Europe Electric Vehicle Charging Stations Market Size, Share, Opportunities, And Trends By Type Of Electric Vehicle (Battery Electric Vehicles (BEVs), Plug-In Hybrid Electric Vehicles (PHEVs)), By Application (Public, Private), And By Country - Forecasts From 2024 To 2029

Europe Electric Vehicle Charging Stations Market Size

The Europe Electric Vehicle Charging Stations market is expected to grow at a CAGR of 26.54%, reaching a market size of US$16,432.279 million in 2029 from US$5,064.418 million in 2024.

An electric vehicle (EV) charging station is a hub or center that connects the EV to a power source from the grid, allowing the vehicles to charge their batteries. The European EV charging station market is forecasted to witness massive growth, majorly attributed to its increasing ownership of electric vehicles. With the increasing ownership of electric vehicles in the region, the demand for an efficient, publicly accessible, and developed charging station is estimated to grow significantly, majorly in the remote locations of the region, like along the inter-nation highways.

The electric vehicle charging station market has grown vastly over the last few years. One of the main reasons for the market’s growth is the increasing sales of electric vehicles in the European region, especially in the countries within the European Union. Similarly, introducing various policies and subsidies by the EU to boost the region’s EV market is also significantly expanding the electric vehicle charging market. The EU aims to reduce its greenhouse gas emissions by 55% by 2030. It also intends to achieve carbon neutrality by 2050. The government has taken several actionable steps to promote the use of EVs and EV charging stations.

Europe is among the most developed regions with efficient and publicly accessible electric vehicle charging infrastructures in the world. According to the International Energy Agency (IEA), Europe ranks second globally in terms of availability of slow-public chargers. The region had about 460,000 total slow chargers in 2022. The region had about 70,000 fast chargers in the same year, a 55% increase compared to 2021.

Europe Electric Vehicle Charging Stations Market Drivers:

• Increasing sales of electric vehicles

One of the major factors boosting the European electric vehicle charging station market forward is the increasing demand for electric vehicles in the region. This region is among the biggest operators of electric vehicle charging infrastructures, majorly due to the increasing demand for EVs in countries like Germany, Netherlands, France, and Spain, among others. It is also home to some of the global leaders in electric vehicle and charger technologies, driving technological advancements in the sectors.

The International Energy Agency (IEA), in its global electric vehicle sales report, stated that, while plug-in hybrid vehicle sales remained constant from 2021 to 2023, the sales of battery electric vehicles (BEVs) grew significantly in the European region. The agency further stated that in 2021, the total sales of battery electric vehicles in Europe were recorded at about 1.2 million, which grew to 1.6 million in 2022. In 2023, this figure was recorded at about 2.2 million. The production of BEVs has also grown significantly in the region over the past few years. In 2021, the total battery electric vehicle was recorded at 2.9 million, which increased significantly to about 4.4 million in 2022, finally reaching 6.7 million in 2023.

Europe Electric Vehicle Charging Stations Market Products Offered by Key Companies:

• Shell Recharge is a subsidiary of Shell Plc, a British multinational oil and gas company that offers e-mobility solutions. It is among the biggest electric mobility companies and aims to offer easy-to-use charging solutions for electric vehicles. In the global e-mobility sector, the company offers multiple solutions, such as Shell Car Care, Shell Go+, Shell Recharge, and Shell stations.
• ChargePoint, Inc. is among the biggest electric vehicle infrastructure companies globally. It offers solutions for fleets, drivers, businesses, and drivers. In the German electric vehicle charging station market, the company offers Level 2 AC charging stations and DC fast charging stations. Its products include CP6000, CT4000, CPF50, and Express Plus, among many others.

Europe Electric Vehicle Charging Stations Market Key Developments:

• In July 2024, SSE, a Scotland-based e-mobility solution provider, announced the opening of Scotland's most powerful EV charging hub. The Myrekirk Roundabout site opened in Dundee, Scotland, features 24 ultra-rapid charging bays, offering a total power output of about 2.5 MW. In this hub, 8 out of the total 24 bays feature an output of 360 kW, whereas the remaining 16 bays feature 150 kW power output.
• In June 2024, Atlante, part of the NHOA Group, partnered with Groupe Duval to install about 1,200 charging points in Europe by 2025. The partnership aims to set up charging points across 130 locations in the European region and will offer fast charging.

Europe Electric Vehicle Charging Stations Market Scope:

Report Metric	Details
Europe EV Charging Stations Market Size in 2024	US$5,064.418 million
Europe EV Charging Stations Market Size in 2029	US$16,432.279 million
Growth Rate	CAGR of 26.54%
Study Period	2019 to 2029
Historical Data	2019 to 2022
Base Year	2024
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Million
Segmentation	Type of Electric Vehicle Application Country
Geographical Segmentation	Germany, France, United Kingdom, Norway, Netherlands, Italy, Others
List of Major Companies in Europe EV Charging Stations Market	Ionity GmbH ABB LTD ChargePoint Inc. Tesla Inc. BP Pulse (BP)
Customization Scope	Free report customization with purchase

Europe's Electric Vehicle Charging Stations Market is analyzed into the following segments:

• By Type of Electric Vehicle
  • Battery Electric Vehicle (BEVS)
  • Plug-In-Hybrid Electric Vehicles (PHEVS)
• By Application
  • Public
  • Private
• By Country
  • Germany
  • France
  • United Kingdom
  • Norway
  • Netherlands
  • Italy
  • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. EUROPE ELECTRIC VEHICLE CHARGING STATIONS MARKET BY TYPE OF ELECTRIC VEHICLE

5.1. Introduction

5.2. Battery Electric Vehicles (BEVs)

5.3. Plug-in Hybrid Electric Vehicle (PHEV)

6. EUROPE ELECTRIC VEHICLE CHARGING STATIONS MARKET BY APPLICATION

6.1. Introduction

6.2. Public

6.3. Private

7. EUROPE ELECTRIC VEHICLE CHARGING STATIONS MARKET BY COUNTRY

7.1. Introduction

7.2. Germany

7.3. France

7.4. United Kingdom

7.5. Norway

7.6. Netherlands

7.7. Italy

7.8. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Ionity GmbH

9.2. ABB LTD

9.3. ChargePoint Inc.

9.4. Tesla Inc.

9.5. BP Pulse (BP)

9.6. Allego B.V.

9.7. Shell Recharge

9.8. Siemens

9.9. Schneider Electric

9.10. Compleo Charging Solutions GmbH

9.11. Vattenfall InCharge

9.12. SCHURTER Group

9.13. Alfen N.V.

Ionity GmbH

ABB LTD 

ChargePoint Inc. 

Tesla Inc. 

BP Pulse (BP) 

Allego B.V. 

Shell Recharge 

Siemens 

Schneider Electric 

Compleo Charging Solutions GmbH 

Vattenfall InCharge 

SCHURTER Group 

Alfen N.V.