According to Wood Mackenzie’s recently released Electric Vehicle (EV) Charging Infrastructure Forecast, EV charging ports will increase at 12.3% CAGR from 2026-2040, reaching 206.6 million ports globally.
The residential charging market will continue to be the dominant segment, with 133 million ports globally by 2040, according to the report. To achieve this, annual global spend in EV charging infrastructure is expected to increase at CAGR of 8% from 2026-2040, reaching $300 billion.
The Americas show resilience despite challenges, with the US public DCFC segment maintaining a robust 14% CAGR from 2025-2040, reaching 475,000 ports and generating $3.3 billion in annual market value by 2040. South America is positioned for accelerated growth, with residential charging expanding at 22% CAGR as the region’s EV market catches up with North America. The residential L2 segment will dominate regional CAPEX at $11.2 billion by 2040.
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