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The Public Charging Segment Dominated the Global Electric Vehicle Fast Charging System Market

 

The public charging segment dominated the global electric vehicle fast charging system market and is anticipated to maintain its dominance throughout the forecast period. This is mainly due to the fact that LDVs are more in number as compared to electric buses, as public charging is mostly used by the electric LDVs, such as electric cars, vans, and pickup truck. Government of various countries, such as India, the U.S., China, and the Netherlands, are deploying highway charger to overcome the need for public charging at highways.

APAC dominated the global electric vehicle fast charging system market and is anticipated to uphold its dominance throughout the forecast period. The electric vehicle fast charging system market in APAC is majorly driven by factors, such as growing number of electric vehicles in the region, which further creates high demand for fast charging system. In the APAC region, China is currently the largest market for EV fast charging, as China is the largest market for electric vehicles also. This is mainly due to the stringent government rules and regulation regarding vehicular emission. which have created a push by the government for the adoption of electric vehicles.

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