Global Electric Vehicle Battery Charger Market Can Grow at 14.3% CAGR by 2025 Due to Rising Demand
Electric vehicle battery chargers are used for charging electric vehicles. The charging rate at which the EV battery can be refilled depends on the capacity of the charger in the vehicle and amount of power the source can supply. The electric vehicle chargers can be segmented on the basis of level of charging in level 1,2,3 type of chargers. The level 1 charging requires a grounded120V outlet and add approximately 40 miles of range in an eight-hour overnight charge, while the level 3 charging can typically add 50 to 90 miles in 30 minutes. Segmentation The global electric vehicle battery charger market is segmented on the basis of electric vehicle type, level of charging, application, and region. On the basis of electric vehicle type, the global market has been segmented into battery electric vehicle, and plug-in hybrid electric vehicle. On the basis of level of charging, the global market has been segmented into level1, level 2, and level 3. On the basis of applic...