The Electric Vehicle Charging Market Could Be Worth As Much As $1.6 Trillion

Sales of electric vehicles (EVs) have been remarkably strong recently. In the 12 months to June 2021, sales of EVs were more than 160% higher than in the same period a year earlier and were up by more than 130% in the comparable period in 2019 (according to BNEF data).  So, although the transition to EVs is truly underway, this is just the beginning and there is a lot further to go.

In the UK, for example, EVs accounted for 11% of total passenger vehicle sales last year. However, that share will have to rise to 100% in fewer than nine years…