EV charging revenue to exceed $300 Billion globally by 2027: Report
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The global electric vehicle (EV) charging revenue is likely to exceed $300 billion by 2027, up from $66 billion in 2023, a report showed on Tuesday. According to Juniper Research, the total number of plug-in vehicles will surpass 137 million globally by 2027, up from 49 million in 2023. As the adoption grows, "charging vendors must differentiate their services in a highly fragmented market," the report said.