• Login
AutoEVTimes
  • Home
  • News
    • India EV News
    • International EV News
    • Latest EVs India
    • Latest EVs International
    • Policy
  • EV Tech
    • Autonomous Driving
    • Battery Technology
    • Charging Station
    • Drive Systems
  • EV Products
    • ADAS
    • Automotive Lighting
    • Automotive Motors
  • Editor’s Desk
    • Research
    • Interview
    • Articles
    • Startup
    • Events
No Result
View All Result
HealthNews
No Result
View All Result
Home EV Tech Charging Station

Wireless EV Charging Market Set to Hit $12.4B by 2033

Aditi Singh by Aditi Singh
February 7, 2025
in Charging Station
0
EV Charging Market
0
SHARES
10
VIEWS
Share on FacebookShare on Twitter

The global wireless electric vehicle (EV) charging market is expected to soar to $12.4 billion by 2033, according to a recent report from Allied Market Research. The market is anticipated to grow at a robust compound annual growth rate (CAGR) of 38.6%, up from $0.466 billion in 2023.

Key factors driving this expansion include the increasing adoption of electric vehicles, rapid advancements in charging technology, and a surge in investments in smart infrastructure. The shift towards sustainable mobility solutions and efforts to reduce carbon emissions are also contributing to market growth. However, high capital costs and stringent regulations pose challenges to the sector’s development.

Passenger cars will remain the dominant segment, accounting for a significant portion of the market, driven by government incentives and innovations in wireless charging technology. Additionally, there is growing demand for retrofitting existing EVs with wireless charging systems, further boosting the aftermarket segment.

The home charging market is expected to lead throughout the forecast period, with 60% of the market share in 2023. This growth is fueled by consumer demand for convenient and private charging options, alongside supportive government incentives for home installations.

Leading companies such as WiTricity, Evatran, HEVO, and Bosch are at the forefront, advancing technology to improve efficiency, reduce charging times, and enhance user convenience in the wireless EV charging space.

Tags: Allied Market Researchcharging marketcharging technologyElectric VehicleEV newsev times
Previous Post

FlixBus India Marks First Anniversary with Electric Bus Launch

Next Post

VinFast Strengthens Trust in EVs with Industry-Leading Warranties

Aditi Singh

Aditi Singh

Next Post
EVs with Industry

VinFast Strengthens Trust in EVs with Industry-Leading Warranties

Recommended Stories

EV charging cables

Electric Vehicle Charging Cables Market Size to Surge USD 17.30 billion by 2034

May 9, 2025
Microchip partnership

Microchip Partners with Nippon Chemi-Con and NetVision

July 3, 2025
Electric powertrain market

Electric Powertrain Market to Grow USD 463.49 Billion by 2034

June 9, 2025

Popular Stories

  • Patanjali EV

    Patanjali Enters EV Market with Affordable Electric Scooter

    0 shares
    Share 0 Tweet 0
  • Ola Launches S1 X Scooters with 190km Range, Warranty

    0 shares
    Share 0 Tweet 0
  • Vaisala Leverages Weather Data to Enhance Electric Vehicle Range

    0 shares
    Share 0 Tweet 0
  • Maruti Suzuki Unveils Alto Electric at ₹4 Lakh, Promises 560km Range

    0 shares
    Share 0 Tweet 0
  • ZELIO E Mobility Powers Ahead with New Plant and EV Innovations

    0 shares
    Share 0 Tweet 0
AutoEVTimes

AutoEV Times provides the latest Electric Vehicles News, EV Business, EV Products etc from around the world.

Recent Posts

  • Electric Vehicle Market Size to Attain USD 2,529.10 Billion by 2034
  • Panasonic Delays U.S. EV Battery Plant Plans Amid Tesla Slump
  • EU Launches TALISSMAN Project to Advance Lithium–Sulphur EV Batteries

Categories

  • ADAS
  • Articles
  • Automotive Electronics
  • Automotive Lighting
  • Automotive Motors
  • Autonomous Driving
  • Battery Technology
  • Charging Station
  • Drive Systems
  • EV Products
  • EV Tech
  • India EV News
  • International EV News
  • Interview
  • Latest EVs India
  • Latest EVs International
  • News
  • Policy
  • Research
  • Road Safety
  • Startup
  • Uncategorized
  • Contact Us
  • Events
  • Front
  • Guest Post Guidelines
  • Home
  • Privacy Policy
  • Sample Page
  • Terms of Service

© 2016 - 2024 AutoEV Times | All Rights Reserved.

No Result
View All Result
  • Contact Us
  • Events
  • Front
  • Guest Post Guidelines
  • Home
  • Privacy Policy
  • Sample Page
  • Terms of Service

© 2016 - 2024 AutoEV Times | All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In