Electric Vehicle Fast-Charging Infrastructure Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2030)

EV Fast-Charging Infrastructure Market Size

EV Fast Charging Infrastructure Market Trends & Growth Drivers

V2G EV Technology Is Trending in Market

• The Vehicle-to-grid (V2G) EV charging technology permits the electrical energy to flow in both the directions between the power grid and plug-in electric vehicles.
• Moreover, this technology also permits the EVs in storing and discharging the unused energy to the grid, which can improve the performance of the electrical component, along with adding value to the electric vehicle owners.
•  Therefore, the surging technological advancement will provide new market opportunities for the market’s growth rate.

Rapid Surge in Investments and EV Sales Will Spur Market Growth

• The increasing adoption of electric cars has emphasized the need for charging infrastructure development.
• Major electric vehicle markets, such as China, the U.S., and Germany, are spending heavily on research and development, for easier and more-efficient EV charging techniques.
• For instance, in October 2021, GM announced plans to invest more than USD 30 billion to achieve the sales target of over one million electric vehicles by 2025.
• In addition, by 2035, the corporation intends to be entirely electric.
• Similarly, Ford expected to raise its EV production to 600,000 units per year by 2023. Additionally, by 2030, it has planned to make half its vehicle offerings electric.
• Other firms, such as Tesla, Nissan, and BMW, have also made substantial improvements and plans for meeting the future EV demand.
• These policies and investments are likely to increase the demand for EV fast-charging systems over this decade.
• Further, the FAME-II scheme of the Indian government has sanctioned INR 10,000 crore to boost the manufacturing, R&D, and purchase of EVs across the country.
• Moreover, several states have their own EV polices, such as the Switch Delhi initiative of the Delhi government.

Costly Nature of Fast Chargers Hampers Market Growth

• The biggest restraint for the electric vehicle fast charging infrastructure is the high cost of these chargers.
• This is because since they use DC, they need heavy-duty components able to withstand the higher voltages and current values than those that use AC.
• Further, electricity charge may be higher for a DC charger than an AC one. For instance, in India, plugging an EV into an AC charger could entail electricity cost of INR 6.28 per unit, while those using a DC charger may have to shell INR 8.26 per unit.
• Further, research suggests that operating an AC slow charger over three years could cost INR 18,200, while the operational costs for a DC fast charger for the same period could be as high as INR 31,41,600.

EV Fast Charging Infrastructure Market Analysis

Application Analysis

Public charging accounts for the larger share in the market, and it is expected to witness the higher CAGR, of 16%, between 2024 and 2030. This will be owing to the widespread installation of public fast chargers to facilitate EV adoption. Various OEMs and EV network operators are setting up public fast chargers at retail and hospitality facilities, parking lots, government offices, roads, gas and fuel stations, and other areas.

For instance, in the U.S., the Bipartisan Infrastructure Law (BIL) has allocated over USD 7 billion for the development of charging infrastructure for electric vehicles. The objective is to deploy 500,000 public chargers by 2030 that are compatible with all the technologies and vehicles operational around the country.

The following applications are covered:

• Public (Larger and Faster-Growing Category)
• Private

Connector Type Analysis

GB/T is the highest-revenue-generating connector type in the market, accounting for 85% share in 2024. This is because the GB/T DC fast-charging standard supports faster charging with up to 250 kW of power. Moreover, this is the standard connector in China, the largest EV market in the world, for both AC and DC charging.

The SAE CCS category is expected to witness CAGR, of 25%, over this decade. This is because this connector is the best at supporting higher voltages, which reduces charging time. Borth the CCS Type 1 and Type 2 connectors offer a maximum output voltage, current, and power of 1,000 V, 500 A, and 360 kW, respectively. In comparison, the CHAdeMO connector offers a maximum voltage, current, and power of 400 V, 400 V, and 400 kW. Further, CCS Type 2 is the European standard for EV charging connectors, while CCS Type 1 is the standard in North America, the two largest automotive markets in the world outside Asia.

The report offers insights on these connector types:

• Supercharger
• SAE Combo Charging System (Fastest-Growing Category)
• GB/T (Largest Category)
• CHAdeMO

Charging Power Analysis

The <100 kW category is expected to dominate the industry through the forecast period. This is because fast chargers with an up to 100-kW power output are less expensive and can charge an EV in 1–2 hours. They are generally installed at shopping malls, retail shops, and hotels.

