The rapid expansion of the charging station network – the new energy era is accelerating

As electric vehicles (EVs) continue to gain popularity, global charging infrastructure is experiencing explosive growth. From the proliferation of public fast-charging stations to the international convergence of technical standards, the entire industry chain is undergoing profound changes.

⚡ Charging station growth is astonishing

The International Energy Agency (IEA) reports that by 2024, the world will add over 1.3 million new public charging stations, an increase of over 30%. Combined with existing charging stations, the number of public charging points worldwide will exceed 5 million.

Despite the suspension of US funding, non-residential charging equipment deployment continues to grow at a 25% annual rate, with over 204,000 public charging stations in the US by the end of 2024.

🏎 Fast and ultra-fast charging are significantly increasing in share.

Globally, there are approximately 2 million fast-charging parking spaces, with ultra-fast charging (>150kW) accounting for nearly 10% of fast charging, representing year-on-year growth of over 50%.

The US added approximately 60,000 fast-charging spaces in the second quarter, representing a significant share of the total new additions. 63% of these spaces offer power above 250kW, and the scale of these spaces is also expanding.

🧱 Standardization promotes global interoperability.

Lucid, Honda, Acura, and other brands have announced that they will be able to use Tesla models via adapters starting at the end of July. The Supercharger network further breaks down charging standards barriers and enables cross-brand interoperability.
Although this initiative is currently limited to approximately 50kW charging speeds due to voltage compatibility issues, it signals the convergence of global charging infrastructure.

🏗 Infrastructure Financing and Mobility Innovation

US charging operator EVgo secured $225 million in financing to deploy over 1,500 high-power fast-charging stations, supporting the expansion of its public charging network.

Germany’s MAN Smart Charging Cube system, combining energy storage with grid-flexible charging, can provide up to 400–1000 kW of power for heavy-duty electric vehicles in off-grid areas, offering an innovative solution for charging construction vehicles.

📈 Market Size and Future Forecast

Market analysis shows that the global EV charging station market is expected to grow from approximately US$28.5 billion in 2025 to approximately US$76.3 billion in 2032, achieving a compound annual growth rate of over 15%.

BloombergNEF predicts that public charging revenue will increase from US$10 billion in 2025 to approximately US$220 billion in 2040, demonstrating significant growth potential.

🧭 Strategic Trends and User Demands

Development Trends and Content Highlights
Deployment Scale Expansion: China accounts for 65% of global charging station growth, while most European countries are experiencing growth exceeding 50%. With user experience improving, drivers are more willing to pay for convenient and reliable services. Additional amenities like Wi-Fi, restrooms, and snacks are becoming increasingly popular.

Mobile charging is on the rise. Mobile energy storage charging modules (such as the Charging Cube) effectively address charging challenges in areas without grid coverage.

✅ Summary and Comments

Global charging infrastructure is undergoing a qualitative transformation, with public-private partnerships driving a significant expansion of charging points, unified technical standards, and the gradual normalization of mobile deployment. Despite short-term policy fluctuations, the future trend remains clear: the widespread adoption of electric vehicles requires a strong foundation of charging infrastructure.