Automotive and mobility market is undergoing a revolution. Electric vehicles continue to see record-breaking year-over-year sales growth which is set to accelerate as environmental protection initiatives globally and locally incentivize the migration to green alternatives. In order to meet the Climate Protection Plan, most of the governments in EU give incentives for buying electric vehicle. Germany even increases the funding from €3,000 to €6,000. As electric vehicles continue to expand, so do the charging stations. Joe Biden, the president of the United States, has set an ambitious goal of building 500,000 new public EV chargers across the U.S by 2030 and more than half of all new cars could be electric by 2040. The increasing of charging station focus on reducing the charging time for EVs has increased the adoption of fast charging networks such as universal fast chargers, ultra-fast chargers, and bi-directional fast chargers. Such advances in EV charging technology will drive market growth over the forecast period.