Top 10 Electric Vehicle Charging Infrastructure Companies | New Tech

Tajammul Pangarkar
Tajammul Pangarkar

Updated · Feb 20, 2024

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Electric Vehicle Charging Infrastructure Market Overview

Electric vehicle (EV) charging infrastructure comprises diverse types, including Level 1, Level 2, and DC fast charging, tailored to various charging requirements. Essential elements like charging stations, connectors, and payment systems constitute the foundation of this infrastructure.

Nonetheless, obstacles such as deploying infrastructure, grid capacity, and interoperability endure. Nevertheless, the outlook for EV charging infrastructure appears optimistic, propelled by technological progress and favorable policies.

Collaboration among stakeholders and sustained investment will be crucial for unlocking the complete benefits of electric mobility.

Market Drivers

Numerous factors are driving the growth of the global electric vehicle (EV) charging infrastructure market. Initiatives by governments to cut carbon emissions and encourage sustainable transport, coupled with substantial investments in EV charging initiatives, are significant contributors to market expansion.

Progress in EV technology, rising consumer awareness of environmental advantages, and the demand for effective urban transport solutions are also pivotal drivers.

Collaborations between automotive, energy, and technology firms focus on creating compatible charging solutions and improving user satisfaction.

Additionally, advancements in charging technologies, such as wireless and ultra-fast charging, are forecasted to hasten market growth.

Market Size

The global EV charging infrastructure market hit USD 25.2 Billion in 2023 and is forecasted to surge to USD 224.8 Billion by 2032, with a projected growth rate of 27.5% from 2023 to 2032.

List of Major Companies

 These are the top 10 companies operating in the Electric Vehicle Charging Infrastructure Market:

ChargePoint

Company Overview

Establishment Year2007
HeadquarterCampbell, California, U.S.
Key ManagementRick Wilmer (CEO)
Revenue (US$ Bn)$ 468 Million (2023)
Headcount~ 1,650 (2023)
Websitehttps://chargepoint.com/

About ChargePoint

ChargePoint, founded in 2007, is a prominent player in the electric vehicle (EV) charging infrastructure sector, offering a comprehensive range of charging solutions and innovative technologies. Their product lineup includes residential, commercial, and public charging stations catering to various customer needs.

ChargePoint’s software platform enables remote management and monitoring of charging stations, while its extensive network provides convenient access to EV drivers worldwide. Through collaborations and innovation, ChargePoint remains at the forefront of promoting EV adoption and shaping the future of electric mobility on a global scale.

Geographical Presence

ChargePoint, a leader in electric vehicle (EV) charging infrastructure, boasts a broad geographical presence across North America, Europe, and the Asia-Pacific. With extensive networks in the United States, Canada, Europe, and key Asia-Pacific markets, ChargePoint ensures convenient access to charging stations for EV drivers.

Its strategic placement of stations in urban centers, suburban areas, and along major transportation routes supports the growing demand for EVs and promotes sustainable mobility solutions worldwide.

Recent Developments

  • In January 2024, ChargePoint attained FedRAMP approval from the U.S. Federal Government, making it among the pioneering EV charging solution providers to receive this accreditation.
  • In October 2023, ChargePoint expanded its fleet management offerings with a new software solution suite for mixed-fuel and all-electric fleets. These solutions aim to streamline operations and reduce the total cost of ownership, simplifying the shift to electric mobility.

Tesla

Company Overview

Establishment Year2003
HeadquarterAustin, Texas, U.S.
Key ManagementElon Musk (CEO)
Revenue (US$ Bn)$ 96.8 B (2023)
Headcount~ 140,473 (2023)
Websitehttps://www.tesla.com/

About Tesla

Tesla Inc., a frontrunner in electric vehicles (EVs), has revolutionized the EV charging scene with its inventive infrastructure. They manage a worldwide array of strategically positioned Supercharger stations, making long-distance charging convenient for Tesla drivers. Tesla’s unique charging technology enables swift charging, notably cutting down wait times compared to traditional methods.

