EV Charging Card Market is predicted to reach USD 9.64 billion at a CAGR of 30.50% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global EV Charging Card Market”.

The EV Charging Card Market is estimated to register a CAGR of 30.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global EV Charging Card Market— E-Flux, Octopus Energy, Shell Recharge, Zap-Map, Bonnet, Elli, BP Pulse, Pod Point, Plugsurfing, Maingau.

Market Highlights

The global EV Charging Card Market is accounted to register a CAGR of 30.50% during the forecast period and is estimated to reach USD 9.64 billion by 2032.

The surge in road accidents, driver shortages, governmental safety regulations, the imperative for streamlined bus operations, and the growing demand for modern buses that are both efficient and equipped with advanced features are driving the adoption of EV Charging cards.

Access full report @ https://www.marketresearchfuture.com/reports/ev-charging-card-market-16093

Segment Analysis

The global EV Charging Card Market has been segmented based on the Type, and Application.

Based on the Type, the market is segmented into Physical Card and Applications. The physical card segment was attributed to holding the largest market share in 2022.  Physical EV charging cards leverage the familiarity and convenience associated with traditional payment methods, such as credit or debit cards. This approach taps into the established user behavior of utilizing physical cards for diverse transactions, offering a seamless and user-friendly experience in the context of electric vehicle charging.

Based on the Application, the EV Charging Card Market has been segmented into Household, Commercial. The commercial segment was expected to hold the largest market share in 2022. Within the commercial sector, which encompasses enterprises overseeing electric vehicle fleets, there is an increasing demand for specialized EV charging solutions. As businesses commit to sustainable practices and shift their fleets toward electric vehicles, the need for tailored charging solutions becomes pronounced. In this context, the deployment of charging cards proves instrumental for businesses, facilitating effective management and tracking of charging expenses associated with their electric vehicle fleets.

Regional Analysis

The global EV Charging Card Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The European EV Charging Card Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The EV Charging Card Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World EV Charging Card Market comprises of Middle East, Africa, and Latin America.

The largest market share for the EV Charging Card Market was maintained by the North American regional sector. North America has experienced an increased embrace of electric vehicles, propelled by a synergy of environmental consciousness, government incentives, and advancements in EV technology. Notably, the U.S. electric vehicle market set records in 2022, reaching nearly 918,500 sales of light electric vehicles. Tesla remains a dominant force, selling an estimated 536,100 electric vehicles in the United States during the same period. The rising prevalence of electric vehicles in North America underscores a burgeoning demand for EV charging infrastructure and associated services, including the utilization of charging cards. This trend reflects a growing market opportunity in response to the evolving landscape of sustainable transportation.

Moreover, the Europe market has been persistently growing over the forecast period. Europe is experiencing a notable uptick in electric vehicle adoption, propelled by factors such as heightened environmental consciousness, stringent emission standards, and incentivizing policies from governments. In the year 2022, the EU-27 witnessed the sale of approximately 56,500 electric vans, securing a 5.5% market share—a notable 2.0 percentage point increase from 2020. Furthermore, the electric vehicle market share in new car registrations surged in almost all European countries (EU-27, Iceland, Norway) compared to 2021. Notably high percentages were observed in Norway (89%), Sweden (58%), and Iceland (56%). This robust growth in electric vehicle prevalence across European roads is generating heightened demand for EV charging infrastructure and related services, including the utilization of charging cards. The evolving landscape underscores a significant business opportunity within the electric mobility sector.

The Asia Pacific region is undergoing a notable surge in electric vehicle (EV) adoption, driven by a confluence of factors such as government incentives, heightened environmental considerations, and advancements in EV technology. In India, a substantial uptick in EV sales has been observed, with figures reaching approximately 1.18 million units in the fiscal year 2022-23. This marks a significant increase of over 1.5 times compared to the previous fiscal year's sales of 457,006 units, surpassing the 1 million mark for the first time, as reported by the government's Vahan database. Notably, electric two-wheelers continued to dominate the EV sales landscape, constituting nearly 62% of all EV sales in 2022-23, amounting to 727,176 units. This growth in the EV market concurrently propels the demand for EV charging infrastructure and associated services, including the pivotal role of charging cards. The evolving landscape signifies a burgeoning business opportunity within the electric mobility sector in the Asia Pacific region.

Furthermore, the rest of the world's EV Charging Card Market is divided into the Middle East, Africa, and Latin America. There is a notable effort to expand the EV charging infrastructure in these regions. Governments, businesses, and international organizations are investing in the deployment of charging stations to facilitate the charging needs of the growing electric vehicle fleet. The development of a reliable and extensive charging infrastructure is crucial for the success of the EV charging card market.

Key Findings of the Study

• The global EV Charging Card Market is expected to reach USD XX billion by 2032, at a CAGR of 30.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market because Increasing awareness among consumers about the benefits of electric vehicles and the availability of convenient charging solutions positively influences market growth. Educational initiatives contribute to the acceptance and adoption of EV charging cards as a convenient payment method.


• Based on type, the physical card segment was attributed to holding the largest market in 2022, with an approximate market share of 55–60%.


• E-Flux, Octopus Energy, Shell Recharge, Zap-Map, Bonnet, Elli, BP Pulse, Pod Point, Plugsurfing, Maingau