EV DC (electric vehicle direct current) fast charger is a direct current fast charger built for recharging electric vehicles. Electric vehicle chargers are prime components of the electric vehicle charging station that supply electric energy to recharge the electric vehicle. EV DC fast chargers recharge EVs at a comparatively rapid pace than that of AC (alternating current) electric vehicle chargers. EV DC chargers are able to recharge an electric vehicle battery up to 80% of its capacity within 20 to 30 minutes.
Major Key Players of the EV DC Fast Charger Market are:
ABB, TESLA, Efacec, Alfen N.V., Allego B.V., Bosch Automotive Service Solutions Inc., and Schneider Electric.
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Deteriorating climate conditions around the world owing to high carbon dioxide proliferation in the environment due to transportation pollution, which is among the major contributor of carbon dioxide emission, have led to the higher rate of adoption of electric vehicles as a solution to curtail transportation pollution. Increase in rate of adoption of electric vehicles fuels the demand for charging stations. This is anticipated to be a key factor that is likely to drive the EV DC fast charger market during the forecast period. EV DC fast charger transfers power with higher efficiency as compared to other types of electric vehicle chargers.
However, the sluggish rate of AC charging leads to longer queues, which hampers the growth of electric vehicle industry. Introduction of EV DC fast charger, which charges EVs at a rapid rate, is considered to be a boost to the EV industry. This, in turn, is projected to drive the EV DC fast charger market during the forecast period. Furthermore, regulatory bodies across the globe are spreading awareness and prompting consumers to opt for ecofriendly vehicles in order to tackle and curb environment emission by offering lucrative incentives on the installation of EV charging infrastructure. This is another key factor that is anticipated to propel the EV DC fast charger market during the forecast period. Higher cost of EV DC fast charger due to its ability to charge an EV rapidly is likely to hamper the EV DC fast charger market in the near future.
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In the end, EV DC Fast Charger industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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