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Electrifying the Future: USA EV and EV Charging Market to Surge to $1 Trillion by 2026: Ken Research

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GURUGRAM, India, Feb. 15, 2024 /PRNewswire/ — Buckle up, America. The electric vehicle (EV) revolution is gaining momentum, and the USA EV and EV charging equipment market is poised for an electrifying journey. Ken Research’s “USA EV and EV Charging Equipment Market” report predicts a staggering 74.7% CAGR, propelling the market size to a colossal $1 trillion by 2026. This press release unveils the key drivers, challenges, and exciting prospects shaping this transformative landscape. 

Market Overview: Shifting Gears towards Sustainability and Innovation 

Beyond simply offering cleaner transportation options, the US EV and EV charging market plays a crucial role in reducing carbon emissions, combating climate change, and fostering energy independence. In 2022, the market reached a size of $115 billion, and it’s on track for exponential growth, driven by: 

Government Policies: Stringent emission regulations, tax incentives, and infrastructure investments are accelerating EV adoption. Falling Battery Costs: Advancements in battery technology are making EVs more affordable and accessible. Growing Environmental Awareness: Consumers are increasingly prioritizing sustainability, driving demand for EVs. Expanding Charging Infrastructure: The rapid deployment of charging stations is mitigating range anxiety and boosting consumer confidence. 

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Market Segmentation: Diverse Needs, Tailored Solutions 

The report delves into the diverse segments of the US EV and EV charging market, offering a comprehensive view: 

EV Types: Passenger cars dominate the market (80%), followed by light commercial vehicles (15%) and heavy-duty vehicles (5%). The demand for all segments is expected to rise. Charging Solutions: Level 2 chargers hold the largest share (60%), followed by DC fast chargers (25%) and Level 1 home chargers (15%). The mix is expected to shift towards faster charging solutions. End-User Industry: Personal use leads the demand (70%), followed by commercial fleets (20%) and government agencies (10%). Public charging infrastructure is crucial for all segments. 

Competitive Landscape: Global Giants & Local Innovators Lead the Charge 

The market features a blend of established global players, regional leaders, and innovative startups: 

Global Leaders: Tesla, Volkswagen, and Ford are major players in the EV segment, while ABB, Siemens, and Charge Point dominate the charging equipment market. Regional Champions: Rivian and Lucid Motors are making waves in the luxury EV segment, while EVgo and Blink Charging are expanding their charging networks. Emerging Challengers: Innovative startups like NIO and Faraday Future are entering the market with unique offerings and disruptive technologies. 

Challenges: Navigating the Roadblocks to Electrification 

Despite the promising outlook, some challenges need to be addressed: 

High upfront cost of EVs: While battery costs are decreasing, EVs remain more expensive than gasoline-powered vehicles for some consumers. Limited charging infrastructure: Range anxiety remains a concern, especially in rural areas and long-distance travel scenarios. Grid integration challenges: Integrating a growing number of EVs into the grid requires robust infrastructure and smart charging solutions. Supply chain disruptions: Shortages of critical materials and semiconductors can impact EV and charging equipment production. 

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Future Outlook: A Brighter Horizon Powered by Innovation & Collaboration 

The US EV and EV charging market is poised for continued growth, driven by several exciting factors: 

Technological Advancements: Advancements in battery technology, autonomous driving, and connected car technologies will further improve EV performance and appeal. Focus on Sustainability: Continued investments in renewable energy and green manufacturing practices will make EVs even more environmentally friendly. Public-Private Partnerships: Collaboration between government agencies, utilities, and private companies will accelerate charging infrastructure deployment. Improved Consumer Awareness: Educational campaigns and targeted incentives will address range anxiety and encourage wider EV adoption. 

Key Takeaways for Stakeholders: 

This report offers valuable insights for various stakeholders in the US EV and EV charging market, including: 

EV Manufacturers: Focusing on improving affordability, range, and charging speed, while investing in innovative technologies and expanding partnerships. Charging Equipment Providers: Addressing infrastructure gaps, developing faster charging solutions, and collaborating with utilities and grid operators. Investors: Assessing investment opportunities in promising segments like charging infrastructure, battery technology, and innovative EV startups. Policymakers: Formulating policies that incentivize EV adoption, invest in charging infrastructure, and promote grid modernization. Consumers: Gaining insights into the diverse range of EVs and charging options available, making informed choices based on their needs, and contributing to a cleaner and more sustainable future. 

