P2P EV Charging Market Forecast 2025–2029: Scaling from US$104.3B to US$512B

The Peer-to-Peer (P2P) Electric Vehicle Charging market is evolving rapidly as electric mobility expands globally and users demand more accessible, flexible, and cost-effective charging options. Valued at US$104.3 billion in 2021, the market has grown significantly to reach US$227.9 billion in 2025, supported by rising EV penetration, expanding home and workplace charging infrastructure, and digital platforms that enable charger sharing. With a projected value of US$512 billion by 2029, the market is entering a phase of scale-up, characterised by interoperability, intelligent energy management, and increasing commercial participation. 

This report offers an in-depth strategic overview of the market, highlighting the key structural growth drivers, segment-level opportunities, emerging trends, and the evolving competitive landscape shaping this sector. The objective is to provide senior decision-makers with a clear analytical view of the market’s trajectory, while indicating areas that merit deeper investigation in the full version.

Understanding the Peer-to-Peer Charging Model 

Peer-to-peer charging represents a distributed model where private charger owners share their charging infrastructure with EV users through digitally enabled platforms. This model enhances charging access, alleviates pressure on public networks, and expands availability across both residential and commercial environments. 

Three primary shifts shape the market. 

First, rapid EV adoption is creating a sustained need for convenient, cost-efficient charging options. 

Second, the rise of app-based platforms is simplifying energy tracking, pricing, and transactional transparency between charger owners and EV drivers. 

Third, both private and commercial entities are increasingly integrating Level 1 and Level 2 chargers into homes, offices, retail centres, and semi-public facilities, creating new supply nodes for P2P networks. 

Collectively, these dynamics position the P2P model as a structural component of the broader EV charging ecosystem. 

Market Size Evolution: 2021–2029 Growth Trajectory

The growth of the P2P EV charging market reflects a broader shift toward distributed, user-driven charging ecosystems. Steady increases in EV adoption, improved charging technologies, and stronger platform participation are collectively expanding the market’s scale and maturity. Regulatory programs and private-sector investments are reinforcing this expansion, enabling wider charger accessibility across residential and commercial settings. As the market evolves, its size progression highlights both the strengthening demand base and the expanding role of digitally enabled charging models.

The snapshot below outlines how the market has advanced over time and where it is headed.

Global Peer-to-Peer Electric Vehicle Charging Market Size (2018, 2021, 2025, 2029)

2021, Foundation Phase with US$104.3 billion: The base year reflects early but strong momentum in the adoption of P2P charging. In 2021, residential charging dominated the application landscape, accounting for more than 62%. Home-based chargers gained traction as automotive manufacturers partnered with charging solution providers to streamline home installation and enhance user convenience. 

Level 2 chargers accounted for 73% of the total market revenue, driven by their faster charging speeds, compatibility with multi-vehicle settings, and widespread adoption in workplaces and residential complexes. Regional leadership came from North America with a 35.4% market share, underpinned by a combination of high EV penetration, active workplace charging programs, and strong corporate participation. 

2025, Acceleration Phase with US$227.9 billion: In 2025, the global market is expected to more than double from its 2021 base. The continued expansion of residential charging drives growth, as does the increasing deployment of commercial chargers and the maturation of peer-to-peer (P2P) software platforms, which offer seamless booking, payment, and real-time availability of chargers. 

The commercial segment begins to accelerate as businesses integrate EV charging into customer experience strategies. Retail centres, corporate offices, hospitality venues, and entertainment complexes gradually emerge as essential nodes in the distributed charging network. 

Underlying growth is also supported by national-level EV infrastructure programs and workplace charging initiatives that expand access to privately owned chargers. These developments create stronger foundations for P2P platforms and widen charger availability. 

2029, Scale-up phase with US$512 billion: The long-term outlook reflects the market’s transition toward a digitally orchestrated and highly utilised charging ecosystem. By 2029, innovations such as blockchain-based transaction platforms and wireless charging will enable new value pools and cross-segment integrations. 

Level 2 infrastructure continues to dominate as multi-vehicle chargers and intelligent energy management systems become standard. Residential users remain significant contributors to charger supply, but the commercial segment registers the fastest growth rate as more enterprises open their chargers to employees and the general public. 

The market’s evolution is reinforced by policy momentum, utility-driven charger rollouts, and collaborative models between automotive OEMs, charging solution providers, and digital platform operators. 

