Electric Vehicle Charging Equipment Will Reach $5.8 Billion in Annual Revenue by 2022

Global sales of plug-in electric vehicles (PEVs) rose by more than 55 percent in 2013, and the market is expected to continue to grow at a steady pace over the next nine years.

That expansion has led to solid growth in the market for electric vehicle charging equipment (better known in the industry as electric vehicle supply equipment, or EVSE)