EV charging revenue likely to exceed $300 billion globally by 2027

The global electric vehicle (EV) charging revenue is likely to exceed $300 billion by 2027, up from $66 billion in 2023, a report showed on Tuesday.

According to Juniper Research, the total number of plug-in vehicles will surpass 137 million globally by 2027, up from 49 million in 2023.

As the adoption grows, “charging vendors must differentiate their services in a highly fragmented market,” the report said.