The decarbonization goals of various governments and subsidies for electric vehicles (EVs) are driving the global adoption of EVs.

It is expected that by 2035, electric vehicles will account for 27% of all registered vehicles, which requires a significant increase in public charging infrastructure to support them. The latest research by ABI Research has found that by 2035, the revenue from public charging of electric vehicles will increase to over $164 billion.

Electric Vehicles (EVs) The adoption rate is still increasing, especially in China and the European Union, where market share has reached 38% and 21% respectively. As this trend continues to exist, developing a strong public charging infrastructure to meet the growing number of electric vehicles has become increasingly important. Early users of electric vehicles were relatively wealthy and more likely to have houses with lanes or garages to charge their cars. With the transition to the widespread popularity of electric vehicles, public charging will bear a larger share of the charging market According to Dylan Khoo, an analyst in the electric vehicle industry at ABI Research.

On a global scale, AC chargers providing up to 7kW of power will account for approximately two-thirds of public charging points. However, most of the energy supply will come from DC fast charging stations (DCFCs) providing 50-400kW of electricity. ABI Research predicts that by 2035, DCFC will account for over 70% of the total revenue of the public charging industry. Many well-known large enterprises in the charging field are focused on launching DCFC, such as Electrify America, IONITY, EVgo, and Tesla.

Retail of automotive fuel is a big business. Nowadays, it mainly takes the form of gas stations operated by large oil companies or supermarkets. Electric vehicle charging stations are smaller, cheaper, easier to install and operate than gas stations, allowing new businesses to take advantage of this opportunity to provide charging services. At the same time, charging electric vehicles is usually cheaper than refueling internal combustion engines, so these traditional fuel retailers will need to pay more attention to establishing their own His sources of income include advertising and non fuel retail Khoo concluded.