Electric Vehicle Charging Infrastructure Market Outlook:
Electric Vehicle Charging Infrastructure Market size was over USD 40.26 billion in 2025 and is projected to reach USD 457.06 billion by 2035, growing at around 27.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of electric vehicle charging infrastructure is evaluated at USD 50.22 billion.
The EV charging infrastructure market is growing due to the increasing adoption of electric vehicles and supportive government policies. For instance, in January 2024, the U.S. government allocated USD 623 million in infrastructure investment toward EV charging infrastructure. This indicates a growing support to enhance the accessibility of EV charging. Additionally, regulatory frameworks and standards are being established to ensure the safety, reliability, and interoperability of the charging infrastructures. The collective efforts by governments and industry stakeholders are driving the prospects of the EV charging infrastructure market.
Businesses are investing aggressively to promote the expansion of their charging networks and product innovation to take advantage of the growth in the market. For instance, in June 2024, ChargePoint and LG Electronics partnered with integrated hardware and software-based solutions to execute EV recharge. Other firms are forming strategic partnerships to share expertise and resources toward expanding the network. The R&D investments are also testing cutting-edge technologies and charging features that answer EV owners' diverse requirements.
