Technology Applications
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Annual EV Charging Capex
Key Trends VC/PE investment into EV charging hardware & software startups exceeded $3.25B in 2022. Cumulative VC/PE into EV charging startups now exceeds $8.25B. Global capital expenditure on EV charging infrastructure exceeded $10B in 2021. Through year-end 2021, cumulative investment in the sector exceeded $50B. By 2030, global annual capex on (public and private) EV charging infrastructure will need to reach $140–190 billion to support the forecast adoption of EVs, according to the International Energy Agency.
Note (*) Data through October. 2022
Industry: Technology Applications Source: BloombergNEF, International Energy Agency, The Westly Group.
Volta Foundation
Extracted from the PDF; charts and images may read imperfectly.
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