Electric Vehicle Charging as a Service Market Size

Electric Vehicle Charging as a Service Market size was over USD 25.6 Billion in 2023 and is poised to cross USD 113.9 Billion by the end of 2036, witnessing more than 18% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the sector size of electric vehicle charging as a service is estimated at USD 50.2 Billion.

The reason behind the growth is the rising sales of electric vehicles globally. As stated by the International Energy Association (IEA) released in the year 2024, sales of electric vehicles increased by 3.5 million in 2023 across the globe compared to 2022, a 35% annual rise. In a decade the number of customers of electric vehicles increased per week between 2013 to 2023. This is a weekly total that exceeds the yearly total.