U.S. Electric Vehicle (EV) Charging Infrastructure Market Research Report, 2025Posted by Marsh William on October 30th, 2018 30 October 2018, The U.S. Electric Vehicle Charging Infrastructure Market is expected to reach USD 4.37 billion by 2025 as a result of increasing demand from widespread applications owing to its features such as high quality, cost effective, and Eco-friendly. U.S. government and the insurance companies are taking efforts to promote the sell and usage of EVs. For instance, tax benefits are provided to the customers at the time of purchase. Furthermore, countries like France and UK are offering discounts on insurance and bonus on payments to EV buyers. With the increase in the number of sale of EV vehicles, need for supporting charging infrastructure is also expected to grow which is anticipated to aid in the growth of this market over the foreseeable future. U.S. EV charging infrastructure comprises dedicated setups installed for charging vehicles, powered by an electric engine. The growth of this market is marketed majorly by initiatives taken and investments made by the U.S. governments for developing electric vehicle enabled infrastructure throughout the country. For instance, the initiatives involved building of free as well as paid charging spots in parking areas and other important road corridors. The growing concerns for curbing the levels of carbon emission and other harmful gasses are some of the factors compelling the adoption of Electric Vehicles (EVs). Moreover, increasing demand for EV- enabled infrastructure is one of the requirements, which is further promoting the adoption of EVs. Growing concerns of carbon emissions in many metropolitan cities have been facing smog and air quality issues which can result in respiratory diseases. The increasing levels of carbon emission in the environment are promoting the adoption of electric vehicles that they are environment-friendly and do not emit tailpipe pollutants. These factors imply the growth of the U.S. electric vehicle charging infrastructure market. Browse Details of Report@ https://www.hexaresearch.com/research-report/us-electric-vehicle-ev-charging-infrastructure-market Like it? Share it! More by this author |