United States Electric Vehicle Charging Systems and Equipment Market Report and Forecast 2025-2034

United States Electric Vehicle Charging Systems and Equipment Market Outlook

The United States electric vehicle charging systems and equipment market size was approximately USD 1.55 billion in 2023. The market is assessed to grow at a CAGR of 32.10% between 2024 and 2032, reaching a value of USD 20.87 billion by 2032.

Key Takeaways

• To promote the adoption of electric vehicles across the country, the American government, in 2021, passed the Infrastructure Investment and Jobs Act, allocating USD 7.5 billion to develop EV charging infrastructure.

• In 2022, Israel based startup Electreon was selected by the Michigan government to build a public wireless in-road charging system, the first in the US. Under this, Electreon was expected to build a road (around 1-mile) featuring wireless EV charging in Michigan Central District, Detroit.

• The rising number of commercial electric vehicles on the road adds to the demand for public charging stations in the USA.

Electric vehicle sales account for 8% of the total car sales in the United States . This is primarily driven by an increase in consumer interest in electric mobility, favourable government policies, and increasing environmental consciousness. The demand for EVs is heavily influenced by the need to reduce carbon emissions and achieve net-zero emissions. In 2022, the sales of EVs increased by 65% in the US.

The United States electric vehicle charging systems and equipment market growth can be attributed to the increasing uptake of EVs and a subsequent rise in demand for charging infrastructure and equipment. In order to accommodate the growing EV demands, it is necessary for governments to improve EV charging infrastructure.

With around 14,040 public charging stations and more than 37,000 ports, California accounts for a significant share in the US market. The California Energy Commission is expected to invest USD 30 million to incentivise the establishment of charging stations across eastern California, the Central Coast, and the Central Valley. Texas, Florida, and Massachusetts are among the emerging markets for EV charging systems and equipment.

As per the United States electric vehicle charging systems and equipment market analysis, most Americans use chargers at home or at the workplace to power their electric vehicles. Workplace charging is free for most, and by programming their charging points effectively, they can minimise electricity consumption and lower costs.

Market Segmentation

United States Electric Vehicle Charging Systems and Equipment Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Equipment Type

• Pillar/Charging Station/Dock

• Inverter

• Charger

• Others

Market Breakup by Vehicle Type

• Passenger Cars

• Commercial Vehicle

Market Breakup by Application Type

• Public

• Private

Market Breakup by Region

• New England

• Mideast

• Great Lakes

• Plains

• Southeast

• Southwest

• Rocky Mountain

• Far West

Competitive Landscape

The market players are increasingly focusing on collaborating with public and private organisations to create a robust charging infrastructure across the country.

• ABB Ltd.

• Siemens AG

• Schneider Electric SE

• Tesla Inc.

• ChargePoint Holdings Inc.

• EVBox B.V.

• Blink Charging Co.

• Webasto Group

• EvoCharge Inc.

• Leviton Manufacturing Company, Inc.

• Others

Key Highlights of the Report