The international market for storing and accessing resumes, known as the Global CV Depot, is predicted to expand to an impressive USD 64.1 billion by 2034.
In the rapidly evolving world of electric vehicles (EVs), the commercial vehicle sector is seeing significant growth, particularly in the area of depot charging. This shift is evident in various regions, driven by a combination of factors including government incentives, technological advancements, and strategic partnerships.
In August 2024, Kazam, a promising EV charging startup, secured $8 million in funding to support its expansion into urban charging markets. This investment underscores the growing demand for efficient charging solutions in commercial fleets.
The Global Commercial Vehicle (CV) Depot Charging Market is projected to reach a staggering USD 64.1 billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 28.8% from USD 5.1 billion in 2024. This growth is primarily fueled by the rapid electrification of heavy-duty commercial fleets.
The market is segmented into two main categories: private and public charging stations. Private charging stations, which accounted for 63.8% of the market share in 2024, lead the segment. The power output segmentation includes up to 50 kW, 51-150 kW, and above 150 kW chargers. The 51-150 kW power output category holds the largest share.
The integration of solar, wind, and other renewable energy sources into depot charging infrastructure presents a huge opportunity for reducing operational costs and enhancing the sustainability of fleet operations. This shift towards greener energy sources is a testament to the industry's commitment to environmental responsibility.
One of the major hurdles in the adoption of depot charging solutions is the slow pace of standardization in charging protocols for electric commercial vehicles. However, partnerships between Original Equipment Manufacturers (OEMs) and charging infrastructure providers are accelerating the deployment of depot charging stations, aiming to streamline this process.
Regionally, North America holds the largest regional share of 37.9% in 2024. Asia Pacific is emerging as a high-growth region due to rapid urbanization, government-backed electrification policies, and increasing adoption of electric buses. Europe is expected to see robust growth due to stringent emission regulations and ambitious decarbonization targets set by the European Union.
Latin America is in the early stages of adopting CV depot charging infrastructure, with Brazil, Mexico, and Chile leading the way. Middle East & Africa are gradually adopting depot charging solutions, but the expansion rate is slower due to grid readiness challenges and investment costs.
In August 2025, VIRTA acquired NORTHE Fleet Management, enhancing its capabilities to offer integrated energy solutions across Europe. In September 2024, Siemens merged its eMobility division with Heliox, creating a more agile platform for accelerating EV charging infrastructure development.
In July 2025, Blink Charging acquired Zemetric, Inc., strengthening its position in the EV infrastructure sector. In November 2024, Relux Electric secured ₹250 crore in funding to support the scaling of fast-charging infrastructure across South India.
Notable developments include the Linz-based company KEBA's acquisition of the insolvent Carinthian company EnerCharge in 2024, expanding its portfolio to include DC charging solutions for the (semi-) public sector and strengthening its position as a full-range provider in the electric commercial vehicle charging station market. This acquisition contributed to market development by enhancing KEBA’s capabilities and offerings, facilitating simpler and more comprehensive charging infrastructure solutions.
On the horizon, battery swapping technology is emerging as a promising solution for commercial fleets, offering faster charging times and potentially reducing operational costs. As the market continues to evolve, it's clear that the future of commercial vehicle depot charging is bright, filled with opportunities for innovation and growth.
