This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.rt.com/business/532407-electric-vehicle-charging-stations-boom/
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Electric vehicle charging station market to reach $100 billion in less than decade – report | Electric vehicle charging station market to reach $100 billion in less than decade – report |
| (4 days later) | |
| Revenues generated by the global market of Electric Vehicle Charging Stations (EVCS) are expected to grow to $93 billion by 2027, at a compound annual growth rate of nearly 20%, the latest report by Astute Analytica shows. | Revenues generated by the global market of Electric Vehicle Charging Stations (EVCS) are expected to grow to $93 billion by 2027, at a compound annual growth rate of nearly 20%, the latest report by Astute Analytica shows. |
| In 2019, the sector managed to raise a modest revenue of around $23,000, the agency based in the Indian city of Noida said. | In 2019, the sector managed to raise a modest revenue of around $23,000, the agency based in the Indian city of Noida said. |
| According to the study, 819,000 EVCS units were sold in pre-pandemic 2019, with the number of sales moving up at a compound annual growth rate of 17.5%. | According to the study, 819,000 EVCS units were sold in pre-pandemic 2019, with the number of sales moving up at a compound annual growth rate of 17.5%. |
| Experts from Astute Analytica said the overall growth of the market is slowed by the high cost of construction of EVCS infrastructure, which may prevent the sector from developing. | Experts from Astute Analytica said the overall growth of the market is slowed by the high cost of construction of EVCS infrastructure, which may prevent the sector from developing. |
| A well-developed EVCS infrastructure offers opportunities for charging various electric vehicles, including 2-wheelers, 3-wheelers, passenger vehicles, and commercial cars, as well as the use of fast and wireless chargers. | A well-developed EVCS infrastructure offers opportunities for charging various electric vehicles, including 2-wheelers, 3-wheelers, passenger vehicles, and commercial cars, as well as the use of fast and wireless chargers. |
| The fluctuating costs of electricity required for EVCSs pose a challenge for construction, financing, maintenance, and operation of the necessary infrastructure. | The fluctuating costs of electricity required for EVCSs pose a challenge for construction, financing, maintenance, and operation of the necessary infrastructure. |
| According to the analysis, the cost of charging infrastructure components for level 2 commercial chargers ranges from $2,500 to $7,210, while 50kW fast DC charging infrastructure costs up to $35,800. | According to the analysis, the cost of charging infrastructure components for level 2 commercial chargers ranges from $2,500 to $7,210, while 50kW fast DC charging infrastructure costs up to $35,800. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
| Dear readers and commenters, | |
| We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system. | |
| Sorry for the inconvenience, and looking forward to your future comments, | |
| RT Team. |