Wireless Charging Electric Vehicle Market Strategic Analysis and Growth Opportunities

Wireless Charging Electric Vehicle Market Size, Trends, Growth and Future Outlook

The wireless charging electric vehicle market is anticipated to grow from USD 457.14 million in 2025 to USD 3,433.07 million by 2034, with a compound annual growth rate (CAGR) of 37.06% during the forecast period from 2025 to 2034.

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Introduction

The wireless charging electric vehicle market is a crucial segment of the automotive industry. This industry deals in manufacturing and distribution of wireless charging solutions for EVs around the world. The wireless chargers are integrated with different technologies including magnetic field charging, inductive charging, resonant inductive charging and others. These chargers are designed for numerous types of vehicles consisting of passenger vehicles, light commercial vehicles, heavy commercial vehicles and others. The end-user of this industry comprises of individual consumers, fleet operators, government and municipalities. The growing sales of EVs in different parts of the globe has contributed to the overall expansion of the industry. This market is likely to rise drastically with the growth of the electric vehicle industry in different parts of the world.

• According to the Open EV Charts Org, around 5.36 million EVs were sold in China during 2023 that increased to 6.43 million in 2024.

Highlights of the Wireless Charging Electric Vehicle Market

• North America held the highest share of the wireless charging electric vehicle market.
• Europe is expected to grow with a significant CAGR during the forecast period.
• By charging technology, the inductive charging segment held a dominant share of the market.
• By charging technology, the resonant inductive charging segment is likely to rise with a considerable growth rate during the forecast period.
• By charging infrastructure, the home charging stations segment held the largest share of the market.
• By charging infrastructure, the public charging stations segment is anticipated to witness rapid growth during the forecast period.
• By vehicle type, the passenger vehicles segment held a significant share of the industry.
• By vehicle type, the light commercial vehicles segment is predicted to rise with a considerable CAGR during the forecast period.

Key Metrics and Overview

Wireless Charging Electric Vehicle: Stats and Figures

• According to the U.S. department of Energy, there was a 6.3% increase in the number of EV charging ports in the U.S. in the 2nd quarter of 2024 as compared to the previous quarter.
• According to the government of UK, around 59,670 public EV charging devices were deployed in the UK during 2024.
• According to the State Council Information Office, around 9.31 million EV charging piles were available for the consumers of China.
• According to the Reglobal Organization, around 7,146 EV charging stations are expected to be deployed in Indonesia by 2030.

Charging Technology Insights

The inductive charging segment held a dominant share of the market. The growing demand for fast-charging solutions among EV consumers has boosted the market expansion. Also, the rising adoption of inductive chargers due to several benefits including convenience and ease of use, reduced maintenance and durability, increased safety and durability, and some others is contributing to the overall industrial growth. Moreover, several EV charger manufacturers are constantly engaged in developing high-quality inductive chargers to cater the needs of the EV consumers, thereby accelerating the growth of the wireless charging electric vehicle market.

• In January 2024, Valeo launched Ineez Air Charging. Ineez Air Charging is an inductive EV charging solution that is designed for charging EV batteries quickly.

The resonant inductive charging segment is likely to rise with a considerable growth rate during the forecast period. The rising investment by government of several countries such as China, U.S., India, Japan and some others for strengthening the EV charging infrastructure has driven the market growth. Additionally, surge in demand for wireless EV charging solutions among the EV consumers of developed nations such as Canada, UK, Germany and some others is adding significantly to the industrial expansion. Moreover, numerous advantages of this charging technology including dynamic charging capability, superior grid load management, cost-effectiveness, enhancing contactless EV charging and some others is projected to boost the growth of the wireless charging electric vehicle market.

• In March 2024, Resonant Link launched a wireless EV charging solution. This EV charging solution is designed for charging industrial electric vehicles at a quick rate.

Charging Infrastructure Insights

The home charging stations segment held the largest share of the market. The growing demand for home-based wireless EV chargers has boosted the industrial growth. Also, the rising emphasis of EV charger brands on developing advanced wireless chargers for residential purposes is further accelerating the market expansion. Additionally, rapid developments associated smart chargers along with increasing sales of electric SUVs is driving the growth of the wireless charging electric vehicle market.

• According to the International Energy Agency, around 3.30 million electric SUVs were sold in advanced nations during 2023.

The public charging stations segment is anticipated to witness rapid growth during the forecast period. The growing adoption of wireless fast charging solutions for commercial purposes has boosted the market expansion. Also, numerous government initiatives aimed at developing the public charging infrastructure coupled with various subscription plans provided by EV charging stations is contributing significantly to the industrial growth. Moreover, rapid deployment of EV charging stations in developed nations such as U.S., Norway, Denmark, U.S., Germany and some others is projected to foster the growth of the wireless charging electric vehicle market.

• In January 2025, the government of India launched the PM E-DRIVE Scheme. This scheme is aimed at providing around 80% Subsidy on upstream infrastructure for EV public charging stations across India.

Vehicle Type Insights

The passenger vehicles segment held a significant share of the industry. The growing demand for affordable EV hatchbacks in developing nations such as India, Indonesia, Argentina, Vietnam and some others has boosted the industrial expansion. Additionally, the rising adoption of electric SUVs among off-roading enthusiasts along with numerous subsidies for purchasing electric passenger cars is playing a vital role in shaping the industrial landscape. Moreover, several automotive companies such as Audi, Tesla, Mercedes, BYD and some others are developing electric luxury cars, thereby fostering the growth of the wireless charging electric vehicle market.

