Charging infrastructure incentives gain momentum in key EV markets

As of 2022, nearly 95% of all installed chargers globally were AC chargers. This expected share of AC chargers will not change drastically in the years to come.

Many industry studies, including the S&P Global Mobility consumer survey conducted in 2022, have found that “limited access to electric vehicle charging infrastructure” was one of the primary challenges toward electrification. Low numbers of EVs on the road meant low return on investment (ROI) for charging station operators, which led to inadequate deployment of charging infrastructure. This in turn dissuaded potential customers from buying EVs.