Revenue from Electric Vehicle Charging Services is Expected to Reach $2.9 Billion Annually by 2023
Residential chargers are increasingly a commodity, competing more on price than on innovative features, according to the report, making the market for commercial chargers (defined as installations outside vehicle owners’ residences) the most dynamic and the most uncertain. Public chargers continue to spread, and workplace charging is picking up. Some charging networks have usage fees, some charge via subscription, and some companies offer EV charging as a free service to entice customers or as an employee perk. Automakers and utilities are moving to the forefront in the financing and build-out of EV charging networks, the report concludes.