China EV Charging Infrastructure Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Market Report Covers Top EV Charger Manufacturers in China and is segmented by charging station type (AC charging station and DC charging station), vehicle type (passenger vehicles and commercial vehicles), and user application (private infrastructure and public infrastructure). The market size and forecasts are provided in terms of value (USD) for all the segments.

China Electric Vehicle (EV) Charging Infrastructure Market Size

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China Electric Vehicle Charging Infrastructure Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 38.85 %
Market Concentration High

Major Players

China Electric Vehicle Charging Infrastructure Market Major Players

*Disclaimer: Major Players sorted in no particular order

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China Electric Vehicle (EV) Charging Infrastructure Market Analysis

The China Electric Vehicle Charging Infrastructure Market is valued at USD 4.28 billion in the current year and is anticipated to reach a value of USD 22.09 billion within the next five years, registering a CAGR growth of 38.85% over the forecast period.

Growing adoption and sales of electric vehicles, as well as the enactment of laws, subsidies, and policies promoting the adoption of EVs, such as exemption from registration plate lotteries and access to restricted traffic areas, are some of the major factors driving the market's growth. Further, the government's increasing focus on developing an optimal electric vehicle charging infrastructure across the country to support the rising demand for EVs is aiding the growth of the electric vehicle charging infrastructure market in China. For instance,

  • In September 2023, the China Electric Vehicle Charging Infrastructure Promotion Alliance, abbreviated as EVCIPA, announced that approximately 61,000 public charging piles were added in the country in August 2023. It is an increase of 39.9% compared to the same period in 2022. Further, it was indicated that from September 2022 to August 2023, around 54,000 new piles were built on average each month in China, showcasing the rapid boost in developing the charging infrastructure in the country.

The collaboration between various OEMs, automotive manufacturers, and charging infrastructure developers is driving the market's growth. The EV charging infrastructure market in China drew investments from various capital holders, such as vehicle manufacturers, telecom operators, real estate companies, etc.

The increasing installation of private and public charging stations in China is propelling the growth of the market. It is estimated that as of the end of 2022, the total number of charging infrastructure in China reached 5.21 million units, reflecting a significant year-on-year increase of nearly 100%. It includes approximately 650,000 units of public charging infrastructure, resulting in a cumulative total of 1.8 million units, as well as around 1.9 million units of private charging infrastructure, reaching a cumulative total of over 3.4 million units. The government is also taking initiatives to improve the charging infrastructure in the country. For instance,

  • In September 2022, four Chinese ministries, including the Ministry of Transport (MOT), issued a plan to speed up the construction of highway charging infrastructure. The following two-phased objectives were established to meet the growing demand for electric vehicle (EV) charging and provide mobility convenience.

Thus, due to such factors, the market studied is expected to grow considerably during the forecast period.

China Electric Vehicle (EV) Charging Infrastructure Market Trends

Public Charging Stations are Expected to Gain Prominent Share in the Market During the Forecast Period

The Chinese electric vehicle charging infrastructure market is well supported by its battery electric vehicle market. It is backed by generous support from the government. China extended the incentives relating to the purchase of new energy vehicles (NEVs) till 2022.

The availability of public EV charging stations is critical in the purchase of electric vehicles worldwide. When purchasing an electric vehicle, public charging access to fast charging is regarded as a critical criterion. It is expected to boost revenue growth in the public charging segment. Due to the growing number of EV users, the Chinese government continues to install public charging stations at a rapid pace.

China implemented policies that encourage the use of electric vehicles by providing subsidies and lowering taxes. It also promotes the growth of EV manufacturers and related industries by providing grants or enacting preferential policies for EV-related businesses, allowing them to expand more quickly. A steady increase in economic growth, urbanization, and travel demand, combined with increased investments in electric mobility to contribute to energy storage and environmental sustainability, is expected to fuel the growth of the public charging station segment.

Buses, taxis, and electric light vehicles are the three major vehicle segments in China that make use of public charging stations. Apart from buses, which require specialized captive infrastructure, the majority of other vehicles require public fast charging. The rapid growth of electric vehicles and the country's pro-EV policies are expected to boost the market's growth in the future. For instance,

  • According to the China Electric Vehicle Charging Infrastructure Promotion Alliance (EVCIPA), the total number of public electric vehicle charging piles in China touched 1,797 thousand as of 2022, expanding at a CAGR of 46.7% between 2018 and 2022.
China Electric Vehicle Charging Infrastructure Market : Total Number of Public Electric Vehicle Charging Piles in China, in Thousands, 2018-2022

Passenger Vehicles Across China to Gain Significance During the Forecast Period

China created the most public electric vehicle charging stations in the world as new energy vehicles gain traction in the world's largest car market.

