The world is suffering from the severe effects of climate change. In July, Europe saw a record heatwave, and Pakistan is currently dealing with flooding from record rainfall. Given that the glacial melt has caused a flood of water to travel from North to South, the situation is predicted to get worse. According to recent studies, combating climate change may not even be possible under the Paris Agreement. Companies using fossil fuels are not decarbonizing quickly enough to comply with certain of the agreement’s objectives. One of the main greenhouse gases, carbon dioxide, is one of the emissions that transportation contributes to. The electric vehicle industry has been revolutionized by Tesla, Inc. More than 20 million electric vehicles were in use worldwide in 2020, a 43% increase from 2019. Due to the epidemic, Europe’s auto market shrank by 22% in 2020, but electric vehicle registrations increased by 100%.
While most nations are attempting to transition to electric vehicles, it is more difficult to persuade the general public. The market for electric car charging stations was valued at $12.41 billion in 2021 and is projected to grow to $142.36 billion by 2030, a 31% CAGR. According to Strategic Market Research, 22% of the public infrastructure in 2022 will be made up of EV charging stations. Due to the conflict in Ukraine and its effects on oil prices and production, gasoline prices have reached record highs in numerous nations around the world. For the past few years, the electric car market has been dominated by the Asia-Pacific region. The two economies in the region with the strongest growth rates, China and India, are largely to blame for this. The US market is second, followed by Europe, where governments are heavily focusing on the expansion of the sector.
Insider Monkey takes a look at the 9 biggest EV charging and infrastructure companies. Fast level 2 EV charging stations and networks are offered by Blink Charging Co. The company is working to construct and run EV charging infrastructure not just in the US but also with the goal of operating internationally. German-based Webasto is an automobile supplier. The business made headlines after one of the first human-to-human infections of the COVID-19 virus occurred near it in China. The Efficient Energy System from AeroVironment was purchased by Webasto for $35 million in 2018. Alfen, one of the largest EV infrastructure and charging firms in the world, was founded in 1937. Unparalleled inter-charging station collaboration is made possible by the Smart Charging Network. Through the huge HD screens found in the charging stations, you can even watch what you’re doing while charging. America’s largest public network for fast charging for electric vehicles, according to EVgo, Inc. At least 30 states in the US have more than 850 fast charging stations. The chargers at EVgo are entirely run on renewable energy. For more details, click 9 Biggest EV Charging And Infrastructure Companies In The World.