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Showing posts with the label EV Charging Infrastructure Market size

Global EV Charging Infrastructure Market Growth 2020-2026

According to a study of Research Dive, global  EV charging infrastructure market  forecast shall surpass $18,589.0 million by 2026. The pollutant emissions from diesel-engine vehicles have necessitated strict government policies to back the alternative fuels and advanced vehicle technologies to improve the environmental performance. Rising demand for eco-friendly vehicles is one of the major factors for the EV charging infrastructure market growth. In addition, technology innovations combined with heavy investments in EV charging   infrastructure development is also projected to drive the growth of the global market. Contrary to this, high cost of fast charging stations is anticipated to decline the growth of the global EV charging infrastructure industry. PV (photovoltaic) based charging stations for electric vehicles can fulfill the rising demand of power by electric vehicles in upcoming years. This technology is mainly focusing on economic and technical feasibility. Furthermore, the