China set a target of having 40% of vehicles sold in the country be EVs by 2030, indicating that many more passenger vehicles will need to be charged. The government hopes to include enough charging infrastructure in place by 2025 to meet the needs of more than 20 million cars. Currently, more than 70% of China's 810,000 public charging points are in densely populated coastal areas such as Guangdong and Shanghai. The National Development and Reform Commission and several other agencies issued guidelines calling for charging stations to be installed in all counties and villages as part of the government's "rural revitalization" effort.

China not only produces the majority of the world's EV batteries, but it is also forging ahead with EV development and manufacturing and selling them to the rest of the world. Domestically, the efforts to boost the EV industry are already paying off. It was estimated that between January 2023 and June 2023, more than 3.2 million new plug-in electric cars were registered in China. It is an increase of 38% compared to the same period in 2022.

Even as subsidies for EV purchases are phased out in recent years, sales skyrocketed. According to the International Energy Agency (IEA), 6 million battery electric cars were sold in China in 2022, accounting for nearly 22% of all new car sales for the year. After taking the growth into account, the Chinese government is also taking initiatives to build charging infrastructure in the country.

  • In July 2022, the Chongqing Economic and Information Commission published a notice titled "Work Plan to Accelerate the Construction of EV Charging and Swapping Infrastructure in Chongqing." According to this notice, more than 240,000 EV chargers, including 30,000 public fast EV chargers, will be built by the end of 2025.
China Electric Vehicle Charging Infrastructure Market : Electric Car Sales in China, in Million Units, 2018-2022

China Electric Vehicle (EV) Charging Infrastructure Industry Overview

The electric vehicle charging infrastructure market in China is fairly consolidated and highly competitive, with players such as TELD New Energy, Star Charge, YKC, State Grid Corporation of China, and TGood dominating the market. Other players in the market, including BYD, Tesla, Evking, and Southern Power Grid, among others, capture a smaller market share.

  • In August 2023, Hyundai Motor Group announced its partnership with Chinese electric vehicle (EV) charging service information provider NaaS Technology for future EV charging business opportunities in China. Hyundai signed an initial pact with Naas at the Chinese firm's headquarters in Beijing to jointly develop customized EV charging services based on its connected services platform and NaaS charging infrastructure data.
  • In April 2023, Tesla announced that the company would allow non-Tesla vehicles to be charged at Selected Superchargers installed by the company in China. Further, the company stated that 10 Supercharging stations across Beijing and Shanghai, as well as 120 destination charge points in 25 provinces and cities, will be available to non-Tesla electric vehicles beginning in April.

The electric vehicle charging infrastructure market in China will witness the integration of various incumbents and start-ups in the ecosystem. It is to capture the lucrative opportunity that this space provides during the forecast period.

China Electric Vehicle (EV) Charging Infrastructure Market Leaders

  1. TELD

  2. Starcharge

  3. YKC

  4. State Grid Corporation of China

  5. TGood

*Disclaimer: Major Players sorted in no particular order

China Electric Vehicle Charging Infrastructure Market Concentration
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China Electric Vehicle (EV) Charging Infrastructure Market News

  • September 2023: PetroChina, a leading oil and gas company based out of China, announced its acquisition of an electric vehicle (EV) charging firm, Potevio New Energy Co Ltd. It is to establish its brand presence in the electric vehicle charging market across China. It was estimated that by the end of 2021, Potevio operated 50,000 charging points in more than 50 Chinese cities.
  • June 2023: The Chinese government reaffirmed its position to expand charging facilities along the country's expressways for new energy vehicles (NEVs) and indicated that the authorities were successful in installing 18,590 charging stations across highways in the country. Further, authorities stated that 27,000 parking spots were identified that will be reserved solely for installing electric vehicle charging stations across the country.
  • November 2022: Audi announced that the Audi premium charging stations would be available to customers in China as part of the "Vorsprung 2030 China Strategy." By the end of 2022, 20 stations were installed in major cities such as Beijing, Shanghai, Guangzhou, and Shenzhen. More cities and locations will be added in the future.

