Mordor Intelligence has published a new report on the China Electric Vehicle Charging Infrastructure Market, offering a comprehensive analysis of trends, growth drivers, and future projections.
The China Electric Vehicle Charging Infrastructure Market is expected to register a CAGR of 38.85% during the forecast period (2025-2030). China’s electric vehicle (EV) charging infrastructure market is experiencing significant growth, propelled by substantial government support and a surge in electric vehicle adoption.
Key Trends
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Government Initiatives Accelerating Infrastructure Development
The Chinese government has implemented robust policies to promote the development of EV charging infrastructure. In September 2023, the China Electric Vehicle Charging Infrastructure Promotion Alliance (EVCIPA) announced the addition of approximately 61,000 public charging piles in August 2023, marking a 39.9% increase compared to the same period in 2022. Over the preceding year, an average of 54,000 new piles were built monthly, underscoring the rapid expansion of the country’s charging network.
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Public Charging Stations Gaining Prominence
Public charging stations are becoming increasingly vital as EV adoption rises. As of 2022, China had approximately 1.8 million public charging piles, reflecting a compound annual growth rate (CAGR) of 46.7% between 2018 and 2022. This expansion is crucial in alleviating range anxiety among EV users and supporting the growing number of electric vehicles on the road.
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Collaborations and Investments Fueling Market Growth
Collaborations between automotive manufacturers, charging infrastructure developers, and other stakeholders are driving the market forward. For instance, in August 2023, Hyundai Motor Group partnered with NaaS Technology to develop customized EV charging services in China. Additionally, in April 2023, Tesla announced that selected Supercharger stations in Beijing and Shanghai would be available to non-Tesla vehicles, indicating a move towards a more inclusive charging network.
Market Segmentation
The China EV charging infrastructure market is segmented by charging station type, vehicle type, and user application.
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By Charging Station Type:
- Alternating Current (AC) Charging Station: Suitable for residential and workplace settings, offering moderate charging speeds.
- Direct Current (DC) Charging Station: Provides rapid charging, ideal for public charging stations and highway corridors.
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By Vehicle Type:
- Passenger Vehicles: Includes private cars, which constitute a significant portion of the EV market.
- Commercial Vehicles: Encompasses buses, trucks, and other commercial transport vehicles increasingly adopting electric powertrains.
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By User Application:
- Private Infrastructure: Charging setups installed in private residences or corporate facilities.
- Public Infrastructure: Charging stations accessible to the general public, often located in urban areas and along highways.
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Key Players
The Chinese EV charging infrastructure market is competitive, with several key players leading the expansion:
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TELD New Energy: A prominent provider of charging solutions, operating an extensive network of charging stations across China.
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Star Charge: Known for its innovative charging technologies and widespread station deployment.
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YKC: Offers comprehensive charging services, contributing significantly to the nation’s charging infrastructure.
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State Grid Corporation of China: A state-owned enterprise playing a crucial role in developing and managing EV charging networks.
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TGood: Focuses on providing integrated charging solutions and has established a substantial presence in the market.
These companies are actively investing in expanding their charging networks and enhancing service offerings to meet the escalating demand for EV charging infrastructure.
Conclusion
China’s electric vehicle charging infrastructure market is on a robust growth trajectory, driven by government initiatives, increasing EV adoption, and strategic collaborations among key industry players. As the nation continues to invest in and develop its charging network, it is well-positioned to support the burgeoning electric vehicle market, contributing to environmental sustainability and the advancement of green transportation solutions.
Industry Related Reports
Asia-Pacific Electric Vehicle Charging Station Market: The Asia-Pacific Electric Vehicle Charging Station Market is categorized based on vehicle type, charger type, application type, and geography. By vehicle type, the market is segmented into Passenger Cars and Commercial Vehicles. In terms of charger type, the market includes AC Charging Stations and DC Charging Stations. Based on application type, the market is divided into Public and Private charging stations. Geographically, the market is analyzed across China, India, Japan, South Korea, and the Rest of Asia-Pacific.
Asia-Pacific Electric Vehicle Charging Equipment Market: The report provides an analysis of the Asia-Pacific Electric Vehicle Charging Equipment Market Size & Share and is segmented by vehicle type, application, charging type, and geography. By vehicle type, the market includes Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), and Hybrid Electric Vehicle (HEV). In terms of application, the market is divided into Home Charging, Workplace Charging, and Public Charging. Based on charging type, the segmentation includes AC Charging (Level 1 and Level 2) and DC Charging. Geographically, the market is analyzed across China, India, Australia, Malaysia, Thailand, Indonesia, Vietnam, South Korea, and the Rest of Asia-Pacific.
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