Moreover, Tesla provides home charging solutions like the Tesla Wall Connector, ensuring effortless charging access for EV owners at their residences. Tesla’s comprehensive strategy toward EV charging infrastructure significantly contributes to the widespread acceptance of electric vehicles and the advancement of sustainable transportation.

Geographical Presence

The company’s geographical footprint extends to North America, Europe, Asia-Pacific, and other key markets. Tesla has a significant presence in North America, with manufacturing facilities, service centers, and retail locations strategically located throughout the United States and Canada.

Tesla operates manufacturing plants in Europe and Germany while maintaining a strong retail and service network across major European countries. Additionally, Tesla has expanded its presence in the Asia-Pacific region, with manufacturing facilities in China and retail locations in key markets such as Japan and Australia.

Recent Developments

  • In February 2024, Tesla Power India revealed intentions to hire more than 2000 employees across multiple sectors for its expansion endeavors in India.
  • In September 2023, Tesla introduced an updated edition of its well-known Model 3 sedan, featuring a more stylish design and increased driving range.

ABB

Company Overview

Establishment Year1988
HeadquarterVästerås, Sweden
Key ManagementPeter Voser (Chairman)
Revenue (US$ Bn)$ 29.4 Billion (2022)
Headcount~ 105,130 (2022)
Websitehttps://global.abb/

About ABB

ABB Ltd., a key player in the electric vehicle (EV) charging industry, offers various charging solutions tailored to different needs. Their portfolio includes diverse EV charging stations, spanning AC and DC chargers, designed for residential, commercial, and public use. ABB’s charging infrastructure integrates cutting-edge technologies to ensure efficient and dependable charging experiences for EV drivers.

Furthermore, ABB utilizes its power management and grid integration expertise to develop intelligent charging solutions that optimize energy usage and enhance grid stability. ABB significantly contributes to the global transition to sustainable transportation through its dedication to advancing EV charging infrastructure.

Geographical Presence

ABB Ltd. has a significant global presence across North America, Europe, and Asia-Pacific. In North America, it operates manufacturing facilities, offices, and service centers in the United States, Canada, and Mexico. Similarly, ABB has manufacturing plants and offices in Europe in countries like Germany, Switzerland, and Sweden.

The company has also expanded its operations in the Asia-Pacific region, with manufacturing facilities in China, India, and other countries. ABB’s wide geographical footprint reflects its dedication to serving diverse customers worldwide and fostering innovation across various industries.

Recent Development

  • In February 2024, ABB signed an agreement to purchase SEAM Group, a leading energized asset management and advisory services provider in industrial and commercial building markets. This acquisition will enhance ABB’s Electrification Service offering, providing customers with expertise in predictive, preventive, and corrective maintenance, electrical safety, renewables, and asset management advisory services.
  • In January 2024, ABB agreed to acquire Real Tech to strengthen its position in the water sector and integrate vital optical technology into its product range for smart water management.

Siemens

Company Overview

Establishment Year1847
HeadquarterMunich, Germany
Key ManagementRoland Busch (CEO)
Revenue (US$ Bn)$ 81.8 Billion (2023)
Headcount~ 321,000 (2023)
Websitehttps://www.siemens.com/

About Siemens

Siemens AG is a critical player in the EV charging sector, offering various charging solutions for diverse needs. Their portfolio includes AC and DC chargers suitable for residential, commercial, and public use. Siemens integrates innovative technologies into their charging infrastructure to ensure efficient and dependable charging experiences for EV drivers.

Additionally, they utilize their expertise in power management and grid integration to develop smart charging solutions that optimize energy usage and grid stability. Siemens’ dedication to advancing EV charging infrastructure is vital in promoting the global transition to sustainable transportation.

Geographical Presence

Siemens AG has a significant worldwide presence, with operations in North America, Europe, Asia-Pacific, and other regions. The company has strategically located facilities and offices in the United States, Canada, and Mexico in North America.

Similarly, in Europe, Siemens operates manufacturing plants and offices in countries like Germany, France, and the United Kingdom, serving customers across the continent.

