Electric Vehicle Charging Stations - Market Analysis and Forecast to 2020

Electric Vehicle Charging Stations - Market Analysis and Forecast to 2020, In terms of Electric Vehicle (EV) charging stations, level 2 charging stations comprise the largest market globally. Europe accounts for the biggest share of the market, especially Western Europe, followed by North America. In Asia-Pacific, Japan is already a front-runner in terms of the adoption of both EVs and EV charging technology, but China is expected to see major growth during the forecast period. Other countries, such as Australia, will also present huge markets. Global market revenue stood at an estimated $139m in 2013 due to a rise in EV sales and a stronger focus on implementing a charging network to encourage uptake.