Conclusion: Electrifying a Sustainable and Accessible Future 

The USA EV and EV charging market stands on the precipice of an electrifying transformation, driven by a confluence of environmental concerns, technological advancements, and government support. By overcoming challenges like affordability, infrastructure gaps, and grid integration, the sector can unlock its full potential, paving the way for a cleaner, more sustainable future for transportation. This transformation will not only benefit businesses and investors but also empower American citizens to embrace new, eco-friendly modes of transportation, ultimately leading to a greener and more sustainable nation. Navigating these opportunities and overcoming challenges will determine whether the USA can truly solidify its position as a global leader in the EV revolution, leaving a lasting legacy for generations to come.

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Taxonomy

USA EV Market Segmentation

By Type of EV

2-Wheeler

4-Wheeler

By End-Use

Private use

Commercial Use

By 2-Wheeler Type

E-Scooter

E-Motorcycle

By Technology

Removable Battery

Non-Removable Battery

By Battery Type

Lead Acid

Lithium Ion

By Battery Capacity

25 Ah

By Voltage Type

24V

36V

48V

60V

72V

By Vehicle Class of EV

Low-Priced (< $50,000)

Mid-Priced ($50,000$1,00,000)

Luxury (> $1,00,000)

By EV Propulsion

BEV – Battery Electric Vehicle

PHEV – Plug-In Hybrid Electric Vehicle

HEV – Hybrid Electric Vehicle

USA EV Charging Equipment Market Segmentation

By Type of Charger

Fast Charger (DC)

Slow Charger (AC)

By Application

4-Wheelers

2-Wheelers

By Distribution Channels

Direct Sales

Distribution (Wholesale)

Others

By Source of Manufacturing

Imported

Domestic Manufacture

Domestic Assembly

By Type of Application

Home Charging

Private Charging Stations

Public Charging Stations

Portable Chargers

By Major Regions

North-East

South-West

West

South-East

Mid-West

For More Insights On Market Intelligence, Refer To The Link Below: –

USA EV & EV Charging Equipment Market

Related Reports by Ken Research: –

Global E-Bike Market Outlook to 2027 Driven by increase in fuel cost & rising customer preference

The market will grow at a CAGR of 10.3% during 2022-2027 due to increase in fuel cost & rising customer preference Europe is expected to become one of the leading regional segments in the upcoming years. The market is expected to reach over $ 110 Bn by 2030.

Global Electric Motor Market Outlook to 2027 Segmented by Motor Type (AC and DC), By Voltage Type (Less Than 1 kV , Between 1 kV – 6 kV , Higher Than 6 kV), by Application( Commercial and Residential), By Geography ( Europe, Asia –Pacific, Latin America, Middle East and Africa

According to Ken Research estimates, the Global Electric Motor Market is driven by rising prices of crude oil, need for more renewable source of energy. Thus, along with the Global concern for pollution, it is driving the demand for Global Electric Motor market. To minimize greenhouse gas emissions and encourage the use of renewable energy technology, governments throughout the globe have put strict laws into place.

Netherlands EV Charging Equipment Market Outlook to 2027 Driven by Rising Demand for Eco-friendly Transport and Strong Government Policies and Incentives

According to Ken Research estimates, the Netherlands EV Charging Equipment Market is at growing stage and market is supported by many EV equipment manufacturers, charging network, suppliers and installers. Market has high scope and growth is driven by rising EV adoption with rapid urbanization and technological advancements along with government initiatives & policies.

UK EV Charging Equipment Market Outlook to 2027 Driven by Rising Demand for Eco-friendly Transport and Strong Government Policies and Incentives

According to Ken Research estimates, the UK EV Charging Equipment Market is at growing stage and market is supported by many EV equipment manufacturers, charging network, suppliers and installers. Market has high scope and growth is driven by rising EV adoption with rapid urbanization and technological advancements along with government initiatives & policies.

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Contact Us:-
Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
Ankur@kenresearch.com
+91-9015378249

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RSPO Launches New Guidance to Leverage Sustainable Palm Oil Certification for IFRS® Sustainability Disclosure Standards

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KUALA LUMPUR, Malaysia, July 23, 2026 /PRNewswire/ — The Roundtable on Sustainable Palm Oil (RSPO) has released a guidance document, “Leveraging RSPO Principles and Criteria for IFRS® Sustainability Disclosure Standards”. This new resource supports certified sustainable palm oil producers to align their sustainability practices with the IFRS S1 and IFRS S2 disclosure standards that serve as the global framework for reporting sustainability-related financial information.

As more than 30 jurisdictions, representing around 60% of global GDP, move towards adoption of the IFRS Sustainability Disclosure Standards (IFRS SDS), companies are increasingly required to disclose how sustainability-related risks and opportunities affect their financial position and prospects.1

This resource provides a practical pathway for palm oil producers to respond to these requirements by leveraging their existing compliance with the RSPO Principles and Criteria (P&C), without duplicating efforts or creating parallel systems.

