Italy's electric vehicle charging stations market is estimated at US$137.170 million in 2024 and is anticipated to attain US$247.444 million by 2029, expanding at a CAGR of 12.52%.
An EV (electric vehicle) charging station is a hub or center that offers charging solutions to these vehicles. This links an EV to a power source, allowing electric vehicles, like passenger cars, two/three wheel EVs, fleets, and electric transport vehicles, to charge their batteries. The EV charging station market is expected to grow significantly in Italy, mainly with the increasing ownership of electric vehicles and the introduction of new policies and investment plans to boost the nation's EV infrastructure.
The increasing sale of electric vehicles in the Italian market is estimated to propel the nation’s electric vehicle charging station market forward. This is possible because, with the increase in the popularity and presence of electric vehicles across the nation, the demand for an optimum and easily accessible charging infrastructure will grow. Similarly, the Italian EV charging station market is also estimated to grow with the introduction of new and more favorable policies and projects by the country’s government for the development of the electric vehicle ecosystem in the nation.
One of the major factors driving the Italian electric vehicle charging station market is the increase in sales of electric vehicles in the nation. The EV industry has witnessed significant growth in the nation, observing a growth of about 115.8% in its new registrations in June 2024, compared to June 2023, as stated by the European Alternative Fuels Observatory of the European Commission. The organization stated that in June 2024, 13,285 new EVs were registered in the nation, which can be credited to introducing the nation's new EcoBonus incentive.
The agency's report further stated that in the first half of 2024, the total registration of new electric vehicles in Italy was 34,709 units, which marked an increase of about 6.2% from the same period of 2023. The total number of EVs was recorded at 251,023 in Italy as of June 30, 2024.
The Italian Government has introduced multiple projects and policies to attract new investments and develop the existing electric vehicle ecosystem nationwide within the next few years. For instance, in January 2023, the Italian Ministry of the Environment and Energy Security (MASE) announced its new project, which targets installing about 21,000 new electric vehicle charging stations in Italy by 2026.
Similarly, the Revenue Agency of the Italian Government also introduced its SuperBonus 110%, a tax deduction scheme aimed at encouraging companies and businesses to invest in the nation's charging station infrastructure. These projects and policies are likely to offer massive growth opportunities for all companies operating in the market.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Italy Electric Vehicle Charging Stations Market Size in 2024 | US$137.170 million |
| Italy Electric Vehicle Charging Stations Market Size in 2029 | US$247.444 million |
| Growth Rate | CAGR of 12.52% |
| Study Period | 2019 to 2029 |
| Historical Data | 2019 to 2022 |
| Base Year | 2024 |
| Forecast Period | 2024 – 2029 |
| Forecast Unit (Value) | USD Million |
| Segmentation |
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| List of Major Companies in Italy Electric Vehicle Charging Stations Market |
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| Customization Scope | Free report customization with purchase |
The Italian Electric Vehicle Charging Stations Market is segmented and analyzed as follows: