Electric Vehicle Charging Apps Market Size, Share, Analysis, Trends, Growth, Forecasts, 2032

Electric Vehicle Charging Apps Industry Prospective:

The global electric vehicle charging apps market size was worth around USD 1.57 billion in 2023 and is predicted to grow to around USD 13.24 billion by 2032 with a compound annual growth rate (CAGR) of roughly 26.70% between 2024 and 2032.

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Electric Vehicle Charging Apps Market: Overview

Electric vehicle (EV) charging applications are designed for users of electric vehicles. They are modern tools that aid seamless EV usage. They are similar to other commercial applications, as the ultimate intent of the program is to ensure a hassle-free EV driving experience. They enable electric vehicle users to manage and control almost all EV-related tasks, including searching the nearest EV charging station, mapping routes, and initiating EV charging. Electric vehicle charging applications are becoming widely popular among EV users globally driven by the rising demand for battery-powered vehicles.

In addition to this, the market players are extensively working on delivering improved features such as bill planning and payments. The more advanced EV charging apps offer additional options such as leaving remarks or reviews about the charging station and reporting any technical or non-technical feedback. The growing need to further empower EV charging infrastructure worldwide will create more growth opportunities for the market players. However, the lack of standardization in the EV charging sector will impact the market growth rate.

Key Insights:

• As per the analysis shared by our research analyst, the global electric vehicle charging apps market is estimated to grow annually at a CAGR of around 26.70% over the forecast period (2024-2032)
• In terms of revenue, the global electric vehicle charging apps market size was valued at around USD 1.57 billion in 2023 and is projected to reach USD 13.24 billion by 2032.
• The electric vehicle charging apps market is projected to grow at a significant rate due to the growing number of EV users worldwide
• Based on the application, the battery electric vehicles segment is growing at a high rate and will continue to dominate the global market as per industry projection
• Based on the current type, the alternating current (AC) segment is anticipated to command the largest market share
• Based on region, Europe is projected to dominate the global market during the forecast period

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Electric Vehicle Charging Apps Market: Growth Drivers

Growing number of EV users worldwide will drive the market demand rate during the projection period

The global electric vehicle charging apps market is expected to grow due to the rising number of EV users worldwide. Electric vehicles are expected to assist the global automotive industry in reducing the environmental impact of business operations. EVs are powered by electric batteries and do not rely on traditionally-used fuel such as petrol, gas, or diesel for running. Consumers are becoming increasingly aware of the environmental and long-term benefits of investing in electric vehicles. In addition, the surge in incentives offered by regional governments to EV makers and consumers has further benefited the market.

For instance, the US offers tax credits of up to $7,500 for eligible electric vehicles. In May 2024, Volkswagen Group announced a new project to bring more affordable all-electric vehicles to the European market. The new vehicles are expected to make their debut by 2027. The adoption of electric vehicles across public transport solutions has also prompted. For instance, the Indian Union Budget for 2024-2025 allotted Rs. 2,671.33 cr. to the  Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme. The budget also highlights the need for a Production Linked Incentive (PLI) scheme for producers of auto components and automotive for 2024-2025. Such positive strides worldwide toward greater production and use of EVs will fuel demand for supporting applications.

Electric Vehicle Charging Apps Market: Restraints

Lack of standardization in the EV charging sector will restrict the market expansion rate

The EV charging industry worldwide lacks governance using standardized policies. The EV charging sector is an emerging market that lacks the presence of standardized protocols, policies, laws, and regulations. Each country and region has a specific framework governing the development of electric vehicles and supporting infrastructure. Market research indicates that EV users generally face problems with incompatibility of charging sockets and plugs, dynamic current and voltage levels, and varying payment methods. The absence of universally applicable solutions in the global electric vehicle charging apps market may impact the growth trend during the projection period.

Electric Vehicle Charging Apps Market: Opportunities

Ongoing investments in the development of new applications will create expansion possibilities for the market players

The global industry for electric vehicle charging apps is expected to generate more growth opportunities due to the rising number of advanced solutions available in the market. Businesses operating in the EV-related industries are actively investing in new systems that offer comprehensive performance and deliver improved user experience. For instance, in August 2024, Tata Motors, a leading player in the global automotive space, announced the launch of the iRA Charge Point Aggregator App. The tool is designed to help EV owners locate available charging points from more than 13,000 points across India. The iRA application works in coherence with the Connected Car app owned by Tata Motors.

