Electric Vehicle Supply Equipment Market

The rising concern for reducing carbon emission and implementing more advanced and fast charging stations are expected to spur the growth. Market Size – USD 25.43 Billion in 2018, Market Growth - CAGR of 33.9%, Market Trends –Implementation of electric vehicle supply equipment to control environmental hazards The  Electric Vehicle Supply Equipment (EVSE) Market  is expected to reach USD 228.38 Billion by 2028, according to a new report by Reports and Data. Electric Vehicle Supply Equipment is also known as an electric charging point or electric vehicle charging station. The chargers and the components that are built to create them are known as EVSE. They increase safety by facilitating two-way communication within the electric vehicle and the charging station. Electric buses and other large electric vehicles are growing in demand in this market, respectively. While electric buses are available commercially, larger heavy-duty vehicles are still under development. Associated charging