Navigant Research projects global market for plug-in charging equipment to grow to 4.3M units and $5.8B in revenue in 2022
2 October 2013The market for plug-in electric vehicles (PEVs) has expanded in recent years in parallel with the deployment of publicly accessible charging stations, mainly funded by government programs. According to a new report from Navigant Research, there are now almost 64,000 public charging stations installed globally. Overall, Navigant Research expects global sales of electric vehicle supply equipment (EVSE) to grow from around 442,000 units in 2013 to 4.3 million in 2022, a compound annual growth rate (CAGR) of 28.8%. The company expects revenue from the sales of EVSE to grow from $567 million in 2013 to $5.8 billion in 2022 at a CAGR of 29.4%.
