The FAST Act allows Federal agencies to use appropriated funds to install and operate EVSE infrastructure for Privately Owned Vehicles (POV), on condition that these vehicles are authorized to park in a federally controlled parking area. The Act also requires other Federal agencies to collect fees for the use of these EVSE to recover infrastructure, operating costs, and maintenance. The FAST Act contains exceptions for determining the components of the fee that relates to hardware, construction, and installation costs.

According to the report, Increasing demand for electric vehicles across the globe is one of the primary growth factors for the market. Heavy Investments from Automakers in Electric Vehicles is also expected to contribute significantly to the Electric Vehicle Supply Equipment market. Overall, Private applications of Electric Vehicle Supply Equipment, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Vehicle Types, such as BEV (Battery Electric Vehicle), is boosting the Electric Vehicle Supply Equipment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Infrastructure, such as CCS, is boosting the Electric Vehicle Supply Equipment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Charging Level, such as Level 1 (120 V), is boosting the Electric Vehicle Supply Equipment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Charging Station, such as Normal Charging, is boosting the Electric Vehicle Supply Equipment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Electric Vehicle Supply Equipment market identified that the demand is rising in many different parts of the world as "Use of Vehicle-To-Grid (V2G) EV Charging Stations for EVs ". Furthermore, some recent industry insights like "In April 18, 2023, EvoCharge®, an industry pioneer in Electric Vehicle Supply Equipment (EVSE) and cable management solutions, has launched of its new Level 2 EvoCharge Max EV Charging Station, delivering up to 19.2kW of power (80 amps on 240V circuit). This new offering is a future-proofed EVSE ready for deployment for today’s fleet and commercial customers, operating at the highest end of J1772 Level 2 power output (19.2kW) and paired with networking features and capabilities for today and the future." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Electric Vehicle Supply Equipment market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Electric Vehicle Supply Equipment market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

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Data Triangulation
The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.