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The global automotive industry is undergoing wide-ranged transformations with a change in consumer behavior and an increase in the implementation of stringent environmental regulations. Following the projected depletion of global crude oil sources and rising concerns about air pollution in many cities, automotive manufacturers are developing electric vehicles (EVs) as affordable, dependable, and safe alternatives to internal combustion (IC) engines. Furthermore, increasing legislation in many parts of the world to reduce vehicle exhaust emissions has prompted electric vehicle manufacturers to develop battery-electric or fully electric vehicles (BEVs).

Hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs) are two other types of EVs (PHEVs). Electric vehicle sales have gradually gained traction in many regional markets, but the market remains insignificant compared to the global market for internal combustion engine-powered vehicles. As various projections show that electric vehicles will eventually dominate the automotive industry, many existing vehicle manufacturers and several new players have begun aligning their company goals toward producing electric vehicles.

Read Report Overview: EV Charging Management Software Platform Market

The EV charging management software platform market is projected to reach $25,922.4 million by 2031 from $980.0 million in 2021, growing at a CAGR of 36.7% during the forecast period 2022-2031. The EV charging management software platform market growth is expected to be driven by the proliferating demand for electric vehicles across the globe and government initiatives toward a pollution-free environment. The EV market will rapidly grow and evolve in the coming months and years to reach critical mass. Savvy operators will begin with a software solution that can scale with the market, allowing them to monetize and grow their business investments.

Impact of EV Charging Management Software Platform Market

As electrification and electric vehicle adoption continue, government initiatives and policies for electric vehicles contribute significantly to the advancement of this vision. Over the last few decades, governments around the world have been attempting to find ways to reduce vehicle carbon dioxide emissions. The advancement of electric vehicle technology is a catalyst for reducing tailpipe emissions from ICE vehicles. Effective policies and regulations are being implemented to accelerate the global adoption of electric vehicles. These ongoing efforts by governments in various countries and areas facilitate the growth of electric vehicles, which is expected to boost the EV charging management software platform market and ensure better and cleaner air quality in the coming years.

China to Hold the Largest Share in EV Charging Management Software Platform Market  

Around the world, and particularly in China, the EV business is expanding quickly. The EV charging market is a vibrant one with numerous uses. The growth of EV charging management software platforms is greatly aided by government efforts in many different nations. China has the largest EV charging management software platform in the world, according to the latest data from the Electric Vehicle Charging Infrastructure in China.

Competitive Landscape

Major EV charging management software platform manufacturers are undertaking a variety of strategic efforts to gain market share.

The following are some key highlights in terms of major EV charging management software platform manufacturers:

  • Greenflux, Driivz, Virta, EVBox, and ChargePoint are some leading players globally.
  • NovaCharge, Etrel, Ampeco Ltd, and Blink Charging are some emerging companies.
  • Wallbox Chargers, S.L., InstaVolt, and AMPLY Power, Inc. are some of the key start-ups in the ecosystem.
  • Partnerships, collaborations, and joint ventures have been the most preferred strategies in recent years.
  • Product developments, mergers and acquisitions are the other strategies being implemented

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Analyst's Thoughts

According to Dhrubajyoti Narayan, Lead Analyst, BIS Research, “The EV charging management software platform is critical to business success because it meets the operational excellence and EV driver satisfaction requirements of EV charging operators. Furthermore, the right software platform allows operators to optimize energy management, bridging the mobility, and energy worlds for the greater good of the planet. The increasing popularity and ease of use of software and smartphone applications is one of the key factors driving the EV charging management software platform market over the forecast period. For instance, EVBox Charging Management Software tracks, manages, and optimizes the EV charging network by providing detailed information via their business portal to manage charging on the go via its EVBox Charge app.”


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