The Market
Most companies that offer EV Charging Stations are installing them in public locations, supermarket car parks, local government offices, and mall lots etc. While all of these are great locations, nothing beats having a charging station at your home. Which if you are a single family owner, the only restriction on you adding an EV Charger at your home is your willingness to pay for it.
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If you are a condo owner it is a very different story, ConodEV addresses this issue by providing charging stations free of charge to the Condominium or Homeowners Association.
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352,000Â US Condominium Associations
Largest States by Numbers
California 49,000
Florida 48,000
Texas 21,000
Illinois 18,000
N Carolina 14,000
74m
Number of people who reside in a Condo/Homeowners Association community
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95% of these communities were built more than 10 years ago with less than 1% offering EV Charging today
$5b
Government funding available to increase the number of EV charging stations in the US. This $5 billion is available to individual states to support their EV Charging station rollout.
The money may be used to pay for acquisition, installation, operation and maintenance of EV charging infrastructure. The federal share of the cost of projects funded under the program is 80%
$29b
Size of the US EV Charging market by 2028.
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The U.S. electric vehicle charging infrastructure market size is expected to reach USD 28.39 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a Compound Average Growth Rate (CAGR) of 38.9% during the forecast period.
US Electric Vehicle Industry Outlook
The Numbers
18.7m
1 million electric vehicles in 2018 expanding to 18.7m in 2030
9.6m
113,000 charging ports in 2022, expanding to 9.6m needed by 2030
3.5m
The number of new electric vehicles sold in 2030 will be 3.5m which will represent 52%Â of all new vehicles sold