EV infrastructure: More than 200 million charging ports expected by 2040
Annual EV infrastructure spend could reach US$300 billion by 2040.
The number of electric vehicle (EV) charging ports globally is expected to grow at an annual rate of 12.3% over the next 15 years – reaching 206.6 million ports by 2040.
This is according to analysis published this week by Wood MacKenzie, which also forecasts an 8% annual increase in EV infrastructure spend from 2026 to 2040, reaching US$300 billion by the end of the next decade.
