EV Charging Infrastructure Development: Global Market Evolution, Major Stakeholders and Key Trends

The confluence of factors including falling battery storage prices, the expansion of ride-sharing, the proliferation of low-cost sensors, and the embrace of artificial intelligence are driving the growth in the electric vehicle (EV) market and leading experts to consider several paradigm shifts in the transport of people and goods. Switching from gasoline to electricity will significantly impact commodity markets, as well as electricity markets. Electricity will redefine how we use our vehicles, as energy networks transport “fuel” instantaneously to any point on the existing network, improve safety, and reduce the environmental impacts of transportation.