Charging as a Service Market

According to a research report "Charging as a Service Market by Charger Type (AC Charger, DC Charger), End Use (Private Charging Setup (Semi-Commercial), Public Charging Setup (Commercial)), Fleet service type (Company Vehicles & Motor Pools) - Global Forecast to 2035" published by MarketsandMarkets, the global charging as a service market is projected to grow from USD 165.9 million in 2025 to USD 2,135.0 million in 2035, at a CAGR of 29.1%.

Browse 110 market data Tables and 80 Figures spread through 260 Pages and in-depth TOC on "Charging as a Service Market by Charger Type (AC Charger, DC Charger), End Use (Private Charging Setup (Semi-Commercial), Public Charging Setup (Commercial)), Fleet service type (Company Vehicles & Motor Pools) - Global Forecast to 2035"
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The Charging as a Service (CaaS) market is influenced by factors like EV adoption, government policies, infrastructure investment, energy costs, urbanization, and technology advancements. Government rules, such as subsidies, emission targets, and mandatory charging stations, drive market growth. Private companies and public-private partnerships help develop charging networks. Further, energy prices and grid capacity affect the cost and operation of charging services. Cities with limited parking rely more on public and workplace charging. Businesses in logistics, ride-hailing, and corporate fleets need fast and scalable charging solutions. Consumer preferences, payment options like pay-per-use and subscriptions, and improvements in battery and charging technology also shape the market.

Auto-dealerships and OEM operated charging spaces to hold the significant share in semi-public charging setup segment.

OEM partnerships with Charge Point Operators (CPOs) and EV charging strategies for auto dealerships are driving the expansion of EV infrastructure. From 2021 to 2023, major OEMs formed key collaborations to enhance charging access. In July 2023, BMW, Mercedes-Benz, Honda, Hyundai, Kia, Stellantis, and GM announced a joint venture to build a high-power charging network in North America. Around the same time, Hyundai, Volvo, Polestar, GM, and Ford secured access to Tesla’s NACS Supercharger network, enabling their EVs to use Tesla’s charging infrastructure. Earlier in the year, Mercedes-Benz launched a charging network in collaboration with ChargePoint. In 2022, Hyundai expanded its Ionity partnership in Europe, GM integrated multiple CPOs into its Ultium Charge 360 network, and Rivian developed its Adventure Network alongside Electrify America. In December 2024, ChargePoint and General Motors announced plans to install up to 500 ultra-fast EV charging ports across the U.S. under the GM Energy brand. The network is expected to be operational by the end of 2025. Also, these chargers will feature ChargePoint’s Omni Port system, allowing vehicles with CCS or NACS connectors to charge without an adapter. The deployment will also include ChargePoint’s Express Plus platform, offering charging speeds up to 500kW.

“North America is expected to be the significant Charging as a Service market by 2035.”

Charging as a Service in North America is expanding due to investments in infrastructure, technology, and partnerships. The expansion of Charging as a Service in North America has improved EV accessibility, reduced charging downtime, and supported grid stability. OEMs and charging providers are adding high-power charging networks. For instance, in February 2024, Ionna, a joint venture by Mercedes-Benz, BMW, General Motors, Stellantis, Honda, Hyundai, and Kia, planned to install 30,000 high-power chargers in the region. Tesla is expanding its Supercharger network and has started opening it to non-Tesla EVs. ChargePoint and Electrify America continue to expand Level 2 and DC fast-charging stations. The launch of Ionna and the expansion of Tesla's Supercharger network have increased the availability of high-power chargers, reducing range anxiety for EV owners. The decision to open Tesla Superchargers to non-Tesla vehicles has also improved interoperability, benefiting a wider range of EV users.

CPOs such as ChargeScape are backed by OEMs like Ford, Honda, BMW, and Nissan, to utilize the energy and supply power to the grid. Many CPOs are improving infrastructure through software and partnerships. For instance, Monta, a Danish software company, entered the U.S. market in 2024 to manage one million charging points. Further, Flo, a Canadian CPO, is expanding its North American presence with fleet, commercial, and residential charging solutions. Software-driven infrastructure management by Monta and Flo has optimized network reliability, ensuring better uptime for public and private charging stations. Also, Volta Charging, now owned by Shell, offers ad-supported public charging in high-traffic locations. Volta Charging's ad-supported model has made public charging more cost-effective, encouraging EV adoption in urban areas.

Key Players

The major players in the Charging as a Service market include ChargePoint, Inc. (US), Tesla (US), ENGIE (France), TGOOD Global Ltd. (China), and State Grid Corporation of China (China). These players have been adopting strategies to sustain their positions in the market. Major strategies adopted are product launches and deals. These strategies have been analyzed to understand the positions of these companies in the market. Charging Point Operators focus on maintaining their strategic positions in the market by launching new and advanced service offerings. These companies offer charging as a service and have strong global distribution networks. For instance, in November 2024, ChargePoint, Inc. introduced the ChargePoint Essential cloud plan as an alternative to traditional cloud subscriptions. Instead of a fixed subscription fee, the software cost is covered by user-charging payments, with any extra revenue going to the station owner. This plan reduces upfront costs, making EV charging more accessible to customers.

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