Additionally, Siemens has expanded into the Asia-Pacific region, with a presence in countries such as China, India, and Japan, meeting the increasing demand for its products. Overall, Siemens’ extensive global presence highlights its dedication to serving customers worldwide and fostering innovation across various industries.

Recent Development

  • In February 2024, Siemens, Roman DSO, and Areti joined forces for the RomeFlex project to test congestion and voltage control in Italy’s capital city.
  • In December 2023, Siemens acquired BuntPlanet, a technology company, integrating its offerings and team into Siemens’ application portfolio for water utilities, enhancing its comprehensive solutions for water customers.

Schneider

Company Overview

Establishment Year1836
HeadquarterRueil-Malmaison, France
Key ManagementPeter Herweck (CEO)
Revenue (US$ Bn)$ 35.9 B (2022)
Headcount~ 162,339 (2022)
Websitehttps://www.se.com/

About Schneider Electric

Schneider Electric SE is a crucial player in the EV charging sector, offering various charging solutions for different needs. Their portfolio includes diverse EV charging stations suitable for residential, commercial, and public use, incorporating innovative technologies for efficient and reliable charging.

Leveraging energy management and sustainability expertise, Schneider Electric develops smart charging solutions to optimize energy usage and grid stability. With a solid commitment to advancing EV charging infrastructure, Schneider Electric contributes significantly to the global transition to sustainable transportation.

Geographical Presence

Schneider Electric has a solid global presence, with offices, manufacturing facilities, and service centers across North America, Europe, Asia-Pacific, and other regions. The company strategically places facilities and offices throughout the United States, Canada, and Mexico in North America.

Similarly, in Europe, Schneider Electric operates manufacturing plants and offices in countries like France, Germany, and the United Kingdom, serving customers continent-wide.

Additionally, the company has expanded its reach in the Asia-Pacific region, with a presence in countries such as China, India, and Japan, to meet growing demand. Overall, Schneider Electric’s extensive global presence reflects its dedication to serving customers worldwide and fostering innovation across various industries.

Recent Developments

  • In February 2024, Schneider Electric and technology firms Intel and Red Hat unveiled a Distributed Control Node (DCN) software framework.
  • In September 2023, in collaboration with state and local officials, Schneider Electric inaugurated its new 160,000-square-foot manufacturing facility in El Paso, TX. This plant represents part of Schneider’s $300 million investment in U.S. manufacturing, supporting customers with electrical equipment and contributing to America’s energy transition and infrastructure development.

Eaton

Company Overview

Establishment Year1911
HeadquarterDublin, Ireland
Key ManagementCraig Arnold (Chairman, President & CEO)
Revenue (US$ Bn)$ 2.4 Billion (2022)
Headcount~ 85,000 (2022)
Websitehttp://eaton.com/

About Eaton

Eaton Corporation plc is a crucial player in the EV charging sector, offering various charging solutions for different needs. Their portfolio includes diverse EV charging stations suitable for residential, commercial, and public use, integrating innovative technologies for efficient and reliable charging.

Leveraging expertise in power management and electrical systems, Eaton develops smart charging solutions to optimize energy usage and grid stability. With a solid commitment to advancing EV charging infrastructure, Eaton contributes significantly to the global transition to sustainable transportation.

Geographical Presence

Eaton Corporation has a strong global presence across North America, Europe, Asia-Pacific, and other regions. In North America, Eaton strategically places facilities and offices throughout the United States, Canada, and Mexico.

Similarly, in Europe, the company operates manufacturing plants and offices in countries like Germany, France, and the United Kingdom, serving customers across the continent.

Additionally, Eaton has expanded into the Asia-Pacific region, with a presence in countries such as China, India, and Japan, meeting growing demand. Overall, Eaton’s widespread global presence reflects its commitment to serving customers worldwide and driving innovation across various industries.

