One of the dangerous issues the Asia Pacific region is dealing with the rising air pollution, with vehicles as the main source of these problem. Since electric vehicles don’t release any toxic emissions, replacing older models of traditional fuel based vehicles with the latest generation of electric vehicles is a crucial step in the efforts to reduce air pollution. Electric power plants are more in demand since there are more electric vehicles on the road. Governments are implementing new rules to support market expansion while taking into account the environmental advantages of electric vehicle and charging stations for them. In order to encourage the expansion of the electric vehicle sector in India government has launched programmes like Faster Adoption & Manufacturing of Hybrid and Electric Vehicles (FAME) in 2015 and second phase FEMA II in 2017
The APAC Electric Charging Station Market was valued at US$ 1,238.4 million in 2017 and is expected to increase to US$ 3,785.8 million by 2026, registering a CAGR of 30.3% over the forecast period from 2018 to 2026.
Leading Companies in the APAC Electric Charging Station Industry:
1. PluginIndia.com
Since 2013, PluginIndia is India's oldest electric vehicle advocacy group. It has headquarters situated in Mumbai, India.
2. Mitsubishi Motors Corporation
Mitsubishi Motors Corporation, together with its subsidiaries, develops, manufactures, and sells passenger vehicles. Mitsubishi Motors Corporation was incorporated in 1970 and is headquartered in Tokyo, Japan. In December, 2022 Mitsubishi Motors Corporation announced that it had passed the milestone of exporting five million vehicles from Thailand.
3. ChargePoint, Inc.
ChargePoint Holdings, Inc. provides electric vehicle (EV) charging networks and charging solutions. The company was founded in 2007 and is headquartered in Campbell, California. In January, 2023 ChargePoint and Mercedes-Benz and MN8 Energy, one of the largest U.S. solar, stationary power and renewable energy providers, announced plans to rapidly expand the availability of DC fast charging with the development of over 400 charging hubs across the U.S. and Canada.