vehicle charging station market.
Rising awareness about the negative impact of conventional vehicles on the environment will also drive the adoption of electric vehicles in the coming years. Thus, it will propel the electric vehicle charging station market forward.
Growing government subsidies and funding in the electric vehicle segment will also contribute to the growth of the electric vehicle charging station market. For instance, according to the United States Department of Energy, the District of Columbia provides a tax credit of nearly 50% on the cost of charging infrastructure purchases. Moreover, various governments have introduced stringent regulations forcing manufacturers to focus more on the production of electric vehicles. Thus, it will drive the growth of the electric vehicle charging station market. On the contrary, the high cost associated with electric vehicle charging stations may limit the growth of the market.

COVID-19 Impact Analysis
The onset of the COVID-19 pandemic hampered consumer purchasing power, which ultimately affected the electrical vehicle charging station market. Moreover, manufacturing disruptions and stringent government regulations further impeded the growth of the electric vehicle charging station market.

Regional Analysis
The Asia-Pacific electrical vehicle charging station market is forecast to grow at the fastest rate due to the large population of countries like India and China. Further, the governments of the countries are investing highly in the electric vehicle sector, which will be opportunistic for the electrical vehicle charging station market. The government of India also unveiled its plans to install nearly 69,000 electric vehicle charging stations across the country. Thus, such initiatives will boost the growth of the Asia-Pacific electrical vehicle charging station market.

Competitors in the Market
ChargePoint Inc.
ABB
bpChargemaster
Webasto Thermo & Comfort
Shell International B.V.
Schneider Electric
Blink Charging Co.
Groupe Renault
Phihong USA Corp.
EV Safe Charge Inc.
Eaton.
Tata Power.
Tesla.
Other Prominent Players

Market Segmentation
The global electric vehicle charging station market segmentation focus on Level of Charging, Charging Infrastructure, Application, and Region.
By Level of Charging
Level 1
Level 2
Level 3
By Charging Infrastructure
Normal Charge
Type-2
CCS
CHAdeMO
Tesla Supercharger
By Application
Commercial
Residential
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America