Recent Developments

  • In February 2024, Eaton reaffirmed its dedication to modernizing its manufacturing footprint by establishing smart factories in Juarez, Mexico, and Changzhou, China. These sites have integrated Industry 4.0 technology to digitize operations by combining new construction and existing facilities. They will serve as examples for other Eaton plants, facilitating the adoption of advanced digital technologies.
  • In September 2023, Eaton unveiled its latest global Innovation Center near Montreal in Brossard, Quebec, after almost 40 years of pioneering software development.

GE

Company Overview

Establishment Year1982
HeadquarterBoston, Massachusetts, U.S.
Key ManagementLawrence Culp Jr. Larry Culp (CEO)
Revenue (US$ Bn)$ 67.9 Billion (2023)
Headcount~ 125,000 (2023)
Websitehttps://www.ge.com/

About General Electric

General Electric (GE) is a prominent player in the electric vehicle (EV) charging sector, offering various charging solutions tailored to different applications. The company provides a comprehensive portfolio of EV charging stations, encompassing AC and DC chargers suitable for residential, commercial, and public settings.

GE’s charging infrastructure incorporates advanced technologies to ensure efficient and reliable charging experiences for EV owners. GE develops innovative charging solutions that optimize energy usage and support grid stability by leveraging its electrical systems and industrial solutions expertise. With its commitment to advancing EV charging infrastructure, GE is crucial in driving the transition to sustainable transportation worldwide.

Geographical Presence

General Electric (GE) has a significant global footprint, with operations across North America, Europe, Asia-Pacific, and other regions. In North America, GE maintains strategic facilities and offices throughout the United States, Canada, and Mexico.

Similarly, in Europe, the company operates manufacturing plants and offices in countries including Germany, France, and the United Kingdom, serving customers across the continent.

Moreover, GE has expanded its reach in the Asia-Pacific region, with a presence in countries like China, India, and Japan, meeting rising demand for its products. GE’s extensive global presence reflects its dedication to serving customers worldwide and driving innovation across industries.

Recent Developments

  • In January 2023, GE proposed building two new manufacturing plants in New York if it secures enough orders from the State’s current solicitation for up to 4.6 GW of offshore wind power.
  • In July 2023, GE launched the 180 MW Bajoli Holi Project, consisting of three 60 MW units in Himachal Pradesh. This run-of-the-river power facility includes a head race tunnel extending more than 16 km.

Engie

Company Overview

Establishment Year2008
HeadquarterCourbevoie, France
Key ManagementCatherine MacGregor (CEO)
Revenue (US$ Bn)$ 98.7 Billion (2022)
Headcount~ 96,454 (2022)
Websitehttp://engie.com/en

About Engie

Engie SA is a significant player in the electric vehicle (EV) charging sector, offering a comprehensive range of charging solutions tailored to various applications. The company provides a diverse portfolio of EV charging stations, including AC and DC chargers, suitable for residential, commercial, and public settings. Engie’s charging infrastructure incorporates innovative technologies to ensure efficient and reliable charging experiences for EV owners.

Engie also leverages its energy management and sustainability expertise to develop smart charging solutions that optimize energy usage and support grid stability. With its commitment to advancing electric vehicle charging infrastructure, Engie is crucial in facilitating the transition to sustainable transportation worldwide.

Geographical Presence

Engie SA has a significant global presence, with operations spanning various regions worldwide. The company maintains offices, facilities, and service centers in key markets across North America, Europe, Asia-Pacific, and other areas. Engie has a notable presence in North America, with facilities and offices strategically located throughout the United States, Canada, and Mexico.

Similarly, in Europe, the company operates in countries such as France, Germany, and the United Kingdom, serving customers continent-wide. Additionally, Engie has expanded its footprint in the Asia-Pacific region, with a presence in countries like China, India, and Japan, catering to the growing demand for its products and solutions.

Recent Development

  • In January 2024, Amazon agreed with ENGIE to expand its portion of energy output from Ocean Winds’ Moray West offshore wind farm in Scotland to 473MW. 
  • In December 2023, ENGIE finalized an agreement with the Belgian government to prolong the operation of the Doel 4 and Tihange 3 nuclear reactors, along with all responsibilities concerning atomic waste.