China Electric Vehicle (EV) Charging Infrastructure Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

      1. 4.1.1 Favorable Government Initiatives to Support the Growth of Electric Vehicle Charging Infrastructure

    2. 4.2 Market Restraints

      1. 4.2.1 Supply Shortages in Building Electric Vehicle Charging Stations

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size in Value - USD)

    1. 5.1 By Charging Station Type

      1. 5.1.1 Alternating Current (AC) Charging Station

      2. 5.1.2 Direct Current (DC) Charging Station

    2. 5.2 By Vehicle Type

      1. 5.2.1 Passenger Vehicles

      2. 5.2.2 Commercial Vehicles

    3. 5.3 By User Application

      1. 5.3.1 Private Infrastructure

      2. 5.3.2 Public Infrastructure

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles*

      1. 6.2.1 TELD

      2. 6.2.2 Starcharge

      3. 6.2.3 YKC

      4. 6.2.4 State Grid Corporation of China

      5. 6.2.5 TGood

      6. 6.2.6 Evking

      7. 6.2.7 ShenZhen Carenergy Net

      8. 6.2.8 Southern Power Grid

      9. 6.2.9 Wancheng Wanchong

      10. 6.2.10 Hooenergy

      11. 6.2.11 EV Power

      12. 6.2.12 Eichong

      13. 6.2.13 SAIC Motor

      14. 6.2.14 Potevio

      15. 6.2.15 Winlands

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Rising Foreign Direct Investment to Foster the Growth of the Market

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China Electric Vehicle (EV) Charging Infrastructure Industry Segmentation

An electric vehicle charging station, also known as an EV charging station, ECS (electronic charging station), and EVSE (electric vehicle supply equipment), supplies electric energy for the recharging/charging of plug-in electric vehicles and battery electric vehicles, including passenger cars and commercial vehicles.

The China electric vehicle charging infrastructure market is segmented by charging station type, vehicle type, and user application. By charging station type, the market is segmented into alternating current (AC) charging stations and direct current (DC) charging stations. By vehicle type, the market is segmented into passenger vehicles and commercial vehicles. By user application, the market is segmented into private infrastructure and public infrastructure.

The report offers market size and forecasts for Electric Vehicle Charging Infrastructure in value (USD) for all the above segments.

By Charging Station Type
Alternating Current (AC) Charging Station
Direct Current (DC) Charging Station
By Vehicle Type
Passenger Vehicles
Commercial Vehicles
By User Application
Private Infrastructure
Public Infrastructure
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China Electric Vehicle (EV) Charging Infrastructure Market Research FAQs

The China Electric Vehicle Charging Infrastructure Market is projected to register a CAGR of 38.85% during the forecast period (2024-2029)

TELD, Starcharge, YKC, State Grid Corporation of China and TGood are the major companies operating in the China Electric Vehicle Charging Infrastructure Market.

The report covers the China Electric Vehicle Charging Infrastructure Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Electric Vehicle Charging Infrastructure Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Major factors driving the growth of China's Electric Vehicle Charging Infrastructure industry are a) Favorable government policies b) Increasing electric vehicle sales c) Environmental concerns d) Advancements in charging technologies

EV Charging in China Industry Report

The China EV charging stations market is witnessing remarkable growth, fueled by the rising adoption of electric vehicles and strong government support to enhance the charging infrastructure nationwide. Aimed at curbing carbon emissions and fostering sustainable transport, there's a booming demand for EV charging solutions, especially in public areas. This market, enriched with diverse charging options like AC, DC, and wireless, caters to a broad spectrum of vehicles, from passenger cars to commercial fleets. Innovations such as vehicle-to-grid (V2G) technology are propelling the market forward, making EV charging more efficient and versatile. With the ongoing expansion of infrastructure and concerted efforts from both government and industry stakeholders, China's EV charging stations are set to become more accessible and user-friendly, boosting electric vehicle uptake across the country. Insights from Mordor Intelligence™ highlight the market's size, share, and growth prospects, offering a comprehensive forecast and historical analysis. For detailed insights, download the free report PDF sample on China Electric Vehicle Charging Infrastructure analysis.

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China EV Charging Infrastructure Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)