Informing investor-relevant disclosures: A four-step approach

Certification and the IFRS SDS serve different purposes. This guidance, developed with support from PwC Malaysia, provides a practical bridge between operational sustainability practices and financial disclosure expectations by helping members translate certification-related topics, metrics, and evidence to inform investor-relevant disclosures.

It sets out a four-step approach to IFRS SDS-aligned reporting, guiding RSPO Members on applicability, reporting boundaries, identification of sustainability-related risks and opportunities, and links to financial performance. It also includes seven practical examples, illustrating how the RSPO P&C requirements and implementation evidence can inform disclosures across key sustainability topics, from ethical conduct and legal compliance to environmental protection and worker health and safety.

Beyond growers, the guidance document also supports financial institutions by helping banks, insurers, and investors understand how palm oil sustainability issues, such as labour disputes and traceability gaps, can translate into financial risks, impacts, and opportunities, enabling clearer risk profiling and more informed financing decisions.

Joseph D’ Cruz, RSPO Chief Executive Officer, said: “As sustainability reporting becomes an integral pillar of financial performance, this guidance bridges certification and disclosure, providing RSPO members with a practical framework to demonstrate sustainability performance in ways that resonate with global capital markets. In line with the growing importance of sustainability disclosures in financing and investment decision-making processes, this guidance illustrates how RSPO Principles and Criteria practices can complement an organisation’s strategy and risk assessment processes.”

Andrew Chan, Partner, Sustainability Leader at PwC Malaysia, said: “This guidance responds to the broader shift towards measuring sustainability through a financial lens, with the adoption of the IFRS Sustainability Disclosure Standards (IFRS S1 and IFRS S2). For RSPO growers, this creates an opportunity to demonstrate how sustainability practices contribute to business resilience as well as value creation — building investor confidence for the long term.”

Importantly, the guidance also reflects RSPO’s longer term interest in progressively strengthening linkages with sustainability disclosure frameworks. As disclosure expectations continue to evolve, RSPO intends to further explore how certification-related data metrics and assurance processes can support broader and more integrated sustainability disclosures in the future.

The Guidance Document can be downloaded here.

For more information, visit www.rspo.org 

About RSPO:
The Roundtable on Sustainable Palm Oil (RSPO) is a global partnership to make palm oil sustainable. Formed in 2004, the RSPO is a multi-stakeholder non-profit organisation that unites members from across the palm oil value chain, including oil palm producers, palm oil processors and traders, consumer goods manufacturers, retailers, banks and investors, environmental or nature conservation non-governmental organisations (NGOs), and social or developmental NGOs.

As a partnership for progress and positive impact, the RSPO facilitates global change to make the production and consumption of palm oil sustainable. To inspire change, we communicate the environmental and social benefits. To make progress, we catalyse collaboration. To provide assurance, we set the standards of certification.

The RSPO is registered as an international association in Zurich, Switzerland, with main offices in Malaysia and Indonesia, and offices in China, Colombia, Netherlands, United Kingdom and the United States. 

About PwC:
At PwC, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We’re a tech-forward, people-empowered network with more than 364,000 people in 136 countries and 137 territories. Across audit and assurance, tax and legal, deals and consulting, we help clients build, accelerate, and sustain momentum. Find out more at www.pwc.com

1

IFRS Foundation, ISSB Podcast February 2025

 

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SOURCE Roundtable On Sustainable Palm Oil

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Nordic Capital announces agreement to sell ArisGlobal to Dassault Systèmes, following its transformation into a scaled and AI-enabled life sciences platform

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WALTHAM, Mass., 23 July 2026 /PRNewswire/ — Nordic Capital today announced that it has entered into a definitive agreement to sell ArisGlobal, a leading provider of software to the life sciences industry, to Dassault Systèmes (Euronext Paris: FR0014003TT8) (Paris: DSY.PA). The transaction represents a full exit for Nordic Capital and marks the successful culmination of a partnership that has transformed ArisGlobal into a scaled, cloud-native and AI-enabled platform serving more than 200 life sciences companies, CROs and government health authorities worldwide.

Founded in 1989 and headquartered in Waltham, Massachusetts, ArisGlobal develops and delivers regulatory, safety, and quality software to a global client base that includes many of the world’s largest pharmaceutical and biotech organisations, as well as regulatory authorities. Its flagship LifeSphere® platform is a fully integrated, cloud-native suite that enables life sciences organisations to manage complex regulatory submissions, pharmacovigilance workflows and clinical data on a single platform, improving compliance, speed and operational efficiency. The platform also embeds advanced AI-enabled automation across core pharmacovigilance workflows, reducing manual processing and accelerating safety case management.

