The Electric Vehicle Fast-Charging System market estimated at USD 1.94 Billion in the year 2022, is projected to reach a revised size of USD 8.95 Billion by 2030, growing at a CAGR of 21.08% over the analysis period 2023-2030.
Fast charging systems for electric vehicles are becoming increasingly important to facilitate the transition to zero-emission mobility. The dominant fast charging power for passenger vehicles was 50 kW, while the most recent systems enable charging at speeds of at least 175 kW or even 350 kW.