"MarketsandMarkets forecasts the electric vehicle charging stations (EVCS) market is expected to grow from USD 3.22 billion in 2017 to reach USD 30.41 billion by 2023, at a CAGR of 41.8% between 2018 and 2023. The key factors driving the growth of the market include government funding, subsidies, and incentives, growing demand of electric vehicles, growing concern toward environmental pollution, and heavy investment from automakers in EVs. However, high price and small distance covered by EVs and lack of standardization with EV charging are the key restraining factors for market growth." - As per a report from MarketsandMarkets™
The global Electric Vehicle market has taken a massive leap forward in the past decade. Even though there is substantial increase in the adoption EVs, one of the major constraints in the market is the availability of sufficient charging infrastructure. Charging operators and OEMs are determined to inculcate smart charging infrastructure and evolve with the currently fast paced environment. Governments are enforcing policies to encourage the use of EVs and creating policies and subsidies to implement more charging stations all across Europe. As a result of the growing EV adoption, the need for fast and convenient charging systems with better technology has also elevated.
The EV Charging Infrastructure and Technology Expo focuses on bringing together key stakeholders to discuss the growth opportunities in the EV Charging Industry though new infrastructures and technology upgradation. The Expo will provide a platform for the government, utility companies, municipalities, OEMs, fleet owners, researchers and electric vehicle technology providers to share their view and expertise related to future and scope of EV charging in Europe. The EV Charging Expo is the only international event in Netherlands that focuses on EV Charging. As Europe's premium event for EV charging and emerging technologies, we believe that the future of eMobility depends on access to efficient charging. Learn all about EV Charging Infrastructure, Charging Technology, Battery Technology and Energy Storage at the EV Charging Infrastructure and Technology Expo from 30th September till 2nd October 2020 at MECC, Maastricht.