The Latin America, Middle East and Africa Peer-To-Peer Electric Vehicle Charging Market would witness market growth of 22.4% CAGR during the forecast period (2022-2028).
P2P charging could be included in P2P energy portals in the future as part of a larger smart grid implementation. It would allow EVs to be used for Vehicle-to-Grid (V2G) applications, such as peak shaving during periods of high grid energy demand or providing additional storage in the event of excess renewable generation at a specific time of day. EVs can benefit from solutions that include two-way charges.
P2P charging can likely operate as a major driver of significant EV adoption in the years to come by alleviating range anxiety and enabling manufacturers to compete in the market.
For all battery-electric vehicles, local emissions are zero (BEVs). Moreover, because PHEVs and HEVs are more effective than fuel vehicles, they produce significantly fewer harmful emissions, even while purely running on gasoline. There's a widespread misconception that electric vehicle production as well as the energy electricity needed to charge them produces the same amount of damaging pollution as gas-powered automobiles. Electric vehicles emit fewer pollutants. Electric vehicles would likely to get cleaner as the networks that power them expand their reliance on renewable energy sources. EVgo uses 100% renewable power from solar and wind power to all of its chargers. Thus, the environment friendly nature of the EVs is likely to attract a lot of consumers in the near future, and as a consequence, the peer-to-peer electric vehicle charging market is likely to grow.
The Dubai Electricity and Water Authority (DEWA) announced the EV Green Charger initiative, which offers an infrastructure of electric vehicle chargers across the city. As part of the Dubai Green Mobility Strategy 2030, this program supports Dubai's efforts to develop innovative and sustainable transportation solutions, reducing carbon emissions in the transportation industry. The number of registered electric vehicles in Dubai has increased as a result of DEWA's continued growth of this initiative and the debut of its free-charging incentive.
In Israel, Better Place began constructing its first electrical vehicles network in collaboration with Renault, a French automaker. Better Place proposed a detailed network development proposal in March 2011, which included 40 battery exchange stations and 400 charging stations around Israel. At the end of 2011, 200 locations were stated to be under construction or planned, however that objective was not met. Better Place filed bankruptcy in Israel on May 26, 2013, after terminating its initiatives in the majority of markets.
The Brazil market dominated the LAMEA Peer-To-Peer Electric Vehicle Charging Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6,311.1 Thousands by 2028. The Argentina market is estimated to grow at a CAGR of 23% during (2022 - 2028). Additionally, The UAE market would witness a CAGR of 22% during (2022 - 2028).
Based on Application, the market is segmented into Residential (Apartments and Private Homes) and Commercial (Destination Charging Station, Fleet Charging Station, Workplace Charging Station, and Others). Based on Charger Type, the market is segmented into Level 2 and Level 1. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Peer-To-Peer Electric Vehicle Charging Market is Predict to reach $363.4 Million by 2028, at a CAGR of 20.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ChargePoint Holdings, Inc., Enphase Energy, Inc. (ClipperCreek, Inc.), Enel X Italia Srl (Enel Group), EVBox (Engie SA), EVmeter LTD., Shell Recharge Solutions (Shell plc), Innogy SE (E. ON SE), Power Hero, Inc., and Webasto Group.
By Application
By Charger Type
By Country
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