Another key factor supporting <100-kW charger demand in the electric vehicle fast-charging infrastructure market is the higher requirement for energy by the higher-kW chargers and the lack of energy, often due to the unreliable grid connectivity, to support such technology. In addition, majorly public charging networks do not require a power output of over 100 kW for customer satisfaction.

The >200 kW category is the fastest-growing over this decade, with a CAGR of 18%. This is attributed to people’s rising need for rapid EV charging infrastructure to reduce the downtime and enable longer journeys. Moreover, the advancements in electrical components are enabling EV chargers to offer ever-rising power outputs. Several charging connectors are already capable of offering power outputs of more than 200 kW, including CCS Type 1 and 2 (360 kW), CHAdeMO (400 kW), and GB-T (237.5 kW), and Tesla North American Charging Standard (NACS), formerly known as the Supercharger (250 kW).

The segment is categorized as follows:

• <100 kW (Largest Category)
• 100–200 kW
• >200 kW (Fastest-Growing Category)

Regional Analysis

• APAC region holds the largest market share, of 55%, in 2024, and it will also witness the highest CAGR, of 18%, during the forecast period.
• This is due to the region's strong preference for clean transportation, which offers a diverse set of prospects for network operators.
• The region's rapid market growth may be ascribed to an increase in government regulations and investments and rise in the acceptance of zero-emission automobiles.
• This will help in bolstering the electric vehicle fast-charging infrastructure market growth as the number of DC fast chargers is grossly low compared to the number of EVs already on the roads.
• For instance, the Australian government has launched several programs to establish fast-charging stations around the country.
• State governments in Australia have begun to provide charging points for about 7,000 EVs that operate in the country currently.
• The country had over 300 fast and ultra-fast charging stations at 150 sites, as of July 2020, representing a 40% increase since July 2019.
• In addition, there are about 2,000 standard charging stations with a charging capacity of less than 50 kW, spread across 1,200 sites, representing a 15% increase in the count from July 2019.

The following is the regional breakdown of the market:

• North America
  • U.S. (Larger Country Market)
  • Canada (Faster-Growing Country Market)
• Europe
  • Germany (Largest Country Market)
  • France
  • Italy
  • Spain
  • U.K. (Fastest-Growing Country Market)
  • Rest of Europe
• Asia-Pacific (APAC) (Largest and Fastest-Growing Regional Market)
  • China (Largest Country Market)
  • Japan
  • India (Fastest-Growing Country Market)
  • Australia
  • South Korea
  • Rest of APAC
• Latin America (LATAM)
  • Brazil (Largest Country Market)
  • Mexico (Fastest-Growing Country Market)
  • Rest of LATAM
• Middle East and Africa (MEA)
  • U.A.E. (Largest and Fastest-Growing Country Market)
  • South Africa
  • Saudi Arabia
  • Rest of MEA

EV Fast Charging Infrastructure Market Share

The market has the presence of several key players, which is why the market is fragmented to stay ahead of their competitors. The biggest reason for the fragmentation is the lack of standardization across the world for EV charger connectors. Japan has adopted the CHAdeMO connector, while CCS Type 1 is the North American standard. Similarly, CCS Type 2 is the standard in Europe, while China has standardized the GB/T connector. Similarly, Tesla’s connectors are acceptable in most markets outside the EU. Similarly, both CHAdeMO and CCS Type-2 connectors are acceptable in India.

EV Fast Charging Infrastructure Market News

• In August 2024, ChargePoint Inc. launched the Omni Port, an EV charger connector combining the features of all major connectors, thus offering enhanced compatibility and accessibility for EV owners.
• In July 2024, Blink Charging Co. was included in the EV Charging Station Portfolio of the National Association of State Procurement Officials, covering Level 2 and 3 EV fast charging stations.
• In June 2024, EVBox, in collaboration with ChargeLab and My EV Charger, installed two of its EVBox DC fast chargers at the Mercedes-Benz of Plano dealership in Texas.
• In April 2024, Delta Electronics Inc. launched ultra-fast EV charger for heavy-duty vehicles. The DC fast charger—UFC500—which is rated for 500 kW, can charge a heavy commercial vehicle in 2 hours, the company claims.