Government Initiatives To Strengthen EV Charging Infrastructure Network

With rising air pollution levels in several countries and growing public awareness about the environmental degradation caused due to the usage of fossil fuel-powered vehicles, the sales of electric vehicles are rising rapidly. This is, in turn, pushing up the requirement for electric vehicle supply equipment across the globe. Moreover, the governments of many countries are implementing mandatory policies and setting targets pertaining to the deployment of electric vehicles and charging facilities.

Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/india-evse-market/report-sample

For example, the South Korean government intends to install 10,000 fast electric vehicle chargers all over the country by 2022. Similarly, the Indian government is aiming to set up 2,700 charging stations in cities having more than 4 million residents by 2023. Apart from this, the government also intends to install ultra-fast and fast charging stations along the major highways in the coming years. Many governments are also making huge investments in the development of robust charging stations.


This is mainly because of the range anxiety of the electric vehicle owners. In the U.S., the Californian government recently passed an Executive Order, which includes the proposal to invest as much as $900 million in the installation of 250,000 charging points by 2025. These investments are propelling the development of electric vehicle charging facilities and infrastructure, which is, in turn, driving the progress of the global electric vehicle supply equipment market.

This was mainly because of the higher usage of home chargers across the world and the extensive deployment of private charging stations in China. Globally, the North American EVSE market would exhibit the fastest growth in the upcoming years, according to the market research firm, P&S Intelligence. This would be because of the increasing implementation of favorable government policies such as the provision of financial incentives, subsidies, and tax credits, regarding electric vehicles and charging stations in the region.

Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=india-evse-market

Thus, it can be said with full surety that the demand for electric vehicle supply equipment in India would skyrocket across the world in the future years, mainly because of the growing deployment of electric vehicles in several countries around the world.

Comments

Post a Comment

Popular posts from this blog

Vertical Farming Market- High Investment in the Vertical Farming

Image
GLOBAL VERTICAL FARMING MARKET  By Component ·          Hardware o     Lighting §   Grow Lights §   Grow Light Reflectors §   Grow Light Ballasts o     Hydroponic Components §   Pumps and Irrigation §   Meters and Solutions §   Water Filters §   Others (includes Timer and Delivery System) o     Climate Control §   Ventilation Fans §   Air Purification/ Control §   Others (includes Condenser and HVAC System) o     Sensors §   Temperature Sensors §   CO2 Sensors §   Nutrient Sensors §   PH Sensors §   Crop Sensors §   Others (Biosensors and Electronics Nose) ·          Software Global  vertical farming market  is expected to reach $6,372.5 million by 2023, witnessing CAGR of 24.2% on account of increasing awareness levels among consumers and rising disposable income, leading to the consumption of high value crops. Adoption of organic foods, rising urban population, growing focus towards efficient production of fresh fruits and vegetabl
Read more

CBD Oil Market Assess the Trends, Opportunities and Competition in the Market

Image
With its plethora of health benefits and close association with cannabis or marijuana, as it is popularly known, cannabidiol (CBD) oil is one such controversial substance that makes doctors and medical researchers come face to face with the conservative figureheads of the society. However, with growing public awareness and government support, the stigma associated with CBD oil is rapidly going away and the product is finding more and more consumers all over the world. In the recent times, many countries such as the U.S. and Canada have legalized the usage of the compound and in the coming years, many more will follow. Several countries in Asia-Pacific (APAC), Europe, and Latin America (LATAM) such as the U.K., Norway, Spain, South Korea, Thailand, Japan, Mexico, South Africa, and Brazil have followed the U.S. and Canada and allowed the complete or partial sale of various cannabidiol-containing items in the last few years. Request to Get the Sample Report@  https://www.psmarketrese
Read more

Automotive HMI Market Opportunities, Trends, Growth Analysis | Forecast – 2030

Image
According to a report by P&S Intelligence, the global automotive HMI market is projected to generate a revenue of $55,318.4 million by 2030, increasing from $18,822.3 million in 2019, progressing at a 10.8% CAGR during the forecast period (2020–2030). The market is registering growth due to the advancements in the augmented reality, connectivity, virtual reality, and IoT technologies and the incorporation of these technologies in HMI solutions. Moreover, the swift digitization is also predicted to result in the growth of the market. Geographically, Asia-Pacific (APAC) dominated the market in 2019, in terms of value, due to the higher sales of passenger cars in the region in comparison to other regions. As the spending power of consumers is rising, the adoption of HMI-equipped vehicles is projected to rise as well. In addition to this, the Chinese automotive domain is registering considerable growth in the demand and sales of premium cars, which is further leading to the growth of
Read more