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Electric vehicle charging infrastructure
EV Charger Market 2020-2027 The global electric vehicle charger market was valued at $3.8 billion in 2019, and is projected to reach $25.5 billion by 2027, registering a CAGR of 26.8% from 2020 to 2027. Factors such as government regulations to limit environment pollution, increase in market penetration of electric vehicles, and surge in government initiatives for development of electric vehicle charging infrastructure drive the growth of the electric vehicle charger market. However, limited number of EV charging stations and lack of standardization of EV charging are anticipated to hamper the market growth. Further, surge in demand for luxury and feature enabled vehicles and wireless charging for electric vehicles are expected to create numerous opportunities for EV chargers market expansion. Electric vehicle charging infrastructure is vital for the mass adoption of electric vehicles. Several government initiatives have been undertaken to provide EV charging stations acros...
first of its kind low-cost EV charging solutions
EV Chargers in India India has embarked on an ambitious program to introduce EV (Electric Vehicle) in a big way to transform the entire transport sector. Given this stated objective to decarbonise the whole transport sector, VerdeMobility, a unit of System level Solutions, has joined hands with one of the largest operators of Sigfox, iWire Technologies, to develop the world’s first Sigfox enabled, Electric Vehicle Charging Stations. It is the first of its kind low-cost EV charging solutions manufactured in India. The different product variants can be used for personal or commercial purposes, drawing power from the grid or solar systems. With a mobile app that allows the vehicle owner to find the nearest available charging station, make payments based on charge and online, this unique machine is the ‘thing’ every Government, Company with fleets, Mall owners, petrol pumps, need to implement. Both companies aim to manufacture chargers in India and supply...