PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1421517
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1421517
According to SPER market research, 'Germany EV Charging Station Market Size- by Type of Electric Vehicle, By Application, By Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Germany EV Charging Station Market is predicted to reach USD 10.8 Billion by 2033 with a CAGR of 26%.
A device or piece of equipment used to connect electric vehicles and plug-in electric vehicles to an electrical source in order to recharge them is known as an electric vehicle charging station. Private businesses or electric utility providers build charging stations at public spaces like parking lots, shopping centres, and other areas. Furthermore, charging stations for electric vehicles offer three different charging levels: level 1, level 2, and level 3.
The Germany market for EV charging stations has faced difficulties as well as opportunities because to the COVID-19 pandemic. The development of charging infrastructure was initially impeded by supply chain delays and construction projects. Electric car use temporarily decreased as a result of restricted mobility during lockdowns. The government did, however, provide stimulus packages to the electric vehicle industry during the recovery phase, which saw a greater emphasis on sustainable transportation.