U.S. EVCI Market Is Staring At A Promising Future with Size Worth $11.35 Billion By 2025

1. U.S. EVCI Market Is Staring At A Promising Future with Size Worth $11.35 Billion By 2025 “The U.S. electric vehicle charging infrastructure (EVCI) market size is projected to be USD 11.35 billion by 2025 witnessing over 39% CAGR, as per a new report by Million Insights. Increasing government support to propel the adoption of the electric vehicle is driving the growth of the market. " The U.S. electric vehicle charging infrastructure (EVCI) market size is projected to be USD 11.35 billion by 2025 witnessing over 39% CAGR, as per a new report by Million Insights. Increasing government support to propel the adoption of the electric vehicle is driving the growth of the market. In addition, EV manufacturers are providing various schemes along with charging lower tariffs for electricity consumption by EVs, thereby encouraging the EV adoption. Some states in the U.S. are offering subsidies to boost electric vehicle adoption as they aim to curb air pollution. These states include Ohio, Georgia and New York. In addition, the Federal Internal Revenues Service (IRS) offers a tax credit on EVs purchase. This tax credit can be up to USD 7,500. Thus, incentives offered by various government bodies are driving the demand for EVs across the U.S. In the recent past, technical advancements have resulted in a decline in the prices of batteries, which in turn, has positively affected the market growth. Tesla has signed an agreement with Advanced Transportation Financing Authority and California Alternative Energy. This partnership helps Tesla with the lesser sales tax on purchasing batteries for its Model X, Model S and Model 3. Key players operating in the U.S. EVCI market are Tesla, Inc., Clipper Creek, Inc., Aero Vironment Inc., Charge Point, Inc. and others. These players are focusing on merger & acquisition and new product launches to strengthen their position in the market. Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/us-electric-vehicle-charging-infrastructure-evci-market/request-sample

2. Further key findings from the report suggest: • Technical advancements in the battery market across the U.S are driving the market. • Fast charger segment is gaining traction owing to consumers’ preferences for long-distance travel. • New York is witnessing significant growth in the market. • Major companies are focusing on building solar-powered charging stations to reduce the overall charging costs. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/us-electric-vehicle-charging-infrastructure-evci-market Million Insights has segmented the U.S. electric vehicle charging infrastructure market on the basis of charger type, connector and application: U.S. EVCI Charger Type Outlook (Volume, Units; Revenue, USD Million, 2014 - 2025) • Slow • Fast U.S. EVCI Connector Outlook (Volume, Units; Revenue, USD Million, 2014 - 2025) • CHAdeMO • Combined Charging System (CCS) • Others U.S. EVCI Application Outlook (Volume, Units; Revenue, USD Million, 2014 - 2025)

3. • Residential • Commercial See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/automotive-and-transport Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184