BASINGSTOKE, England, Feb 14 (Bernama-BUSINESS WIRE) — A new Juniper Research study has found that spend on EV charging at home will exceed $16 billion globally in 2026; up from $3.4 billion in 2021. This rapid growth in excess of 390% over the next 5 years is being driven by the lower cost and convenience of home charging for EVs, rather than using costly and frequently inconvenient public charging networks.
Lack of access to home charging for urban residents is a major issue, but given EVs are currently high cost, the likelihood is that users will have access to off-street parking. The research recommended that home charging vendors and automotive manufacturers form partnerships to make home charging central to future EV transitions; given the fragmented availability and high costs of public charging networks.
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