Electric Vehicle (EV) Charging Service Market: Extensively Used By The Majority Of Industries Forecast 2018 - 2026
EV Charging Service Market – Overview Electric vehicle (EV) charging service comprises an EV charging station where an electric vehicle can be re-charged. Similar to fuel stations, charging stations are used for refilling the charge into electric vehicle batteries. As the number of electric vehicles is increasing, the demand for rapid charging is increasing. Generally, when the battery of an electric vehicle is about to dry, the rate of charging is high. As the battery gets charged, the rate of charging gradually decreases, which is called tapering. Tapering is noticeable at above 50% of charging. Therefore, vehicle manufacturers advise to charge vehicles up to 80% only. Implementation of stringent emission norms is primarily driving the global EV charging service market. Several governments such as China, Germany, India, Brazil, and France have announced ban on use of diesel-powered vehicles, in order to minimize emissions. Governments of several other countries are likely...