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The future of the global EV charging station market looks promising with opportunities in battery electric vehicle (BEV), and plug-in hybrid (PHEV) electric vehicle markets. The global EV charging station market is expected to decline in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021 and it is expected to grow 31%-33% from 2021 to 2026. The major drivers for this market are increasing production and demand of electric vehicles, government policies and subsidies and environmental concerns.
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