Electric Vehicle Charging Cable and Plug Market to Witness Huge Growth by 2022-2028

Electric Vehicle Charging Cable and Plug Market to Witness Huge Growth by 2022-2028

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“According to the latest research study, the demand of global Electric Vehicle Charging Cable and Plug Market size & share was valued at around USD 1.35 Billion in 2021 and is projected to reach roughly USD 3.8 Billion by the end of 2028, with an excellent compound annual growth rate (CAGR) of approximately 39.5% over the projection period.

An EV is a shortened acronym for an electric vehicle. EVs are vehicles that are either partially or fully powered on electric power. Electric vehicles have low running costs as they have less moving parts for maintaining and also very environmentally friendly as they use little or no fossil fuels (petrol or diesel). There are no standard guidelines around the best size of EV cables, but the recommended length is between 4m and 10m. The mode 3 charging cable is a connector cable between the charging station and the electric car. In Europe, the type 2 plug has been set as the standard.

Plug & Charge is the simplest, most secure way for drivers to charge their electric vehicles. All drivers need to do is connect their EV's charging cable to the charge point, and the vehicle is automatically charged. An electric vehicle charging station is equipment that connects an electric vehicle (EV) to a source of electricity to recharge electric cars, neighbourhood electric vehicles and plug-in hybrids. Mode 3 cables are currently the most common way to charge an EV across the globe. A Mode 3 charging cable connects your vehicle to a dedicated EV charging station—like those found in workplaces and offices, homes and residential locations, and commercial and public parking lots.

There are three levels of EV charging; Level 1, Level 2, and Level 3. Level 3 is broken into DC Fast Charging and (Tesla) Supercharging. The higher the level of charging, the faster the charging process, as more power is delivered to the vehicle. Attach one red clip of your jumper cables to the positive terminal of the car with the working battery. Attach the other red clip to the positive terminal on the battery that needs a charge. Attach one black clip of your jumper cables to the negative terminal of the car with the working battery.

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