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MUMBAI, 13 July 2023: The Netherlands EV Charging Equipment market is expected to reach USD 1.8bn by 2027, according to a new report by Ken Research. The market is being driven by the increasing adoption of electric vehicles in the country, as well as government policies that are supporting the development of EV charging infrastructure.
In 2022, Tesla Inc and Volkswagen were the two leading OEMs in the Netherlands EV market, with Tesla accounting for the majority of registrations. The government’s goal of making all new vehicles zero emission by 2030 is also expected to boost demand for EV charging equipment in the country.
However, there are some challenges that could slow the growth of the market. These include the high costs of installation and maintenance, as well as the lack of EV drivers in comparison to the number of charging stations.
Despite these challenges, the Netherlands EV Charging Equipment market is expected to grow at a CAGR of 12% from 2022 to 2027. The market is expected to be driven by the increasing adoption of electric vehicles, as well as government policies that are supporting the development of EV charging infrastructure.
Key Market Drivers
- Increasing adoption of electric vehicles in the Netherlands
- Government policies that are supporting the development of EV charging infrastructure
- Growing demand for EV charging equipment from commercial and industrial sectors
Key Market Challenges
- High costs of installation and maintenance
- Lack of EV drivers in comparison to the number of charging stations
- Lack of awareness about the benefits of EV charging equipment
Market Segmentation
The Netherlands EV Charging Equipment market is segmented as below:
- By type of vehicle: 4-wheeled vehicles and 2-wheeled vehicles
- By type of application: public charging stations, home chargers, private charging stations, and portable chargers
- By type of charger: AC chargers and DC chargers
- By type of charging station: public charging stations, semi-public charging stations, and private charging stations
Regional Outlook
The Netherlands EV Charging Equipment market is expected to be dominated by the Western region, followed by the Southern and Eastern regions. The Northern region is expected to witness the slowest growth during the forecast period.
Competitive Landscape
The Netherlands EV Charging Equipment market is moderately consolidated, with a few leading players accounting for a significant share of the market. The key players in the market include Allego, EV Box, and Tesla.
Key Developments
- In 2022, the Dutch government announced a plan to invest USD 112m (€100m) in the development of EV charging infrastructure.
- In 2023, the number of public charging stations in the Netherlands is expected to reach 100,000.
- In 2024, the Dutch government plans to ban the sale of new petrol and diesel cars.
Conclusion
The Netherlands EV Charging Equipment market is expected to grow at a CAGR of 12% from 2022 to 2027. The market is being driven by the increasing adoption of electric vehicles in the country, as well as government policies that are supporting the development of EV charging infrastructure.
