SCT EV DC charging system market to reach $23.7bn by 2029

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SCT EV DC charging system market to reach $23.7bn by 2029

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Due to the continual expansion of charging infrastructure and the coming need for infrastructure replacements, the emergence of electric vehicle direct current (EV DC) charging holds long-term market viability and presents a promising business venture for companies specializing in power electronics, reckons market analyst firm Yole Group. Meanwhile, alternating current (AC) chargers will persist alongside onboard chargers (OBCs) in vehicles until DC infrastructure becomes universally established, a process anticipated to take 10–15 years, says the firm in ‘DC Charging for Automotive 2024’, an update of its annual report...

Source: https://www.semiconductor-today.com/new ... 0424.shtml
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