United States Electric Vehicle Charging Systems And Equipment Market Share

Market Share of United States Electric Vehicle Charging Systems And Equipment Industry

The United States electric vehicle charging systems and equipment market is fragmented and highly competitive due to various domestic and international players operating in the ecosystem. Some major players include ChargePoint Inc., Blink Charging Co., EVBox Group, ABB Group, Tesla Inc., Webasto SE, Siemens AG, and EvoCharge Inc. These players are constantly focusing on expanding their product portfolio owing to technological advancements, and various other charging equipment manufacturers are improving their presence in the market by launching new products and entering into investment agreements and partnerships. For instance,

• In December 2023, the Volkswagen Group announced its plan to adopt Tesla's North American Charging Standard (NACS) to incorporate the charging boards by NACS in their upcoming vehicle brands, including Audi, Porsche, and Scoun Motors across the United States from 2025. The collaboration aims to facilitate Volkswagen's customers to access over 15,000 Tesla's rapid charging stations nationwide, specifically, the Supercharger network.

• In February 2024, Chargepoint, a leading charging solutions provider based out of the United States, announced its collaboration with EnTech Solutions and Wells Fargo to offer financing solutions to business customers willing to participate in building charging stations for EV fleets. Further, the company stated that the funding will provide affordable financing solutions to customers, which bundles the EnTech Solutions eSkid with ChargePoint chargers, installation, warranty, and software.

The market is anticipated to witness the rapid enhancement in fast-charger technology to provide suitable EV charging options to consumers across the United States. Moreover, a greater number of collaborations and partnerships between automakers and charging solution providers are also expected, which will help boost the penetration of electric vehicles in the United States.

US EV Charging Systems And Equipment Market Leaders

1. ChargePoint, Inc.

2. Blink Charging Co.

3. EVBox Group

4. ABB Group

5. Tesla Inc.

*Disclaimer: Major Players sorted in no particular order