Italy Electric Vehicle Charging Stations Market - Forecasts from 2024 to 2029

Italy's electric vehicle charging stations market is estimated at US$137.170 million in 2024 and is anticipated to attain US$247.444 million by 2029, expanding at a CAGR of 12.52%.

An EV (electric vehicles) charging station is a hub or center that offers charging solutions to these vehicles. This links an EV to a power source, allowing electric vehicles, like passenger cars, two/three wheel EVs, fleets, and electric transport vehicles, to charge their batteries. The EV charging station market is expected to grow significantly in Italy, mainly with the increasing ownership of electric vehicles and the introduction of new policies and investment plants to boost the nation's EV infrastructure.

The increasing sale of electric vehicles in the Italian market is estimated to propel the nation's electric vehicle charging station market forward. This is possible because, with the increase in the popularity and presence of electric vehicles across the nation, the demand for an optimum and easily accessible charging infrastructure will grow. Similarly, the Italian EV charging station market is also estimated to grow with the introduction of new and more favorable policies and projects by the country's government for the development of the electric vehicle ecosystem in the nation.

Italy Electric Vehicle Charging Stations Market Drivers:

• Increasing Sales of Electric Vehicles in Italy

One of the major factors driving the Italian electric vehicle charging station market is the increase in sales of electric vehicles in the nation. The EV industry has witnessed significant growth in the nation, observing a growth of about 115.8% in its new registration in June 2024, compared to June 2023, as stated by the European Alternative Fuels Observatory of the European Commission. The organization stated that in June 2024, 13,285 new EVs were registered in the nation, which can majorly be credited to introducing the nation's new EcoBonus incentive.

The agency's report further stated that in the first half of 2024, the total registration of new electric vehicles in Italy was 34,709 units, which marked an increase of about 6.2% from the same period of 2023. The total number of EVs was recorded at 251,023 in Italy as of June 30, 2024.

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Report Coverage:

• Historical data & forecasts from 2022 to 2029
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
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• Revenue Growth and Forecast Assessment of segments and regions including countries
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The Italian Electric Vehicle Charging Stations Market is segmented and analyzed as follows:

By Vehicle type

• Battery Electric Vehicle (BEVs)
• Plug-in Hybrid Electric Vehicle (PHEV)

By Application

• Commercial
• Residential

By Charging type

• AC Charging (Level 1 and Level 2)
• DC Charging