In the past decade, the trend and interest of people in electric vehicles have grown manifold. It constantly motivates the infrastructure developer, EV charger manufacturers, and electric vehicle manufacturers to improve technology. 

The rapid climate change and fuel crisis in many parts of the world also play a significant role in rising EV interest. Many governments have introduced impetus for EV owners. Unsurprisingly, it has surged EV sales and demand for charging stations.

Hence, the future of EV charger manufacturers likeTeison seems bright. Let's look at what is ahead for electric vehicles and charger manufacturers in the coming days. 

Fast Growing EV charging Market

The coming decade seems to be promising for electric vehicle charging stations. It is expected to see 5 to 7 times growth. Their value was around 5 billion dollars in 2020, but optimistic progress has been seen until 2022. It can increase to approximately 35 billion dollars by 2026, which will increase the chance of representing car sales worldwide.

The goal of EV charger manufacturers is to cut down the cost of manufacturing of final product and deploying it in the market. They are facing a significant obstacle of the hiked price of copper, which is the primary obstacle to overcome. It is a notable challenge that can affect the operators and consumers.

Many parts of the world, including China which is a champion of the market, Europe, and America, are adopting Electric Vehicles. It shows positive news that infrastructure is already present to make deployment easy in other parts of the world. 

Expected Turnovers in Future

Glimpse in the future shows a lot of improvement of the current EV chargers. With increasing demand, you can expect to increase the car changing voltage from 500V to 800 V in the coming year. Teison EV charger manufacturer is working to improve the charger's power to decrease charging time. Let's take a look at how the future will have an impact on electric vehicles and their manufacturers.