The global electric vehicle charging infrastructure market is set for strong expansion as EV adoption accelerates worldwide, driven by tighter government emissions regulations and supportive public policies. According to GlobalData, the total number of EV charging units is forecast to grow from 5.8 million in 2025 to 11.0 million by 2030, registering a compound annual growth rate of 13.6 percent.
Rapid growth in EV uptake across major markets such as the United States and China is increasing the need for a robust and reliable charging network. Governments and private players are investing heavily to expand public charging stations and enhance high-speed charging capabilities to meet rising electricity demand from a growing EV fleet.
GlobalData’s report, Electric Vehicles in Power: Strategic Intelligence, highlights that infrastructure build-out is becoming a central priority for the industry. Investment activity reflects this trend. In May 2024, Charge Zone raised $19 million from British International Investment to scale its EV charging network. Earlier, in July 2023, GLIDA announced plans to invest about $1.2 million to expand its charging station footprint.
Rehaan Shiledar, Senior Power Analyst at GlobalData, noted that the outlook for battery electric vehicles remains strong, supported by increasing consumer adoption, rapid technology advancements, and favorable government policies. While China continues to lead the global EV market, demand is spreading across emerging economies as well as mature markets such as the European Union and the UK, further driving the need for widespread charging infrastructure expansion.
China Leads Global BEV Production
China continues to dominate the global battery electric vehicle market, accounting for more than half of worldwide BEV sales and production, supported by strong government incentives, large-scale infrastructure investment, and a highly competitive domestic manufacturing base. China delivered around 7.5 million BEVs in 2024 and is projected to produce about 13.5 million units by 2032.
Globally, BEV production reached 11.4 million units in 2024 and is forecast to surge to nearly 37 million units by 2032, highlighting the rapid acceleration of electric mobility. Europe is expected to produce approximately 11.8 million BEVs by 2032, while North America and the rest of the world are estimated to reach about 5.9 million and 5.8 million units, respectively.
Alongside production growth, vehicle-to-grid technology is emerging as a critical enabler of future power systems. According to Rehaan Shiledar, Senior Power Analyst at GlobalData, V2G adoption is being driven by the rising EV fleet, increasing renewable energy penetration, and supportive government policies. V2G allows electric vehicles to feed stored energy back into the power grid, supplying electricity to homes, commercial buildings, and other connected loads, while helping stabilize the grid.
The parallel expansion of EV adoption and smart-grid infrastructure is accelerating V2G deployment, with demand expected to grow further as EV fleets and grid digitalization scale up. Companies such as Vattenfall, E.ON, and Nuvve are actively developing vehicle-to-grid solutions, positioning EVs as mobile energy storage assets within integrated energy systems.
Looking ahead, steady EV market growth will increase electricity demand as more vehicles connect to the grid for charging. Utilities will need to reinforce grid infrastructure by upgrading transformers, substations, and distribution networks. Smarter grid solutions, including smart charging and vehicle-to-grid technologies, will play a key role in managing peak demand, supporting grid stability, and enabling higher integration of renewable energy sources.
BABURAJAN KIZHAKEDATH