Wireless EV charging market projected to reach $12.4 billion by 2033

NEW DELHI, Feb 17 — The global wireless electric vehicle (EV) charging market is forecast to reach $12.4 billion by 2033, according to a new industry analysis. The report projects rapid growth driven by rising EV adoption, technological advancements, and increasing demand for convenient charging solutions.

Why it matters: As electric mobility expands worldwide, infrastructure challenges remain a key barrier to mass adoption. Wireless charging—where vehicles recharge without physical cables—promises to make EV ownership more practical and accessible. This technology could particularly benefit urban areas, public transport fleets, and shared mobility services by enabling seamless, hands-free charging.

The study highlights several factors contributing to the projected growth. Automakers and technology providers are ramping up investments in wireless charging research and pilot deployments. Governments in Europe, North America, and Asia-Pacific are offering incentives and policy support for both EV adoption and charging infrastructure development. Additionally, the increasing popularity of shared mobility and autonomous vehicles is expected to further fuel demand for wireless charging solutions, which offer operational efficiencies for fleet operators.

Currently, most wireless EV charging systems use inductive charging technology, where energy is transferred via electromagnetic fields between pads installed on the ground and corresponding receivers on the vehicle. The report notes that ongoing innovation is focused on improving charging speeds, efficiency, and interoperability across different vehicle models.

Wireless charging is already being trialled in select public locations, including taxi ranks, bus depots, and parking lots in cities such as Oslo, London, and Los Angeles. Industry experts suggest that as costs fall and standards mature, adoption could accelerate in both residential and commercial settings.

No direct expert quotes found in the original source.

Details:

• The wireless EV charging market is expected to grow at a compound annual growth rate (CAGR) of 39.5% from 2023 to 2033.
• Europe is projected to lead the market, followed by North America and Asia-Pacific, driven by supportive regulatory frameworks and early adoption of EVs.
• Key players in the market include automotive manufacturers, charging infrastructure providers, and technology startups focused on wireless power transfer.

TL;DR: The wireless EV charging market is set for substantial expansion over the next decade, with forecasts estimating a value of $12.4 billion by 2033. Growth will be propelled by increased EV adoption, supportive policies, and advances in wireless charging technologies.

Sources

• eeNews Europe via google.com, 2024-02-16. Read original

The wireless EV charging market is expected to experience rapid growth, with a projected compound annual growth rate (CAGR) of over 40% from 2023 to 2033. This surge is driven by increasing adoption of electric vehicles, advancements in inductive charging technology, and growing investments from automotive manufacturers and infrastructure providers. Key players such as WiTricity, Qualcomm Halo, and Electreon are actively developing solutions for both passenger and commercial vehicles, while pilot projects in Europe, North America, and Asia are demonstrating the viability of dynamic (in-motion) charging systems. The expansion of wireless charging infrastructure is anticipated to enhance EV convenience, reduce range anxiety, and support the transition to sustainable transportation.

The wireless EV charging market is expected to experience robust growth, reaching a projected value of $12.4 billion by 2033, according to recent industry analyses. This surge is driven by increasing adoption of electric vehicles, advancements in inductive charging technologies, and growing demand for convenient, cable-free charging solutions in both public and private sectors. Major automotive manufacturers and infrastructure providers are investing heavily in research and pilot projects, with Europe and North America emerging as key regions for early deployment. Additionally, government incentives and regulatory support for sustainable transportation are further accelerating the integration of wireless charging systems into urban mobility ecosystems.

Sources & quotes

• Publishing domain: google.com
• Published date: 2026-02-17T05:14:51+05:30
• Original URL: Read original (news.google.com/rss/articles/CBMingFBVV95cUxPeFpJSVdOVjNwLW9aLVJQWHBweXB4d… …)

Editorial Check

• Originality: 20 / 100 — The story appears to be a standard market forecast, common in industry news.
• Helpfulness: 60 / 100 — It provides useful market size information for Indian EV readers interested in wireless charging trends.