The electric vehicle (EV) charging market in the U.S. is poised for a monumental scale-up, potentially growing nearly tenfold by 2030, driven by robust consumer interest, automaker commitments, and significant governmental support, including substantial funding from the 2021 Infrastructure Investment and Jobs Act. This expansion aims to accommodate the estimated 27 million EVs expected on the roads by 2030. Key strategies to achieve this include enhancing the number of charge points and engaging various business sectors like Charge Point Operators (CPOs) who will play a significant role in building and maintaining the charging infrastructure. The anticipated growth of EVSE (Electric Vehicle Supply Equipment) will require a collaborative effort across multiple stakeholders to ensure the charging infrastructure keeps pace with the EV adoption curve.
Accelerating the EV Charging Market to Meet 2030 Goals
