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Global investment in electric vehicle charging approaches $100 billion mark

Cumulative investment globally probably will pass the $100 billion mark in 2023 if China keeps up its relentless pace

electric vehicles
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Ryan Fisher | Bloomberg
BloombergNEF recently released its updated Zero-Emission Vehicles Factbook, which estimates cumulative investment in EV charging hardware and installation will reach $62 billion at the end of this year, with $28.6 billion having been invested just in 2022, up 228% from the year before. Of the total investment in 2022, 61% is attributed to more than 600,000 public chargers built in China.
 
Cumulative investment globally probably will pass the $100 billion mark in 2023 if China keeps up its relentless pace. It’s a milestone that hints at the transition to a new phase of the EV charging sector lifecycle. As Jigar

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