Through digital solutions, the company plans to tackle range anxiety often faced by EV users. In September 2024, Allego (ALLG), a Netherlands-based provider of EV charging solutions, announced the full network roll-out of the novel Plug & Charge technology. The innovation system is expected to eliminate the use of bank cards, Radio Frequency Identification cards, and mobile apps, thus improving the EV driving experience. The use of Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT) in developing more engaging applications may also act as a critical market influencer in the coming years.

Electric Vehicle Charging Apps Market: Challenges

Safeguarding user data privacy and preventing online cybercrimes will be challenging for the industry players

The global electric vehicle charging apps market is subject to growing vulnerabilities in the digital world in the form of rising cybercrimes. EV charging apps are susceptible to cybercrimes like other digital tools. Unless market players can develop highly secure applications for EV charging, consumers will continue to be concerned about adopting the new systems. Other challenges may include a lack of acceptance toward change, hesitancy toward adding multiple applications on smart devices, and surging cases of ‘app fatigue’.

Electric Vehicle Charging Apps Market: Segmentation

The global electric vehicle charging apps market is segmented based on application, type, and region.

Based on the application, the global market segments are plug-in hybrid electric vehicles and battery electric vehicles. In 2023, the highest demand was observed in battery electric vehicles. These automotives run entirely on electric batteries and must be charged at all times. The growing number of battery electric vehicle adopters worldwide is fueling the segmental demand. It is further affected by the rising fuel prices making more consumers shift toward electric vehicles. Plug-in hybrid electric vehicles are equipped with dual technologies. They work as a combination of electric batteries and internal combustion engines. According to market research, the US registered a sale of over 1.5 billion EVs in 2023.

Based on the current type, the global market divisions are alternating current (AC) and direct current (DC). In 2023, the highest growth was registered in the alternating current (AC) segment due to the widespread availability of AC charging facilities at the majority of charging stations globally. They are easy to install and more cost-effective. However, the growing demand for fast-charging solutions is expected to deliver higher investments in the DC segment over the forecast period. An electric car with a 60kWh battery takes around 30 minutes to charge from empty to full.

Electric Vehicle Charging Apps Market: Report Scope

Electric Vehicle Charging Apps Market: Regional Analysis

Europe is expected to deliver the highest revenue during the forecast period

The global electric vehicle charging apps market is expected to be led by Europe during the forecast period. The regional market demand will be driven by Europe’s progressive approach toward reducing the consumption of environmentally devastating products and materials. The European automotive industry is proactively inching toward developing the regional EV industry. By 2050, the European Union is envisioned to become the first climate-neutral continent with net-zero greenhouse gas emissions. Along with other industries, the regional EV sector is expected to emerge as a key contributor in helping Europe achieve its vision. The growing launch of more affordable EV vehicles will result in additional new customers in the coming years.

According to market research, the total annual investment in Europe’s EV sector was over €149.9 billion in 2023. The regional market will further benefit from the surge in the number of EV charging applications with advanced features. In February 2024, Belgium witnessed a new collaboration between Last Mile Solutions and Mastercard for a fresh collaboration to develop payment standards for the EV charging industry. Such innovative steps to improve consumer experience are likely to fuel higher regional demand.

Electric Vehicle Charging Apps Market: Competitive Analysis

The global electric vehicle charging apps market is led by players like:

• Blink Charging
• Volta Charging
• Tesla
• SemaConnect
• Electrify America
• ChargePoint
• Ionity
• Shell Recharge
• ChargeMap
• EVgo
• EV Connect
• PlugShare
• Greenlots
• Flo and BP Pulse.

The global electric vehicle charging apps market is segmented as follows:

By Application

• Plug-In Hybrid Electric Vehicles
• Battery Electric Vehicles

By Current Type

• Alternating Current (AC)
• Direct Current (DC)

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa