The country is witnessing continuous demand growth for electric vehicles. Around 0.31 million new light EVs were registered in the US in the year 2021, up from 0.23 million units in 2020. As a result, market players from various regions are devising strategies to expand their operations in the US market to secure a piece of the lucrative industry.
Biden’s Administration Intends to Deploy EV Chargers Across the U.S to Facilitate Easy Transition from Fossil-fueled Transportation to EV Vehicles
US President Joe Biden is envisioning the US as the global leader in the electric vehicle industry and implementing strategies to develop a strong infrastructure for EV vehicles in the country. The government envisions electric vehicles to account for 50% of all vehicles sold in the United States by 2030.
Growing sales of electric vehicles in the US signifies the growing demand for EV chargers in the country. The US government's vision for the EV industry represents a $7.5 billion opportunity. The Market players are making strategies to take a slice of the prevailing growth opportunities.
Finland Based Kempower Oyj Intends to Boost EV Charger Sales in the US by the End of 2023
The Finland-based EV charger maker is developing strategies to target the U.S market. The company has initiated its expansion strategy in the US by hiring a new sales team. Furthermore, the company is aiming to begin sales in the US by the end of 2023.
Unlike many of its competitors, Kempower manufactures fast EV chargers that allow multiple vehicles to plug into a single system. This feature of Kempower’s EV charger is anticipated to provide it with a competitive edge in the US market, resulting in higher sales and profits for the company.
Germany
Japan
Netherlands
United States of America
Germany
Germany
South Korea
China
United States of America
Germany
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer