2025 is shaping up to be a pivotal year for the EV and EV charger markets. While the past few years have seen significant growth, recent changes in federal policy and rising consumer uncertainty are creating a more volatile landscape. However, rebate programs continue to offer valuable opportunities for those who can navigate the shifting terrain effectively.
Since January of last year, there has been a 46% growth in Level 2 charing ports and an 83% increase in DCFC ports across the country. However, studies and surveys indicate that infrastructure still struggles to keep pace with demand. According to Cox Automotive, US new electric vehicle sales in January rose by 29.9% year over year.
Currently, 78% of the US is covered by an active program for EV chargers. This is a significant increase from the 60% coverage we saw in 2022 and 2023 and just shy of the 80% we saw last year. This growth in coverage is a positive sign for the continued support of EV infrastructure.
2025 will likely be a challenging year for the EV and EVSE industry, making rebates and incentives more important than ever. They play a huge role in the sales cycle and in making a solid business case for EV charger installations. These incentives typically cover a substantial part of the cost, making these investments more attractive in an early market.
As the designer and manufacturer of EV Charger, Qingdao Xingbang Group will seize the chance to enhance our product line and promote more oversea market this year.
Post time: Mar-15-2025