New report predicts global wireless EV charging market will reach US$6.4 billion by 2033


A new report from IDTechEx states that wireless EV charging will play a key role in developing the overall network of EV charging infrastructure alongside Level 1 and 2 AC charging and Level 3 DC fast charging.

IDTechEx believes it will be a complementary solution to support the growing population of zero-emission light-, medium-, and heavy-duty vehicles, and that it offers tremendous opportunities for Auto OEMs, Tier 1 suppliers, and fleet operators.

The new report, entitled Wireless Charging Market for Electric Vehicles 2023-2033: Technology, Players and Forecasts, provides information on wireless power transfer; static and dynamic wireless charging; low and high-power levels; ground assembly (GA) and vehicle assembly (VA); player profiles; pilot projects; private, commercial, and autonomous vehicle segments; granular 10-year market forecasts.

IDTechEx anticipates that the largest development goals for wireless charging are to increase power and efficiency while decreasing overall system cost. Currently, plug-in systems offer faster charging speeds at a lower cost in comparison to wireless charging. It also believes that wireless EV charging will also be mission-critical to enable autonomy.

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Lauren is a regular contributor to Traffic Technology International (TTi) and a freelance technical journalist. Over the past 15 years, she has worked on a wide variety of B2B publications and websites, including a stint as deputy editor of Traffic Technology International from 2014-2016. She has a degree in English from the University of Exeter. Lauren is mum to two busy little girls. She is always in demand!