The data predicting this huge electric vehicle charging expansion was released in October by Sky Quest report.
If the world has 16.83 million EV charging stations by 2028, the product’s market value will grow from an $18.1 billion evaluation in 2021 to $120.6 billion.
17% prediction of auto sales by 2025
Notably, electric vehicles are also predicted to represent 17% of overall auto sales by 2025, up from 2.1% in 2021, noted Sky Quest.
One of the challenges in increasing the world’s EV charging stations is that electric cars are not universally compatible with specific chargers.
Combined Charging System (CCS)
Tesla worked to stabilize the variance in EV charger types by extending its connector design to the world so Tesla drivers can visit Combined Charging System (CCS) networks even without an adapter.
Originally, Tesla’s EV connector was made for its cars exclusively.
Some EV companies went on to make their alternative connector, the Combined Charging System (CCS.)
If a Tesla owner wants to power up at a CCS public network, you’ll need an adapter to connect your vehicle to the charger.
Tesla’s EV connector has no moving parts, is half the size, and is twice as powerful as CCS connectors.
The US government will play a central role in expanding global electric car charging stations.
Electric vehicle charging infrastructure investment
US President Joe Biden announced the US $900 million EV charging infrastructure investment at the Detroit Auto Show in September.
The $900 million fund will aid the manufacture of around 500,000 charging stations across 35 US states and 53,000 miles.
In addition, President Biden signed an Executive Order that will force automakers to make half their car sales electric by 2030.