“Increasing Adoption of Electric Vehicles”
- One prominent trend in the global charging as a service market is the increasing adoption of electric vehicles
- This trend is driven by the stricter emission regulations, advancements in EV technology, rising fuel costs, and growing consumer awareness of environmental sustainability
- For instance, major automakers such as Tesla, BYD, and Ford are expanding their EV offerings, while governments worldwide are setting ambitious targets for zero-emission vehicle adoption and infrastructure deployment
- The surge in EV ownership is generating strong demand for accessible, scalable charging solutions, particularly in urban areas, commercial centers, and fleet operations
- As EV adoption continues to accelerate globally, it is expected to significantly drive the expansion of hosted and subscription-based CaaS models, shaping the future of EV charging infrastructure
