According to Technavio, the Electric Vehicle Charging Station Market is anticipated to grow by USD 38.06 billion at a CAGR of 29.13% from 2023 to 2028. Growth is being driven by increasing mergers and partnerships aimed at improving infrastructure and market reach. Government incentives are also playing a key role in boosting the adoption of electric vehicles, which drives the demand for more charging stations. Additionally, the reduction in lithium-ion battery costs is making EV ownership more feasible, propelling the need for enhanced charging infrastructure. The report also provides an in-depth analysis of trends, growth challenges, and historical market data from 2018 to 2022.

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