North America Electric Vehicle Charging Stations Market Size, Share, Opportunities, And Trends By Vehicle Type (Battery Electric Vehicles (BEV), Plug-In Hybrid Electric Vehicles (PHEV)), By Application (Commercial, Residential), By Charging Type (AC Charging (Level 1 And Level 2), DC Charging), And By Country - Forecasts From 2024 To 2029

North America's electric vehicle charging stations market is estimated to attain US$5,764.476 million by 2029, from US$2,925.806 million in 2024, growing at a CAGR of 14.53%.

An EV (electric vehicles) 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 North America, mainly with the increasing ownership of electric vehicles and the introduction of new policies and investment plants to boost the nation's EV infrastructure.

One of the major driving factors estimated to boost the North American electric vehicle charging station market forward is the increasing demand for electric vehicles in the region. The demand for electric vehicles in countries like Canada and the USA is increasing rapidly, mainly due to the introduction of favorable government policies and innovation in electric vehicle technology. The region's government has also implemented multiple policies and strategic projects to develop the nation's EV infrastructure, pushing the market share of electric vehicle charging stations.

North America Electric Vehicle Charging Stations Market Drivers:

• Increasing sales of electric vehicles

The increasing demand for regional electric vehicles is estimated to play a major role in the region’s electric vehicle charging market growth. The United States is among the biggest electric vehicle markets globally, with its annual sales growing significantly with EV’s technological developments. The International Energy Agency, in its global electric car sales report, stated that EV sales in the United States doubled within the past three years and are expected to grow further. The organization stated that in 2021, the total number of electric vehicles sold in the US was recorded at 0.6 million, which expanded to 1 million in 2022, finally reaching 1.4 million in 2023. The production of EVs in the nation has also grown massively, from a total stock of electric vehicles of about 1.5 million in 2021 to 3.5 million in 2023.

The Canadian electric vehicle market also witnessed a growth in its demand. The Canada Energy Regulator, in its report, stated that in 2023, the total registration of zero-emission vehicles reached 185,000 units, an increase of about 49% from 2022. Similarly, in Mexico, the registration of electric vehicles increased by 80% in 2023, reaching a total year-on-year sales of 15,000.

• Introduction of policies and projects by the governments

The implementation of new and favorable policies introduced by the countries in the North American region is estimated to propel the region's charging station market expansion. The governments of multiple countries like Canada, the USA, and Mexico have introduced various policies and subsidies to develop the EV charging ecosystem. For instance, the government of Canada introduced a new zero-emission vehicle charging station policy, which has been approved to build over 25,000 electric vehicle chargers nationwide. Similarly, the Office of Energy Efficiency & Renewable Energy  Department of the US Government approved about US$1.3 billion in funding to expand the nation's electric charging network and alternative fueling infrastructure.

North America Electric Vehicle Charging Stations Market Products Offered by Key Companies:

Robert Bosch LLC, or Bosch, is a German multinational corporation which offers several products and services across multiple industries. The Bosch Automotive Service Solutions LLC., an e-mobility subsidiary of the company, offers a wide range of charging solutions in the USA. The company provides personal & home charging and commercial & public charging solutions. It offers EV3000 30kW DC fast charger, EV800 series bollards, EV810, and cables & accessories.

ABB is among the global leaders in electrification and automation, and it caters to multiple industries, like aluminum, mining, ports, power generation, chemicals, data centers, and solar power, among others. The products and solutions of ABB include control room solutions, PLC automation, robotics, medium voltage products, and industrial software. The company offers multiple EV charging infrastructure solutions, such as AC destination, DC fast, DC high power all-in-one, V2G, and HVC 360, among others.

North America Electric Vehicle Charging Stations Market Key Developments:

• In July 2024, Mercedes-Benz, a global leader in the automotive industry, and Starbucks announced a partnership aimed at installing EV chargers at more than 100 Starbucks stores in the USA. The companies aimed to install high-power charging points across the nation's Starbucks locations along Interstate 5 (I-5).
• In June 2023, Telus, a global leader in communication technology, partnered with JOLT, an Australian company, which aimed to invest in installing EV charging stations across Canada. The partnership targets to install about 5,000 chargers across multiple Canadian cities.

The North American Electric Vehicle Charging Stations market is segmented and analyzed as follows:

• By Vehicle type
• • Battery Electric Vehicle (BEVs)
  • Plug-in Hybrid Electric Vehicle (PHEV)
• By Application
  • Commercial
  • Residential
• By Charging type
  • AC Charging (Level 1 and Level 2)
  • DC Charging
• By Country
  • USA
  • Canada
  • Mexico

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. NORTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY VEHICLE TYPE 

5.1. Introduction

5.2. Battery Electric Vehicles (BEVs)

5.3. Plug-in Hybrid Electric Vehicle (PHEV)

6. NORTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY APPLICATION

6.1. Introduction

6.2. Commercial

6.3. Residential

7. NORTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY CHARGING TYPE

7.1. Introduction

7.2. AC Charging (Level 1 and Level 2)

7.3. DC Charging

8. NORTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY COUNTRY

8.1. Introduction

8.2. USA

8.3. Canada

8.4. Mexico

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Electrify America LLC.

10.2. Evgo Services LLC.

10.3. Tesla, Inc.

10.4. ABB

10.5. Bosch Automotive Service Solutions Inc.

10.6. ChargePoint Inc.

10.7. Delta Electronics Inc.

10.8. Siemens AG

10.9. EV Connect, Inc.

10.10. EvoCharge Inc.

Electrify America LLC.

Evgo Services LLC.

Tesla, Inc. 

ABB 

Bosch Automotive Service Solutions Inc. 

ChargePoint Inc. 

Delta Electronics Inc. 

Siemens AG 

EV Connect, Inc. 

EvoCharge Inc.