The global charging as a service market size was valued at USD 165.9 million in 2025 and is expected to reach USD 2,135.0 million by 2028, at a CAGR of 29.1%, during the forecast period 2025-2035. Charging as a Service is increasingly becoming a necessity for businesses rather than an optional feature, providing multiple benefits. It is a business model that allows fleet operators to use EV charging infrastructure without owning or managing charging stations. A third party owns and operates the charging infrastructure, while fleets pay based on usage, either through a pay-as-you-go system or a subscription/contract model. If the businesses providing on-site charging stations near the facility, it will attract new customers, particularly EV owners actively seeking convenient charging options. A seamless charging experience encourages repeat visits and fostering customer loyalty. Longer dwell times at charging locations lead to higher foot traffic and potential revenue generation for retail and hospitality sectors. Companies can monetize charging services through direct fees or indirect sales growth while customers wait.
Auto-dealerships and OEM operated charging spaces to hold the significant share in semi-public charging setup segment.
OEM partnerships with Charge Point Operators (CPOs) and EV charging strategies for auto dealerships are driving the expansion of EV infrastructure. From 2021 to 2023, major OEMs formed key collaborations to enhance charging access. In July 2023, BMW, Mercedes-Benz, Honda, Hyundai, Kia, Stellantis, and GM announced a joint venture to build a high-power charging network in North America. Around the same time, Hyundai, Volvo, Polestar, GM, and Ford secured access to Tesla’s NACS Supercharger network, enabling their EVs to use Tesla’s charging infrastructure. Earlier in the year, Mercedes-Benz launched a charging network in collaboration with ChargePoint. In 2022, Hyundai expanded its Ionity partnership in Europe, GM integrated multiple CPOs into its Ultium Charge 360 network, and Rivian developed its Adventure Network alongside Electrify America. In December 2024, ChargePoint and General Motors announced plans to install up to 500 ultra-fast EV charging ports across the U.S. under the GM Energy brand. The network is expected to be operational by the end of 2025. Also, these chargers will feature ChargePoint’s Omni Port system, allowing vehicles with CCS or NACS connectors to charge without an adapter. The deployment will also include ChargePoint’s Express Plus platform, offering charging speeds up to 500kW.
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By Charger type, the DC Charger segment is the fastest growing segment during the forecast period
DC fast charging (Level 3 charging) is a critical component of EV infrastructure, enabling most electric vehicles to charge up to 80% in 30-60 minutes. Unlike Level 1 and Level 2 chargers, which require several hours, DC fast chargers provide direct current (DC) at high power levels, making them ideal for high-traffic locations such as commercial centers, fleet operators, and automotive dealerships. Businesses offering DC charging as a service benefit from increased customer traffic, particularly in sectors like retail, hospitality, and auto dealerships. Dealerships use DC fast chargers for test drives and service appointments, while public charging locations generate revenue through direct charging fees. Many businesses integrate payment options, advertising, and loyalty programs to enhance profitability. The DC fast charging market is evolving with higher power chargers (150-350 kW), reducing charging times further. Bidirectional charging (V2G) is gaining interest for grid integration, and renewable energy solutions are being incorporated to manage electricity costs. Battery and thermal management improvements are also enhancing charger efficiency.
Asia Pacific region holds the largest share of the DC chargers in Charging as a service Market
The Asia-Pacific region is expected to become the largest market for DC chargers in the charging as a service market, followed by Europe and North America, with each region experiencing unique growth drivers. In Asia-Pacific, rapid urbanization, government incentives, and rising EV adoption fuel demand. In November 2024, Exicom recently launched India’s fastest DC charger, the Harmony Gen 1.5, delivering up to 400 kW to support the nation’s expanding EV infrastructure. Similarly, in February 2025, Kazam partnered with QuickCharge in Malaysia to deploy over 100 chargers across residential, hotel, and office spaces, with plans to launch 2,000 more, enhancing the nation’s charging network. These developments focus on the rapid expansion of DC charging infrastructure in Asia Pacific, with countries leveraging distinct growth factors to meet the increasing demand for fast and reliable Charging as a service.
Key Players
The major players in the Charging as a Service market include ChargePoint, Inc. (US), Tesla (US), ENGIE (France), TGOOD Global Ltd. (China), and State Grid Corporation of China (China). These players have been adopting strategies to sustain their positions in the market. Major strategies adopted are product launches and deals.
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