LAMEA Electric Vehicle Charging Infrastructure Market By Charger Type (Slow Charger and Fast Charger) By Connector Type (CHAdeMO, Combined Charging System (CCS) and Others)
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The Latin America, Middle East and Africa Electric Vehicle Charging Infrastructure Market would witness market growth of 40.1% CAGR during the forecast period (2019-2025).
An electric vehicle network is an infrastructure system that provides publicly accessible charging stations to recharge electric vehicles. The market for EV Charging is still in the very early phases of growth and is heavily dependent on public funding schemes. Governments, vehicle manufacturers and charging infrastructure suppliers are now entering into many contracts to establish such networks.
The market is witnessing a steady growth pace in this region due to extensive participation of developed and developing economies. In Brazil, EVs are exempt from the import duty tax, but not the 25% VAT (yellow bar). Exempting, or significantly reducing, EVs from these taxes lowers the upfront cost differential between electric and similar internal combustion models, encouraging their adoption. There is a growing interest for more energy-efficient vehicles including electric vehicles (EVs), PHEVs and hybrid vehicles as manufacturers are increasingly looking at more electrification of vehicles. Players across the region are competing to enhance their ability to deliver new and advanced products in the market.
Based on Charger Type, the market is segmented into Slow Charger and Fast Charger. Based on Connector Type, the market is segmented into CHAdeMO, Combined Charging System (CCS) and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tesla, Inc., General Motors Co., Robert Bosch GmbH, Schneider Electric SE, Siemens AG, ChargePoint, Inc., Eaton Corporation PLC, Delta Electronics, Inc., Aptiv PLC and AeroVironment, Inc.
Scope of the Electric Vehicle Charging Infrastructure Market Analysis
By Charger Type
- Slow Charger
- Fast Charger
By Connector Type
- Combined Charging System (CCS)
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Tesla, Inc.
- General Motors Co.
- Robert Bosch GmbH
- Schneider Electric SE
- Siemens AG
- ChargePoint, Inc.
- Eaton Corporation PLC
- Delta Electronics, Inc.
- Aptiv PLC
- AeroVironment, Inc.
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