“Nordic Capital invested in ArisGlobal because the business had strong fundamentals, a loyal blue-chip client base and significant potential to modernise its technology and scale its commercial reach. Working closely with Aman and his team, Nordic Capital has supported the company’s transformation into a leading cloud-native platform for the life sciences industry with differentiated AI-enabled capabilities and a strengthened market position. Nordic Capital is proud of what has been achieved together with management and looks forward to seeing the company continue to grow under Dassault Systèmes ownership,” said Daniel Berglund, Partner and Head of Healthcare, Nordic Capital Advisors.

Nordic Capital first invested in ArisGlobal in 2019, partnering with the founding family and management team to pursue an ambitious development strategy. In 2021, Nordic Capital made a further investment in the company, reflecting its conviction in ArisGlobal’s growth potential and the progress achieved since the original partnership began. Throughout the ownership period, Nordic Capital worked closely with management to accelerate the SaaS transition, professionalise the go-to-market organisation, broaden the product offering and strengthen the leadership team.

The migration to a modern, cloud-native architecture created the foundation for ArisGlobal to become an early leader in the application of AI to drug safety. A key milestone was the development and launch of NavaX, ArisGlobal’s generative AI solution for safety case processing, which automates and accelerates core pharmacovigilance workflows and has been adopted by a number of the world’s leading pharmaceutical companies. NavaX has further differentiated ArisGlobal’s offering and marked an important step in the Company’s evolution into a broader, AI-enabled safety and regulatory software platform.

“The life sciences industry is at an inflection point as regulatory complexity is increasing, data volumes are growing and our clients need software that can keep pace. The partnership with Nordic Capital gave us the resources and the runway to build exactly that. NavaX and our expanded platform are the result of that ambition, and I am confident we are well placed for what comes next,” said Aman Wasan, CEO, ArisGlobal.

Alongside its technology transformation, ArisGlobal strengthened its management team and commercial organisation, while two strategic acquisitions broadened the Company’s platform capabilities. Today, ArisGlobal serves more than 200 enterprise customers, including half of the world’s top 50 biopharma companies, processes more than 12 million safety cases annually and is expected to generate approximately USD 175 million in revenue in 2026. As rising regulatory complexity and increasing volumes of adverse event reporting continue to drive demand for advanced life sciences software, ArisGlobal is well positioned for future growth through solutions that automate compliance workflows, reduce manual processing and enable organisations to manage regulatory risk more effectively.

The transaction brings together ArisGlobal’s leadership in AI-enabled safety and regulatory software with Dassault Systèmes’ capabilities across research, clinical development and manufacturing. Nordic Capital believes the combination represents a highly compelling strategic fit, pairing complementary capabilities to create a broader, end-to-end offering across the life sciences value chain. ArisGlobal will also benefit from Dassault Systèmes’ global scale, customer reach and investment capacity, providing a strong platform for its next phase of innovation and growth.

The transaction is subject to customary regulatory approvals and is expected to close in the second half of 2026.

Evercore and Jefferies LLC acted as financial advisors to ArisGlobal and Kirkland & Ellis acted as legal advisor to ArisGlobal.

Media contacts:

Nordic Capital
Katarina Janerud
Communications Manager, Nordic Capital Advisors
+46 8 440 50 50
katarina.janerud@nordiccapital.com

ArisGlobal
Morgan Scott
Vice President, Marketing & Communications and Chief of Staff
mscott@arisglobal.com

About ArisGlobal

ArisGlobal is a leading provider of software to the life sciences industry. Its LifeSphere® platform delivers integrated regulatory, safety, and quality solutions to more than 200 life sciences companies, CROs and government health authorities worldwide. Founded in 1989 and headquartered in Waltham, Massachusetts, ArisGlobal combines deep domain expertise with advanced technology to help clients improve compliance, accelerate development cycles and manage regulatory complexity at global scale. For more information, visit www.arisglobal.com.

About Nordic Capital

Nordic Capital is a leading international private equity investor and subsector specialist dedicated to building stronger, more resilient businesses through transformative, long-term growth in partnership with management teams. With over 35 years of experience, Nordic Capital currently manages approximately EUR 39 billion in assets, investing in middle-market companies across Northern Europe and North America. Rooted in its Nordic heritage and values, it combines global reach with local presence through dedicated sector investment advisory teams, bringing deep expertise across its core sectors: Healthcare, Technology & Payments, Financial Services, and Services & Industrial Tech. Through active ownership, strong operational capabilities, a global network of experts and technology-enabled transformation, Nordic Capital helps companies scale, innovate and become sustainable leaders. For more information, visit www.nordiccapital.com or connect on LinkedIn.

