Columbia Electric Vehicle Charging Station Market Research Report, 2030

The electric vehicle (EV) charging station market in Colombia is in the early stages of development, with a growing focus on the adoption of sustainable transportation options and the necessary infrastructure to support electric mobility. Over the past few years, Colombia has demonstrated increasing political will to reduce its carbon footprint, and electric vehicles have become a key part of its strategy to transition to cleaner energy. Government initiatives, such as tax exemptions and reduced registration fees for electric vehicles, are fostering the adoption of EVs. However, the widespread adoption of electric vehicles remains relatively limited, with key barriers being the high upfront cost of EVs, the limited variety of models available in the market, and the insufficient number of charging stations. The majority of the existing EV charging stations are concentrated in larger urban centers, particularly in Bogotá, Medellín, and Cali, where the adoption rate is higher. These cities have seen the initial rollout of both standard-level and fast-charging stations, although the overall network remains sparse. While the government is actively promoting green energy solutions, including electric vehicles and their charging infrastructure, the development of the charging station network is still in its infancy. Many potential EV owners remain hesitant due to concerns over the availability of reliable charging infrastructure, especially in less densely populated areas outside major cities. Expanding the charging network is essential to overcoming these challenges and increasing the adoption of EVs across the country, especially in regions that are currently underserved. According to the research report, " Colombia EV Charging Station Market Research Report, 2030," published by Actual Market Research, the Colombia EV Charging Station Market is expected to reach a market size of more than USD 350 Million by 2030. The growth of Colombia’s EV charging station market is closely tied to the country’s broader environmental and sustainability goals. Government-led efforts to promote electric mobility have been crucial in establishing the foundations for a nationwide network of charging stations, though there is still much work to be done. Public-private partnerships are playing an important role in financing and deploying charging infrastructure, particularly fast-charging stations, which are vital for making long-distance travel feasible with electric vehicles. While Colombia's electric vehicle market is still small, the demand for EV charging stations is expected to grow as more consumers and businesses begin to embrace electric mobility. One of the key challenges facing the market is the lack of public awareness and understanding of electric vehicles, which affects both consumers and businesses. Educational campaigns are therefore essential to increase the acceptance of electric vehicles and encourage businesses to invest in charging infrastructure. Another challenge is the country’s electricity grid, which faces capacity issues in some areas. To address this, Colombia is exploring renewable energy sources, such as solar and wind power, to supplement the power needed for EV charging stations. Integrating these renewable energy solutions into the charging infrastructure not only aligns with Colombia’s sustainability goals but also reduces the strain on the national grid. Furthermore, the development of smart charging solutions that use mobile apps to locate available stations and facilitate payment is expected to enhance the user experience and contribute to the growth of the market. As electric mobility continues to gain momentum in Colombia, the country’s EV charging station market is poised for significant expansion, though continued investment, infrastructure development, and awareness campaigns will be critical to ensuring the long-term success of the industry.

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Colombia’s electric vehicle (EV) charging station market is still in the early stages but is expanding rapidly as the country embraces sustainability and reduces its carbon footprint. The shift towards electric vehicles is gaining momentum, driven by government incentives, environmental awareness, and the rising demand for cleaner transportation. The charging station infrastructure in Colombia is gradually developing, with a focus on both AC (alternating current) and DC (direct current) charging solutions. AC charging stations are the more common and cost-effective option for residential and workplace settings. These stations typically offer slower charging speeds but are well-suited for day-to-day use, such as overnight charging for personal vehicles or during work hours for fleet vehicles. AC charging is being implemented in private residences and commercial buildings, where users can conveniently charge their vehicles. With major cities like Bogotá and Medellín already seeing installations of AC charging stations in key locations, this infrastructure is essential to supporting the growing adoption of electric vehicles. While AC chargers are slower compared to DC fast chargers, their widespread availability is critical in creating a foundation for more advanced charging solutions in the future. As the number of electric vehicles increases, the demand for accessible, reliable AC charging infrastructure is expected to continue to rise across the country, especially in urban areas where the majority of EV users reside. In contrast to the slower AC charging solutions, DC fast chargers are becoming a critical element of Colombia’s evolving charging station market. DC chargers provide significantly faster charging times, making them ideal for long-distance travel and for EV owners who require a quick recharge to continue their journey. With the increasing adoption of electric vehicles, particularly in urban centers, the need for a robust network of DC fast charging stations along highways and major routes is growing. These chargers are designed to provide up to 80% charge in about 30 minutes, making them a vital infrastructure component for reducing range anxiety and enabling long-distance EV travel. Although the installation of DC fast chargers is still in the initial phases in Colombia, several charging stations are already in operation, primarily in high-traffic areas such as shopping malls, business districts, and along major highways. These fast chargers are particularly important for drivers who need to recharge quickly and get back on the road without significant delays. As Colombia’s electric vehicle market continues to grow, the expansion of DC fast charging infrastructure will be essential to ensure that EV owners have the necessary tools for both short commutes and long road trips. The country is increasingly investing in this infrastructure to support the transition to a more sustainable transportation system, with a focus on accessibility and reliability to ensure that charging is never a barrier to EV adoption. Colombia’s charging station market is composed of both public and private applications, reflecting the diverse needs of electric vehicle owners. Public charging stations are essential for facilitating the widespread adoption of electric vehicles, especially for those who do not have access to home charging solutions. These stations are typically installed in high-traffic public areas such as shopping centers, business districts, and government buildings, where EV users can conveniently charge their vehicles while running errands or attending meetings. Public charging stations are critical in urban areas, where the number of electric vehicles is growing, and where access to charging infrastructure can be a limiting factor for many potential EV buyers. On the other hand, private charging stations are primarily installed in homes and workplaces, offering more convenient, personalized charging solutions for individuals and businesses. Home charging stations allow EV owners to charge their vehicles overnight, while workplace charging stations provide employees with the option to recharge their vehicles during the workday. In Colombia, there has been a growing trend of both residential and commercial sectors investing in private charging stations, as these solutions offer a more efficient and convenient charging experience for EV owners. As the market continues to mature, the development of both public and private charging stations will be vital to ensuring that electric vehicles are accessible to a broad range of users across the country. The expansion of the charging infrastructure will contribute to Colombia’s commitment to reducing emissions and building a more sustainable transportation system.

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Nikita Jabrela

Business Development Manager

Major Companies present in the market: ChargePoint Holdings, Inc., Shell, Tesla Inc., BP, ABB, RWE, Siemens, Efacec, BLINK CHARGING co. , Eaton Corporation plc, SCHNEIDER ELECTRIC, WEBASTO GROUP, Leviton Manufacturing Co. Inc., Phihong USA Corp., EV Safe Charge Inc., Tata Power. Considered in this report • Historic year: 2019 • Base year: 2024 • Estimated year: 2025 • Forecast year: 2030 Aspects covered in this report • Electric Vehicle Charging Station market with its value and forecast along with its segments • Region-wise electric vehicle charging station market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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Regions covered in the report • North America • Europe • Asia-Pacific • Latin America, Middle East & Africa By Charging Point • AC Charging • DC Charging By Level of Charging • Level 1 • Level 2 • Level 3 By Application • Public • Private By Connector • GB/T • CCS • CHAdeMO • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to electric vehicle charging station industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.