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Global EV charging market to hit $164 bn by 2030, India’s growth rate at 16%

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Mohnish Bhatnagar

The global electric vehicle (EV) charging infrastructure market is set to grow substantially, with revenues forecasted to increase from $25.9 billion in 2023 to $164 billion by 2030, according to the latest report from 1Lattice, a leading market intelligence firm. The report, titled "Electric Vehicles: Charging Market Assessment," reveals a compound annual growth rate (CAGR) of approximately 12% globally, while India’s EV charging market is expected to grow at a CAGR of 16%, driven by rising EV adoption due to environmental concerns and volatile fuel prices. https://energy.economictimes.indiatimes.com/amp/news/power/global-ev-charging-market-to-hit-164-bn-by-2030-indias-growth-rate-at-16-report/114998938

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