China Electric Vehicle Charging Infrastructure Market size

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China Electric Vehicle charging infrastructure market is projected to grow steadily at a CAGR during the forecast period, 2023-2027. The Electric Vehicle charging infrastructure market was valued at USD5.21 billion in 2021.
China is one of the nations possessing the largest number of electric charging stations globally. The tremendous sales of electric cars and huge government backing in the way of subsidies and income tax refunds are the main stimulants for the China Electric Vehicle charging infrastructure market. Moreover, the continuous development of technology to promote the current charging infrastructure and the increase in the partnerships among original equipment manufacturers, automotive market participants, and charging infrastructure developers are likely to provide tremendous growth opportunities for the China Electric Vehicle charging infrastructure market during the next five years.
Increased Sales of Electric Vehicles Drives the Market Growth
Consumers have started to invest in sustainable solutions due to the rise in pollution and environmental concerns. The depleting nature of fossil fuels and high prices accelerate the adoption of alternate energy fuels running vehicles. More than 30 cities had planned to achieve complete electrification of vehicles by 2020. It included cities like Hangzhou, Shaanxi, Guangzhou, Dongguan, Zhuhai, Zhongshan in the Pearl River Delta, and others which had fueled the sales of electric buses and other public vehicles. Market players are launching electric vehicles with higher vehicle efficiency and battery capacity than the previous vehicles to capture the highest market share.
The surge in the sales of electric vehicles has boosted the need to develop electric charging infrastructure in the country. The private and public players have increased their investments in research and development activities to manufacture faster and more efficient charging technologies. Even though many consumers prefer to install Level 1 or Level 2 charging stations for their personal purpose, there is still high demand for the development of public charging stations. The growing popularity of electric vehicles and the rise in the number of market players in the country are expected to bolster the growth of the China Electric Vehicle charging infrastructure market in the forecast period.
Favorable Government Policies Supports the High Market Demand
With rapid urbanization and a rise in the sales of electric vehicles, China is experiencing growth in the electric vehicle market. China is also making efforts to reduce its dependence on oil & gas imports to make the country self-dependent, which is expected to accelerate the demand for electric vehicles in the country. Leading authorities are imposing strict restrictions and allowing a limited number of registrations for combustion engine vehicles per month to propel the sales of electric vehicles. Such as, in Beijing government, allows only 10,000 permits for the registration of electric vehicles. The government has also lifted the tax on the purchase of electric vehicles. For example, the government announced a 10% service tax waiver while buying electric vehicles in April 2020. Several electric vehicle stations are installed on a daily basis. Also, the demand for fast charging stations is on the rise. China has the biggest Electric Vehicle charging infrastructure and is continuously witnessing the massive installation of electric vehicle sales. The tremendous support from the government in the form of tax rebates and regulations, as well as the entry of international market players in the country, is expected to fuel the growth of China
Market Segmentation

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China Electric Vehicle charging infrastructure market is bifurcated on the basis of vehicle type, type, charging mode, installed location, connector type, type of charging, regional distribution, and competitive landscape. On the basis of vehicle type, the market is bifurcated into two- wheeler, passenger car, and commercial vehicle. On the basis of type, the market is bifurcated into AC and DC. On the basis of charging mode, the market is bifurcated into plug-in and wireless. Depending on installed location, the market is segmented into commercial and residential. Depending on connector type, the market is segmented into type 1, type 2, UK 3-Pin, CHAdeMO, CCS, and others. Depending on type of charging, the market is segmented into slow and fast. To analyze the market on the basis of region, China Electric Vehicle charging infrastructure market is analyzed in major regions i.e. East China, North China, North East China, South Central China, North West China, and South West China.
Market Players
the major market players operating in the China Electric Vehicle charging infrastructure market.​
Qingdao Tgood Electric Co. Ltd.
Tesla Inc.
State Grid Corporation of China
BYD Co. Ltd
Xiaoju Charging (Xpeng Motors),
Zhongchuang Sanyou
AnYo Charging
TELD New Energy Co. Ltd, Star Charge
ABB Limited
Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
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Segments covered
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· Vehicle Type
· Type
· Charging Mode
· Installed Location
· Connector Type
· Type of Charging
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Regional scope
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East China, North China, North East China, South Central China, North West China, South West China
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Key companies profiled
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Qingdao Tgood Electric Co. Ltd., Tesla Inc., State Grid Corporation of China, BYD Co. Ltd, Xiaoju Charging (Xpeng Motors), Zhongchuang Sanyou, AnYo Charging, TELD New Energy Co. Ltd, Star Charge, ABB Limited
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Customization scope
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10% free report customization with purchase. Addition or alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research needs. Explore purchase options
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Delivery Format
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