Current Affairs: The Trends Shaping EV Charging Technology, Reports IDTechEx [Yahoo! Finance]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
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Source: Yahoo! Finance
EV charging market, IDTechEx estimates that 222 million chargers will be needed by 2034 to support the growing global EV fleet. IDTechEx also predicts that the cumulative global investment in global charging infrastructure will exceed $123 billion by 2034 (hardware cost alone). IDTechEx research aims to keep up with the changes and developments in EV charging by monitoring and analyzing the EV charging industry, its developments and regulations, and the latest technological trends and innovations. There is undoubtedly a huge push to build global DC fast-charging networks. The US government is providing more than $5 billion in funding and incentives as part of the NEVI program to build a coast-to-coast fast charging network, and many countries in Europe are rolling out similar programs following the AFIR regulations to spur EV charging infrastructure growth. 2024 will be a big year for EV charging, but, as discussed in this article, there's more to the story. IDTechEx's report " Char
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