The amount of investment indicates the ability to solve industry problems.
By the end of this year, total investments in vehicle charging installations and equipment will total $62 billion, up 228% over the previous year, according to Bloomberg NEF data.
Over 600,000 public chargers built in China account for 61% of total investment in 2022.
The amount of investment worldwide in 2023 will exceed $100 billion.
If China keeps up its relentless pace, total investment globally is anticipated to surpass $100 billion in 2023, a significant milestone that suggests the sector’s shift to a new stage in its life cycle.
According to Jigar Shah from the US Loan Program, “the invested capital of $100 billion implies the potential to fix the systemic challenges of the business and gives access to inexpensive capital, which is necessary to eventually achieve the scale of $1 trillion.”