BYD

Company Overview

Establishment Year1995
HeadquarterShenzhen, Guangdong, China
Key ManagementWang Chuanfu (Chairman, CEO)
Revenue (US$ Bn)$ 82.09 Billion (2023)
Headcount~ 57,000 (2022)
Websitehttps://www.byd.com/

About BYD

BYD plays a significant role in the EV charging sector, offering various charging solutions designed for diverse needs. Their portfolio includes a comprehensive range of EV charging stations, covering AC and DC chargers suitable for multiple environments, such as residential, commercial, and public areas. BYD’s charging infrastructure integrates advanced technologies to ensure efficient and dependable charging experiences for EV owners.

Leveraging its expertise in battery technology and electric vehicles, BYD develops innovative charging solutions that enhance energy efficiency and contribute to grid stability. With a solid commitment to advancing electric vehicle charging infrastructure, BYD contributes significantly to the global transition towards sustainable transportation.

Geographical Presence

BYD has a significant global presence, with operations across North America, Europe, Asia-Pacific, and other regions. The company has offices, manufacturing facilities, and service centers strategically located in key markets, including the United States, Canada, Mexico, Germany, France, the United Kingdom, China, India, and Japan.

BYD’s extensive global presence reflects its commitment to serving customers worldwide and driving innovation across industries.

Recent Development

  • In September 2023, BYD and Cox Automotive partnered to offer round-the-clock roadside assistance and a nationwide network of EV-trained technicians to BYD customers with growing fleets of class 6 and class 8 trucks in the U.S.
  • In August 2023, BYD revealed a worldwide agreement with Stingray, a top music, media, and technology firm. BYD plans to integrate Stingray’s interactive Karaoke product as a built-in app in their popular models.

Webasto

Company Overview

Establishment Year1901
HeadquarterStockdorf, Germany
Key ManagementHolger Engelmann (CEO)
Revenue (US$ Bn)$ 4.3 Billion (2023)
Headcount~ 16,800 (2022)
Websitehttp://www.webasto.com/

About Webasto

Webasto SE is a notable player in the electric vehicle (EV) charging sector, offering various charging solutions tailored to different applications. The company provides a comprehensive portfolio of EV charging stations, including Level 1, Level 2, and DC fast chargers suitable for residential, commercial, and public settings. Webasto’s charging infrastructure incorporates advanced technologies to ensure efficient and reliable charging experiences for EV owners.

Leveraging its automotive components and systems expertise, Webasto develops innovative charging solutions that optimize energy usage, support grid stability, and enable intelligent charging capabilities. With a commitment to advancing electric vehicle charging infrastructure, Webasto is crucial in driving the transition to sustainable transportation worldwide.

Geographical Presence

Webasto SE has a significant global presence, with operations across North America, Europe, Asia-Pacific, and other regions. The company’s offices, manufacturing facilities, and service centers are strategically located in key markets, including the United States, Canada, Mexico, Germany, France, the United Kingdom, China, India, and Japan. Overall, Webasto’s extensive global presence reflects its commitment to serving customers worldwide and driving innovation across industries.

Recent Developments

  • In February 2024, Transom announced its acquisition of a controlling interest in Webasto’s Charging Solutions division.
  • In November 2023, Webasto Charging Systems, Inc. revealed plans for expanded availability of the TurboConnect, demonstrating its dedication to providing accessible and cutting-edge EV charging solutions.
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Tajammul Pangarkar

Tajammul Pangarkar

Tajammul Pangarkar is a CMO at Prudour Pvt Ltd. Tajammul longstanding experience in the fields of mobile technology and industry research is often reflected in his insightful body of work. His interest lies in understanding tech trends, dissecting mobile applications, and raising general awareness of technical know-how. He frequently contributes to numerous industry-specific magazines and forums. When he’s not ruminating about various happenings in the tech world, he can usually be found indulging in his next favorite interest - table tennis.