DUBLIN--(BUSINESS WIRE)--The "US Electric Vehicle Charging Equipment Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
In the United States, about 70% of the oil consumed is used for transportation. The transportation sector is responsible for 28% of the total greenhouse gas emissions (GHG) in the country, and therefore, substituting EVs for gasoline-fueled cars presents an opportunity for a significant reduction in GHG emissions. Electric vehicles improve quality of life, reduce energy-spending, and decrease reliance on foreign oil, thereby, creating additional economic development opportunities for the future. Due to their potential environmental benefits, innovation spillovers, and an increase in the national energy security, electric vehicles attract huge investments from the government.
The US Energy Information Administration (EIA) plans to reach the annual EV and plug-in EV sales of 1.3 million by 2025 and aims to achieve 7.5 million EVs on road by then. EV charging infrastructure is expected to be increasingly vital to the country, during the forecast period, on account of the widespread adoption of electric vehicles, which presents an opportunity for the companies that are building out these charging capabilities. In California, San Diego Gas & Electric plans to build 3,500 utility-owned chargers for about USD 45 million, while Southern California Edison announced its plans to build 1,500 host-owned chargers for USD 22 million. Pacific Gas & Electric is expected to create an infrastructure for 7,500 chargers in a utility-private investor partnership.
Companies Mentioned
- Tesla Motors Inc.
- Plug Power Inc.
- ChargePoint Inc.
- Bosch Automotive Service Solutions Inc.
- ClipperCreek Inc.
- AeroVironment Inc.
- Delta Electronics Inc.
- EnerNOC Inc.
- Innogy SE
Key Topics Covered
1. Executive Summary
2. Research Methodology
3. Market Overview
4. Market Dynamics
5. Value Chain Analysis
6. PESTLE Analysis
7. Market Segmentation and Analysis
8. Key Company Analysis
9. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/dqrp3w/us_electric?w=4
