USA 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), And By Charging Type (AC Charging (Level 1 And Level 2), DC Charging) - Forecasts From 2024 To 2029

USA Electric Vehicle Charging Stations Market Size

The USA electric vehicle charging stations market is anticipated to expand at a CAGR of 13.51% to attain US$3,402.050 million by 2029 from US$1,805.567 million in 2024.

An EV (electric vehicle) charging station is a hub that offers charging solutions for these vehicles. It connects an electric vehicle to a power source, enabling various types of electric vehicles, including 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 the USA. This growth is mainly due to the increasing ownership of electric vehicles and the introduction of new policies and investment plants boosting the nation's EV infrastructure. The increasing governmental initiative towards the zero-emission and sustainable automotive sector and the introduction of new technologies like self-driving, high-speed charging, and V2G are also attracting new consumers, propelling the market growth.

What Are the USA Electric Vehicle Charging Stations Market Growth Drivers?

• The increasing sales of electric vehicles.

One of the major driving factors that is expected to propel the market growth of EV charging stations in the United States is the increasing sales of electric vehicles. The United States of America witnessed a massive increase in its total EV sales, which can be attributed to multiple factors. These factors include technological advancements, growing battery technology, and increasing public EV ecosystems nationwide. The International Energy Agency, in its electric car sales report, stated that the sales of EVs in the USA nearly doubled between 2021 and 2023. The total number of electric cars sold in the US in 2021 was recorded at about 0.6 million, which expanded to 1 million in 2022, reaching a total EV sold to 1.4 million in 2023.

The total number of battery electric vehicles (BEVs) in the nation also grew significantly. IEA, in its global EV stock report, stated that in 2021, the USA had a total EV stock of about 1.5 million, which expanded to about 2.1 million in 2022. In 2023, this figure was estimated at 3.5 million units, marking a massive growth in the EV industry, which is further expected to boost the nation's EV charging station market forward.

• Favorable government policies towards EV infrastructure

The introduction of new and more favorable policies in the EV landscape is also expected to boost the nation's EV charging station market growth.

With new policies, subsidies, and investment opportunities, new companies will mark their presence, boosting the market's growth. The Federal government of the USA has introduced multiple policies and subsidies to attract new investments in developing EV charging infrastructures nationwide. For instance, the Bipartisan Infrastructure Law of the nation includes an amount of US$5 billion, which is to be used for building and installing EV charging along the nation's highways. This law also provides another US$2.5 billion in competitive grant funding, which is aimed at building EV charging infrastructure.

USA Electric Vehicle Charging Stations Market Players and Products:

• 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 company's products include control room solutions, PLC automation, robotics, medium voltage products, and industrial software. In the EV charging station market, 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.
• Robert Bosch LLC, or Bosch, is a German multinational corporation which offers multiple 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 offers personal & home charging and commercial & public charging solutions. The company offers EV3000 30kW DC fast charger, EV800 series bollards, EV810, and cables & accessories.

Recent Developments in the USA Electric Vehicle Charging Stations Market

• 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 Starbucks locations along Interstate 5 (I-5).
• In July 2024, BP Pulse, a part of BP, signed a deal with the US-based Simon Property Group to expand the ultra-fast EV charging network in the nation. In its press release, BP Pulse stated that the company aimed to install ultra-fast BP Pulse Gigahubs across 75 Simon locations, which will feature about 900 charging bays.

USA Electric Vehicle Charging Stations Market Scope:

Report Metric	Details
USA Electric Vehicle Charging Stations Market Size in 2024	US$1,805.567 million
USA Electric Vehicle Charging Stations Market Size in 2029	US$3,402.050 million
Growth Rate	CAGR of 13.51%
Study Period	2019 to 2029
Historical Data	2019 to 2022
Base Year	2024
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Million
Segmentation	Vehicle Type Application Charging Type
List of Major Companies in USA Electric Vehicle Charging Stations Market	ABB Ltd. Bosch Automotive Service Solutions Inc. ChargePoint Inc. Delta Electronics Inc. Siemens AG
Customization Scope	Free report customization with purchase

 

The USA Electric Vehicle Charging Stations Market is analyzed into the following segments:

• By Vehicle Type
  • Battery Electric Vehicle (BEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
• By Application
  • Commercial
  • Residential
• By Charging Type
  • AC Charging (Level 1 and Level 2)
  • DC Charging

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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. USA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY VEHICLE TYPE

5.1. Introduction

5.2. Battery Electric Vehicle (BEV)

5.3. Plug-in Hybrid Electric Vehicle (PHEV)

6. USA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY APPLICATION

6.1. Introduction

6.2. Commercial

6.3. Residential

7. USA 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. 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. ABB Ltd.

9.2. Bosch Automotive Service Solutions Inc.

9.3. ChargePoint Inc.

9.4. Delta Electronics Inc.

9.5. Siemens AG

9.6. Tesla Inc.

9.7. EV Connect, Inc.

9.8. EvoCharge Inc.

9.9. Electrify America

9.10. EVgo Network

ABB Ltd. 

Bosch Automotive Service Solutions Inc. 

ChargePoint Inc. 

Delta Electronics Inc. 

Siemens AG 

Tesla Inc. 

EV Connect, Inc. 

EvoCharge Inc. 

Electrify America 

EVgo Network