• In April 2025, BYD launched Seal in India. Seal is electric luxury vehicle that comes with a battery capacity of around 82.56 kWh which is expected to deliver a driving range of around 650 kms on a single charge.

The light commercial vehicles segment is predicted to rise with a considerable CAGR during the forecast period. The growing adoption of light commercial EVs for operation short-distance logistics operations has boosted the market expansion. Additionally, surge in demand for eco-friendly vehicles to enhance passenger commute is further adding to the industrial growth. Moreover, the rising focus by EV startups such as Jupiter Electric Mobility, Switch Mobility, Euler Motors and some others for developing LCEVs is anticipated to propel the growth of the wireless charging electric vehicle market.

• In March 2025, Jupiter Electric Mobility (JEM) launched JEM TEZ. JEM TEZ is a LCEV designed for operating last-mile logistics and urban freight transport across India.

Geographical Insights

North America held the highest share of the wireless charging electric vehicle market. The growing sales of electric supercars in countries such as the U.S. and Canada has boosted the market growth. Additionally, numerous government initiatives aimed at developing the EV charging infrastructure coupled with presence of several EV brands such as Tesla, Rivian, GM, Lucid Motors and some others is positively shaping the industrial landscape. Moreover, the presence of several market players such as WiTricity Corporation, Momentum Dynamics Corporation, Qualcomm has further accelerated the growth of the wireless charging electric vehicle market in this region.

• In January 2025, the government of U.S. announced to invest around US$ 635 million. This investment is done for developing the EV charging infrastructure across the nation.

U.S. and Canada are significantly contributing to the market in this region. In the U.S., the market is generally driven by the growing demand for luxury EVs coupled with rapid investment by automotive companies for strengthening the EV manufacturing capabilities. In Canada, the rising demand for LCEVs from E-commerce sector and increasing adoption of wireless residential chargers is driving the market expansion.

• In January 2025, Cadillac announced to launch Optiq and Vistiq in the U.S. Optiq and Vistiq are luxury EVs that is expected to be launched in the U.S. during the first quarter of 2025.

Europe is expected to grow with a significant CAGR during the forecast period. The growing adoption of electric trucks for operating several heavy tasks in industries such as construction, oil and gas, mining, logistics and some others has boosted the market expansion. Additionally, rapid investment by government of several countries such as Norway, Germany, UK, France and some others for strengthening the EV charging infrastructure is shaping the industry in a positive direction. Moreover, the presence of several automotive brands such as Ferrari, Volkswagen, Volvo and some others that are constantly engaged in manufacturing various EV models is further expected to propel the growth of the wireless charging electric vehicle market in this region.

• In September 2024, BYD launched BYD E-VALI in Europe. BYD E-VALI is a 19-ton ETH8 eTruck with a driving range of 250kms on a single charge.

Germany is the dominating country in this region. The growing adoption of electric buses by fleet operators for enhancing sustainable transportation has boosted the industrial expansion. Also, numerous partnerships among EV charger brands and automotive companies for deploying wireless charging in Germany has further added to market growth. Moreover, the presence of several automotive companies such as Audi, BMW, Mercedes and some others has boosted the market growth in this nation.

• In March 2024, Audi launched Q6 e-tron in Germany. Q6 e-tron is a mid-size SUV that is integrated with a fast-charging technology capable of charging around 80% in 20 minutes.

Industry Leader Announcement

• In April 2025, Dan Trujillo, the vice president of ENC made an announcement stating that, “We’ve been following InductEV’s municipal transit deployments across the U.S. We look forward to adding its high-power wireless charging solution to meet the varied needs of our customers, InductEV’s system creates stability, flexibility, and ease of use. Their proven deployments in transit fleets, with over 3 million miles driven and over 3 GWh of power delivered wirelessly, make them a reliable provider for our new product line.”

Competitive Landscape

The wireless charging electric vehicle market is a highly competitive industry with the presence of a numerous dominating players along with new startups. Some of the prominent companies in this industry consists of Evatran, Dashdynamic, Wipowerone, Witricity, HEVO, Electreon, ChargePoint, Ola Electric and some others. These companies are constantly engaged in developing high-quality wireless chargers for EVs and adopting numerous strategies such as partnerships, collaborations, business expansions, launches, acquisitions, joint ventures and some others to held their dominant position in this industry. For instance, in November 2024, Electreon partnered with the State of Michigan. This partnership is aimed at deploying wireless EV charging network in Michigan, U.S.  Also, in April 2024, Witricity partnered with Kansai Electric Power Co., Inc., Daihen Corporation, Mitsubishi Research Institute, Ltd.and Sinanen Corporation. This partnership is done for forming a council to develop wireless EV charging system in Japan.

Recent Developments

• In April 2025, the Centre for Development of Advanced Computing (C-DAC) collaborated with VNIT Nagpur. This collaboration is done to develop a wireless EV charger for the consumers of India.
• In August 2024, WAVE Charging announced a collaboration with the U.S. Department of Energy and Cummins. This collaboration is aimed at launching a 500kW ultra-fast wireless charging solutions in the U.S.
• In June 2024, the Department of Energy’s Oak Ridge National Laboratory collaborated with Volkswagen Group. This collaboration is aimed at developing a 270-kW wireless EV charger.

Wireless Charging Electric Vehicle Market Segments

By Technology

• Inductive Charging
• Resonant Inductive Charging
• Magnetic Field Charging

By Charging Infrastructure

• Home Charging Stations
• Public Charging Stations
• Commercial Charging Stations

By Vehicle Type

• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By End User

• Individual Consumers
• Fleet Operators
• Government and Municipalities

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa