Wireless electric vehicle charging - global market size 2020 & 2027

The global wireless electric vehicle (EV) charging market is expected to reach 234 million U.S. dollars by 2027. Evatran and Witricity are among the market leaders in this field.

Recharging the future

Charging electric vehicles with electric vehicle chargers has been a drawback to the practicality of owning an electric car as it takes a long time, even for rapid plug-in charging stations. Wireless recharging is not faster, but it may be more accessible. Inductive chargers use electromagnetic oscillations to efficiently produce electric current that recharges a battery, without the need to plug in any wires. Wireless charging parking bays could immediately begin charging a vehicle as soon as it is positioned above a wireless charging pad. Norway has the highest level of electric vehicle penetration in the world. The capital, Oslo, is planning to introduce wireless charging taxi ranks and be fully electric by 2023. Tesla's Model S is racing ahead in in terms of range of electric vehicle.

Size of the global wireless EV charging market between 2020 and 2027

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Source

Release date

January 2020

Region

Worldwide

Survey time period

as of 2019

Supplementary notes

All values are projections.

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Statistics on "Electric vehicles worldwide"

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