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The share of Low Speed Electric Cars sales will reach 11 percent by 2030, and the charging infrastructure will reach 40 million
- Aug 27, 2018 -

In its latest report, GTM Research estimates that  Low Speed Electric Cars will account for 11 per cent of total new car sales by 2030, up from about 3 per cent now.By comparison, bloomberg new energy finance said earlier this year that it expects  Low Speed Electric Cars to account for 28 percent of all new car sales by 2030.

Charging infrastructure

As the ev market grows, so does the ev charging infrastructure market.GTM Research said the global ev charging infrastructure will reach 40 million charging points by 2030.As a result of this massive infrastructure development, a range of stakeholders in the energy and grid operations business are working together and developing new business models to participate in this growing market.