In terms of market scale, the global EV charging station industry is experiencing exponential growth. According to IEA data, the number of global public charging piles has doubled since 2022, exceeding 5 million, with over 1.3 million added in 2024 alone, a year-on-year increase of more than 30%. The global market size reached USD 26.87 billion in 2025 and is projected to surge to USD 143 billion by 2035, maintaining a compound annual growth rate of 18.2%. China leads the world with over 60% of global public charging piles, while Europe and North America are accelerating deployment under policy incentives. Emerging markets in Southeast Asia, India, and the Middle East are also witnessing explosive growth, with installation volumes doubling year-on-year, forming a multi-polar growth pattern across the globe.
Policy support is a core driver of the industry's rapid expansion. Major economies have introduced aggressive plans to promote charging infrastructure construction. The EU's Alternative Fuels Infrastructure Regulation (AFIR) mandates member states to build charging networks in proportion to EV penetration. The U.S. Infrastructure Investment and Jobs Act has allocated billions of dollars for charging facility deployment, with the IRA policy stimulating a 56% year-on-year increase in investment in 2025. China's "Three-Year Doubling Action Plan for Charging Facility Service Capacity" aims to build 28 million charging facilities by 2027, achieving full coverage in urban and rural areas. These policies have eliminated market uncertainties and provided strong guarantees for the industry's sustained high growth.
Technological innovation is reshaping the industry's development landscape, with ultra-fast charging, intelligent management, and integrated energy solutions becoming the mainstream. The 800V high-voltage platform has become the standard for new EVs, and liquid-cooled ultra-fast charging piles represented by CAMC have achieved 350kW+ high-power output, enabling "10 minutes of charging for 400km of range". The proportion of global DC fast charging piles has exceeded 60%, effectively alleviating user range anxiety. In addition, intelligent charging management systems, solar-storage-charging integration, and V2G (vehicle-to-grid) technologies are accelerating commercialization, transforming charging stations from a single energy supply terminal into a core node of the new energy ecosystem. CAMC Charging Piles has always been at the forefront of technological innovation, integrating advanced electronic control, thermal management, and intelligent monitoring technologies to ensure efficient, safe, and stable operation of equipment in various complex scenarios.
In terms of application scenarios and ecological construction, the industry is expanding from urban public areas to diversified scenarios such as highways, commercial complexes, industrial parks, and residential communities. High-speed charging networks are being rapidly improved, with China planning to build 40,000 ultra-fast charging guns in expressway service areas by 2027. At the same time, the industry is accelerating the integration of "charging + energy storage + photovoltaics + data services" to build a closed-loop new energy service ecosystem. CAMC Charging Piles actively responds to market demands, launching a full range of products including public fast charging piles, ultra-fast charging stations, and integrated energy stations, which are widely used in ports, logistics parks, urban public areas, and other scenarios, providing customized charging solutions for global customers.
In terms of challenges and future prospects, although the industry is booming, it still faces challenges such as uneven regional development, inconsistent technical standards, and high operational costs. However, with the continuous deepening of global carbon neutrality goals, the further integration of technology and capital, and the continuous expansion of application scenarios, the EV charging station industry will maintain a high growth rate in the next decade. As a global provider of new energy charging equipment, CAMC Charging Piles will continue to focus on technological innovation and product upgrading, adhere to the concept of green and low-carbon development, and work with global partners to promote the high-quality development of the EV charging industry, contributing to the realization of global sustainable mobility goals.
