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Showing posts with the label Electric Vehicle Charging Station Market

Global Electric Vehicle Charging Station Market To Grow At 10.19% During 2018-2026

Global warming has become a concern for countries across the world. In the last decade most developed and developing nations have taken onus to arrest the expanding carbon footprint. One of the several measures adopted by the leading nations is to ban diesel powered cars in the next 15-20 years. As a result, car manufacturers are rolling out hybrid or electric vehicles. This has created opportunities for the global electric vehicle charging station market. The demand in the global electric vehicle charging station has been growing consistently, and is expected to grow at a stupendous CAGR of 10.19% during the forecast period. According to a Transparency Market Research report that was published recently, the global  electric vehicle charging station market  will surpass US$3bn by the end of 2026. The rapid growth in the market is augmented by the stiff competition among the key players. As the sales figures for electric vehicles climb every year, the demand for charg...