Electric vehicles are becoming more popular, and as the number of electric cars increases, the number of charging stations is expected to rise too. In order to keep up with demand for EVs and charge stations, the global market for EV chargers is anticipated to grow to $111.90 billion by 2028. This presents a unique opportunity for investors in this growing field.
To help you get familiar with the size of this market and the companies participating in it, we have compiled a list of the world’s ten largest EV charging companies. This list will give you an idea of what they do and where they are based.
10. Compleo Charging Solutions – $92.68 Million
Compleo Charging Solutions is based in Germany. They manufacture and install electric vehicle charging stations to help power electric cars across the world. The company was established in 2009 and has since then grown to serve customers in over 50 countries. Compleo Charging Solutions is an investment portfolio of the German entrepreneur Diego Ramirez-Goelz.
Compleo Charging Solutions is one of the fastest-growing EV charging station companies in the industry and has over 200,000 customers in its network at present. The company has a total of 584 employees worldwide. Compleo Charging Solutions offers a range of charging stations, including rapid charging powerpoints, large-capacity chargers, and mobile chargers. The company also manufactures smart charging stations.
Compleo Charging Solutions is committed to making owning an electric car an enjoyable experience and wants to achieve this vision by working with other auto manufacturers and the government.
9. BP Pulse – 241 Million
BP’s Pulse system is marketed as the most convenient EV charging station. By placing large countertop charge stations in public locations, such as shopping malls, BP aims to help people travel and park more easily while providing them with access to a convenient charging station.
BP’s Pulse solution has been installed in some US states, and they are currently working on expanding their reach to other regions, in particular Europe. One way in which they plan to accomplish this is by installing the system in all BP fuel stations across the UK.
8. ADS-TEC Energy – $0.39 Billion
Founded in 1980, ADS-TEC Energy is based in Ireland. It designs, engineers, and manufactures EV charging stations for home and commercial use. The company is into both components and maintenance. ADS-TEC Energy has supplied more than 1,000 of its home EV charging stations to the European market.
ADS-TEC is dedicated to advancing the use of EVs in Ireland and throughout the world. Its products are in demand because they are high-quality, reliable, and easy to install.
The company designs, manufactures, and implements EV charging systems. They provide complete EV charging infrastructure for commercial and industrial installations, including electric buses and cars at workplaces, hotels, car parks, and shopping centers. They also serve the marine, railway, airport, and storage sectors.
7. Blink Charging – $1.14 Billion
Blink Charging is on the list at number seven, with a total worth of $1.14 billion. Blink Charging was founded in 1998 in Miami Beach, Florida, United States, and offers charging services at self-serve stations across the country. Its main products include electric vehicle charging stations and Blink smartphone apps for drivers.
The company currently operates 465 sites for public charging in 23 metropolitan areas across North America. Blink’s sites can provide up to 150 kW of power and can be topped up in less than an hour. Their chargers are made of nickel-zinc cobalt aluminum cells that use high-density specs while recharging.
The company has developed and deployed hundreds of EV charging stations worldwide. It is the only charging station operator offering EV drivers a convenient and affordable way to charge their vehicles at home, work, or on the go.
6. NaaS Technology – $1.15 Billion
NaaS Technology is a company that focuses on the manufacturing and supply of EV charging devices and related products. The company was established in 2019. NaaS Technology manufactures and sells a wide variety of charging stations covering residential, public, and commercial use. Their products include outdoor charging stations, indoor, home charging stations, and portable chargers.
It is headquartered in China, and as of 2021, NaaS Technology has a presence in more than 30 countries, serving both commercial and industrial markets.
Today, NaaS Technology’s international presence offers more than 30 products to its customers, including plug-in hybrid electric vehicles (PHEVs) and electric vehicles (EVs). The company also has a range of EV charging products, such as mobile chargers for commercial users or caravan owners who use their cars frequently.
5. Allego – $1.57 Billion
Allego is the world’s 5th largest EV charging company. It was established in 2013 and is headquartered in the Netherlands. The company designs and manufactures EV charging components for industrial customers, such as automakers and heavy equipment manufacturers. This company is still very young, but the potential it has, given its young age, is indisputable. Some of its main customers include Volkswagen, BMW, and Siemens.
Additionally, Allego provides an EV charging system for public spaces. It also works as a consultant for OEMs (original equipment manufacturers) and as a supplier of EV charging solutions to infrastructure companies, municipalities, and other public institutions.
4. Wallbox – $1.70 Billion
The company’s headquarters are in Spain, with 15 subsidiaries and five distribution centers to support its operations. They also maintain several sales offices all over Europe. Their main activity is distributing and installing electrical wallbox chargers across Europe.
They are the only global provider of charge stations and stations for public transport. They also provide an on-site charging service. They are listed in the top 10 largest EV Charging companies because of the number of charge points they provide and their reach. 4,600 locations in 25 countries support these services.
3. EVgo – $2.43 Billion
EVgo is a charging network company that operates a network of fast-charging stations across the United States. It has connections to several car manufacturers, including BMW, Chevrolet, Ford, Kia, Hyundai, and Volkswagen. Recently, it has been expanding its network in China. It has approximately 1,100 charging stations and more than 200 charging connectors across the US.
The company is one of the largest charging companies in the world. EVgo’s charging infrastructure covers 37 locations in 13 states. It also has a network of fast chargers in California and Maryland that can charge an electric car within minutes. Its charging stations provide up to 350 kW of electricity. They also own several fast-charging stations in the UK and Europe.
2. ChargePoint Holdings Inc – $3.12 Billion
ChargePoint provides electric vehicle (EV) charging solutions to corporate and government fleets, multi-family dwellings, hospitality locations, retail locations, and EV drivers. The company designs manufacture, sells and installs charging stations in the U.S., Europe, Canada, and Australia.
ChargePoint operates an open network used by multiple EV manufacturers such as BMW (BMW), General Motors (GM), Nissan/Infiniti, Mitsubishi, and other automakers. The company is headquartered in Campbell, California, United States.
Chairman and CEO Pasquale Romano founded ChargePoint in February 2011. The company has installed more than 31,000 charging stations across various geographies. ChargePoint provides its charging solutions through a turnkey business model. It offers services such as design and installation, access control and security, maintenance, payment processing, and customer service.
The company operates an open network that allows drivers to select their preferred charging station. ChargePoint also powers the platform various automakers use to locate and reserve the nearest charging station on their network from the ChargePoint mobile app.
1. Tesla – $946.99 Billion
Tesla is an American automotive and energy company that designs, manufactures, and sells high-performance fully electric cars, electric vehicle powertrain hardware, software, batteries, and EV chargers worldwide.
Founded by Elon Musk in 2003, the company uses its proprietary technology to design and manufacture the world’s best electric cars and EV chargers. In addition to Tesla’s own vehicles, it also sells EV chargers for home or commercial use. It has a market cap of $946.99 Billion and is number 1 on the list of the 10 largest EV charging companies in the world, and trending up.
Summary of The 10 Largest EV Charging Companies In The World
| Rank | Company |
|---|---|
| 1 | Tesla – $946.99 Billion |
| 2 | ChargePoint Holdings Inc – $3.12 Billion |
| 3 | EVgo – $2.43 Billion |
| 4 | Wallbox – $1.70 Billion |
| 5 | Allego – $1.57 Billion |
| 6 | NaaS Technology – $1.15 Billion |
| 7 | Blink Charging – $1.14 Billion |
| 8 | ADS-TEC Energy – $0.39 Billion |
| 9 | BP Pulse – 241 Million |
| 10 | Compleo Charging Solutions – $92.68 Million |
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