Overview

• Wood Mackenzie projects a 12.3% compound annual growth rate from 2026 to 2040, with annual infrastructure spending rising about 8% to a $300 billion market.
• Residential charging remains the backbone, adding roughly 133 million ports as Level‑2 units account for about two‑thirds of global installations through 2050.
• In the United States, public DC fast charging is set to grow about 14% annually to roughly 475,000 ports and $3.3 billion in yearly market value by 2040.
• Policy and investment drive regional divergence: China and Asia‑Pacific lead fast charging, and India’s DC network is projected to expand from about 14,000 today to around 1.1 million by 2040.
• Despite U.S. policy shifts, Wood Mackenzie says the market remains resilient, with new federal NEVI guidance issued on August 11 to streamline fast‑charger rollouts.