The global charging as a service market is projected to grow from USD 165.9 million in 2025 to USD 2,135.0 million by 2035, registering a CAGR of 29.1%. Charging as a Service is a business model that allows fleet operators to use EV charging infrastructure without owning or managing charging stations. A third party owns and operates the charging infrastructure, while fleets pay per usage through pay-as-you-go or subscription/contract models. A seamless charging experience encourages repeat visits, fostering customer loyalty. Companies can monetize charging services through direct fees or indirect sales growth while customers wait. For instance, airports and aviation hubs can integrate charging solutions to support sustainable travel and cater to electric fleet operators.
Auto-dealerships and OEM operated charging spaces to hold the significant share in semi-public charging setup segment.
OEM partnerships with Charge Point Operators (CPOs) and EV charging strategies for auto dealerships are driving the expansion of EV infrastructure. From 2021 to 2023, major OEMs formed key collaborations to enhance charging access. In July 2023, BMW, Mercedes-Benz, Honda, Hyundai, Kia, Stellantis, and GM announced a joint venture to build a high-power charging network in North America. Around the same time, Hyundai, Volvo, Polestar, GM, and Ford secured access to Tesla’s NACS Supercharger network, enabling their EVs to use Tesla’s charging infrastructure. Earlier in the year, Mercedes-Benz launched a charging network in collaboration with ChargePoint. In 2022, Hyundai expanded its Ionity partnership in Europe, GM integrated multiple CPOs into its Ultium Charge 360 network, and Rivian developed its Adventure Network alongside Electrify America. In December 2024, ChargePoint and General Motors announced plans to install up to 500 ultra-fast EV charging ports across the U.S. under the GM Energy brand. The network is expected to be operational by the end of 2025. Also, these chargers will feature ChargePoint’s Omni Port system, allowing vehicles with CCS or NACS connectors to charge without an adapter. The deployment will also include ChargePoint’s Express Plus platform, offering charging speeds up to 500kW.
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DC charger to be fastest-growing segment during forecast period
DC fast charging (Level 3 charging) is pivotal to EV infrastructure, enabling most vehicles to charge up to 80% in 30–60 minutes. Compared to Level 1 and Level 2 chargers, which require several hours, DC fast chargers provide direct current at high power levels, making them suitable for high-traffic locations such as commercial centers, fleet operators, and automotive dealerships. Businesses offering DC charging services benefit from increased customer traffic, particularly in the retail, hospitality, and auto sectors. Dealerships use DC fast chargers for test drives and service appointments, while public charging locations generate revenue through direct charging fees. Many businesses integrate payment options, advertising, and loyalty programs to enhance profitability. The DC fast charging market is evolving with higher power chargers (150–350 kW), reducing charging times further.
“North America is expected to be the significant Charging as a Service market by 2035.”
Charging as a Service in North America is expanding due to investments in infrastructure, technology, and partnerships. The expansion of Charging as a Service in North America has improved EV accessibility, reduced charging downtime, and supported grid stability. OEMs and charging providers are adding high-power charging networks. For instance, in February 2024, Ionna, a joint venture by Mercedes-Benz, BMW, General Motors, Stellantis, Honda, Hyundai, and Kia, planned to install 30,000 high-power chargers in the region. Tesla is expanding its Supercharger network and has started opening it to non-Tesla EVs. ChargePoint and Electrify America continue to expand Level 2 and DC fast-charging stations. The launch of Ionna and the expansion of Tesla's Supercharger network have increased the availability of high-power chargers, reducing range anxiety for EV owners. The decision to open Tesla Superchargers to non-Tesla vehicles has also improved interoperability, benefiting a wider range of EV users.
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