The global Charging as a Service (CaaS) market is projected to grow from USD 165.9 million in 2025 to USD 2,135.0 million by 2035, at a CAGR of 29.1%, driven by increasing EV adoption, government policies, infrastructure investments, and technological advancements. Regulations such as subsidies, emission targets, and mandatory charging stations boost market expansion, while private companies and public-private partnerships contribute to network development. Energy prices and grid capacity impact charging service costs and operations, with urban areas relying more on public and workplace charging due to limited parking. Businesses in logistics, ride-hailing, and corporate fleets demand fast, scalable solutions, while consumer preferences, flexible payment models, and advancements in battery and charging technologies further shape market growth.
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Auto-dealerships and OEM operated charging spaces to hold the significant share in semi-public charging setup segment.
OEM partnerships with Charge Point Operators (CPOs) and EV charging strategies for auto dealerships are driving the expansion of EV infrastructure. From 2021 to 2023, major OEMs formed key collaborations to enhance charging access. In July 2023, BMW, Mercedes-Benz, Honda, Hyundai, Kia, Stellantis, and GM announced a joint venture to build a high-power charging network in North America. Around the same time, Hyundai, Volvo, Polestar, GM, and Ford secured access to Tesla’s NACS Supercharger network, enabling their EVs to use Tesla’s charging infrastructure. Earlier in the year, Mercedes-Benz launched a charging network in collaboration with ChargePoint. In 2022, Hyundai expanded its Ionity partnership in Europe, GM integrated multiple CPOs into its Ultium Charge 360 network, and Rivian developed its Adventure Network alongside Electrify America. In December 2024, ChargePoint and General Motors announced plans to install up to 500 ultra-fast EV charging ports across the U.S. under the GM Energy brand. The network is expected to be operational by the end of 2025. Also, these chargers will feature ChargePoint’s Omni Port system, allowing vehicles with CCS or NACS connectors to charge without an adapter. The deployment will also include ChargePoint’s Express Plus platform, offering charging speeds up to 500kW.
“North America is expected to be the significant Charging as a Service market by 2035.”
Charging as a Service in North America is expanding due to investments in infrastructure, technology, and partnerships. The expansion of Charging as a Service in North America has improved EV accessibility, reduced charging downtime, and supported grid stability. OEMs and charging providers are adding high-power charging networks. For instance, in February 2024, Ionna, a joint venture by Mercedes-Benz, BMW, General Motors, Stellantis, Honda, Hyundai, and Kia, planned to install 30,000 high-power chargers in the region. Tesla is expanding its Supercharger network and has started opening it to non-Tesla EVs. ChargePoint and Electrify America continue to expand Level 2 and DC fast-charging stations. The launch of Ionna and the expansion of Tesla’s Supercharger network have increased the availability of high-power chargers, reducing range anxiety for EV owners. The decision to open Tesla Superchargers to non-Tesla vehicles has also improved interoperability, benefiting a wider range of EV users.
CPOs such as ChargeScape are backed by OEMs like Ford, Honda, BMW, and Nissan, to utilize the energy and supply power to the grid. Many CPOs are improving infrastructure through software and partnerships. For instance, Monta, a Danish software company, entered the U.S. market in 2024 to manage one million charging points. Further, Flo, a Canadian CPO, is expanding its North American presence with fleet, commercial, and residential charging solutions. Software-driven infrastructure management by Monta and Flo has optimized network reliability, ensuring better uptime for public and private charging stations. Also, Volta Charging, now owned by Shell, offers ad-supported public charging in high-traffic locations. Volta Charging’s ad-supported model has made public charging more cost-effective, encouraging EV adoption in urban areas.
Key Market Charging as a Service Industry:
Prominent players in the Charging as a Service Companies include as ChargePoint, Inc. (US), Tesla (US), ENGIE (France), TGOOD Global Ltd. (China), and State Grid Corporation of China (China).
This report provides insights on:
- The report will help market leaders/new entrants with information on the closest approximations of revenue and volume numbers for the overall charging as a service market and its subsegments.
- This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies.
- The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
- The report also helps stakeholders understand the current and future pricing trends of charging as a service.