“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures, and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”.

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Cognizant and Gulf Edge Announce Strategic Partnership to Accelerate Enterprise AI Adoption in Southeast Asia

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Partnership combines Cognizant’s global AI engineering capabilities with Gulf Edge’s sovereign digital infrastructure to capture the region’s growing demand for secure, scalable AI solutions.

BANGKOK, July 23, 2026 /PRNewswire/ — Cognizant (Nasdaq: CTSH), a leading AI builder and global technology services provider, and Gulf Edge Company Limited, the digital infrastructure arm of Thai energy and infrastructure conglomerate Gulf Development Public Company Limited (GULF) or Gulf Group, today announced a landmark strategic partnership. The alliance is designed to accelerate enterprise AI adoption and establish a resilient, AI-native digital economy in Thailand and the broader region.

As artificial intelligence (AI) rapidly reshapes industries, economies, and societies worldwide, the partnership aims to establish the foundational ecosystem needed to enable Thailand’s next phase of digital transformation. By combining trusted sovereign digital infrastructure with world-class AI engineering and enterprise transformation capabilities, Gulf Edge and Cognizant will help organizations deploy AI securely, responsibly, and at scale.

The collaboration brings together Gulf Edge’s leadership in digital infrastructure, energy, cloud, and strategic relationships across Thailand’s most important industries with Cognizant’s global expertise in AI, digital engineering, cloud modernization, data, and intelligent operations. Together, the two companies will deliver end-to-end AI capabilities spanning infrastructure, AI platforms, enterprise solutions, systems integration, and managed services.

The partnership will initially focus on accelerating AI adoption across key sectors including banking and financial services, energy and utilities, healthcare, telecommunications, manufacturing, and the public sector. Through industry-specific AI solutions, organizations will be able to improve operational efficiency, enhance customer experience, strengthen decision-making, automate complex business processes, and unlock new opportunities for innovation and growth.

Beyond enterprise transformation, Gulf Edge and Cognizant share a broader ambition of strengthening Thailand’s position as a regional AI hub. The partnership is expected to attract global technology expertise, stimulate investment in advanced digital capabilities, and create high-value employment opportunities across AI engineering, data science, cloud infrastructure, cybersecurity, and digital transformation. The two companies also plan to collaborate with universities, research institutions, technology partners, and public-sector organizations to develop AI talent, promote responsible AI adoption, and foster a sustainable innovation ecosystem for the country.

Mr. Sarath Ratanavadi, Chief Executive Officer, Gulf Development Public Company Limited, said, “Our partnership with Cognizant marks an important milestone in our vision of helping Thailand become an AI-native economy. By combining Gulf Edge’s strengths in digital infrastructure, energy, cloud, and deep understanding of the Thai market with Cognizant’s global expertise in enterprise AI, digital engineering, and transformation services, we are creating a comprehensive platform that enables organizations to adopt AI with confidence and generate measurable business outcomes. Together, we will develop secure, resilient, and future-ready sovereign digital infrastructure while delivering industry-specific AI solutions tailored to the needs of Thai enterprises and public institutions. We believe AI has the potential to transform every sector, creating new opportunities for productivity, innovation, and sustainable economic growth.”

Mr. Ganesh Ayyar, President of Asia Pacific & Japan (APJ), Cognizant, said, “As Thailand works toward its ambition of becoming an AI-native economy, we see this partnership as a meaningful way to help contribute to that vision, not just through the projects we deliver, but by building lasting AI and technology capability inside the country. With Gulf Edge’s market reach and Cognizant’s AI Builder strategy and global delivery capability, we are positioned to deliver transformative outcomes for Thai enterprises across every major sector.”

About Gulf Edge
Gulf Edge Company Limited is the digital infrastructure arm of Gulf Development Public Company Limited, Thailand’s leading energy and infrastructure conglomerate. Gulf Edge is building a robust digital ecosystem, spanning data centers, cloud services, satellite technology, and AI infrastructure, to accelerate Thailand’s digital transformation and position the country as a regional hub for the AI economy.

About Cognizant
Cognizant (NASDAQ: CTSH) is an AI Builder and technology services provider, building the bridge between AI investment and enterprise value by building full-stack AI solutions for clients. Its deep industry, process, and engineering expertise enables it to build an organization’s unique context into technology systems that amplify human potential, realize tangible returns, and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai or @cognizant.

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SOURCE Gulf Development Public Company Limited (GULF)

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