Frequently asked questions:
The global peer to peer electric vehicle charging market was valued at USD 0.1 Billion in 2022.
The peer to peer electric vehicle charging market is expected to grow at a CAGR of 22.5% between 2023 and 2030, reaching USD 0.4 Billion in 2030.
Level 1 is the leading segment by Charger type, holding over 45% share in value in 2022.
The residential segment governs the global demand for peer to peer electric vehicle charging, holding a massive share of over 10% in 2022.
The level 2 segment is expected to post the highest CAGR during the forecast period.
Europe is fueling the growth of the peer to peer electric vehicle charging industry, with an over one-third share in 2022.
Chargepoint Inc, ClipperCreek, Inc., Enel X, EVBox, and EV Meter are top players.
The major market drivers are increasing electric vehicle adoption, the desire for cost savings and income generation, and the growing demand for convenient and accessible charging infrastructure.
The major market restraints are lack of standardized regulations and legal frameworks and uncertainties around liability, safety, and transactional processes.
Decentralized charging infrastructure, community engagement and collaboration, and enhanced charging accessibility in residential areas and private homes.