Core Drivers Shaping Market Growth 

The expansion of the P2P EV charging market is supported by a set of structural forces that are strengthening both demand and supply across the ecosystem. These fundamentals reflect long-term shifts in consumer behaviour, infrastructure development, and digital enablement. Together, they are shaping how the market scales, diversifies, and integrates into broader mobility systems. The drivers outlined below explain the underlying momentum behind the sector’s growth.

The following factors highlight the core enablers accelerating P2P charging adoption globally.

Rising Global EV Adoption: Increasing electric vehicle ownership remains one of the strongest drivers of demand for P2P charging. Government incentives, declining battery prices, and heightened environmental awareness are contributing to sustained momentum in EV sales, creating a scalable user base that relies heavily on distributed charging networks. 

Expansion of Home and Semi-Public Charging Infrastructure: The increasing availability of residential chargers, supported by OEM installation programs and utility-backed incentives, strengthens the foundation of supply for P2P platforms. The ability to monetise home chargers encourages wider adoption among homeowners. 

Growth in Workplace and Commercial Charging: Workplace charging programs, alongside installations in malls, hotels, bus depots, and corporate facilities, create new charging hubs that P2P platforms can integrate. The commercial ecosystem plays a growing role in shaping mid-decade and long-term market expansion. 

Integration of Digital Platforms: App-based platforms facilitate charger visibility, bookings, payments, and usage tracking, enabling a smooth user experience. Automation of pricing and transactions drives scalability by reducing friction between charger owners and EV users. 

Key Market Challenges Limiting Scale 

Despite strong growth, several hurdles impede seamless expansion. 

Challenges include competition from public charging networks, fragmentation in charging standards, and lower adoption potential in regions with fewer standalone homes. 

Competition from Public Charging Networks: Expanding public charging infrastructure, supported by government and utility investments, increases the number of readily available charging options, creating competitive pressure for P2P platforms in high-density urban areas. 

Fragmentation in Standards and Infrastructure: The presence of multiple hardware types, varied software providers, and differing regional regulations limits seamless interoperability and complicates cross-platform charging access. 

Limited Adoption in Markets with Lower Residential Ownership: Markets with fewer standalone homes face constraints in residential charger deployment. This impacts the potential pool of shareable chargers unless offset by strong commercial and workplace charging uptake. 

Emerging Opportunities Across the Ecosystem 

New technologies and segments are opening additional value pools. Opportunities include wireless charging integration, blockchain-enabled energy transactions, and expansion into multi-unit residences where shared chargers can be made accessible through P2P platforms. 

Wireless Charging Enablement: As wireless EV charging becomes commercially viable and OEMs introduce compatible models, P2P platforms will be able to integrate wireless charging pads in homes and commercial properties, creating new convenience-driven use cases. 

Blockchain-Based Energy Transactions: Blockchain technology provides transparency, trust, and automation, enabling secure peer-to-peer energy transactions without the need for centralised intermediaries. The digital auditability of consumption and payments strengthens platform reliability and scalability. 

Expansion into Multi-Unit Residences: Apartments and residential communities represent under-tapped opportunities. As these facilities deploy shared chargers, P2P platforms can allow controlled access to residents and visitors, expanding charging coverage. 

 

Market Trends Defining the next growth wave 

The P2P EV charging market is advancing as technology, infrastructure, and user behaviour evolve together. Smarter systems, broader participation, and more efficient charging models are reshaping how the ecosystem operates. These shifts are creating new opportunities for scale, utilisation, and service innovation. The trends below capture the key forces driving the next phase of growth:

Growth of Smart, Connected Charging Infrastructure: Digital monitoring, remote management, and app-based control enhance user convenience and optimise asset utilisation. These capabilities improve the attractiveness of chargers for P2P participation. 

Corporate Opening of Charging Networks: Large enterprises are increasingly making their charging stations accessible to employees and, in some cases, the public. This widens the distributed charging footprint and supports mid-term growth. 

Dual Charging Capabilities: Developments in multi-vehicle chargers enable multiple EVs to charge simultaneously, improving throughput and supporting commercial and residential settings with higher demand. 

Application Landscape Analysis 

Application dynamics within the P2P EV charging market vary significantly across user environments. Residential and commercial settings are adopting P2P models at different speeds and for different strategic reasons. Understanding these distinctions is essential to assessing how capacity, utilisation, and revenue generation will evolve. The overview below outlines how each segment is shaping the market’s overall progression.

Residential vs Commercial Market Size (2021, 2025, 2029)

Residential Charging 

Residential applications led the peer-to-peer EV charging market in 2021, holding a global revenue share above 62%. The segment reached USD 65.48 billion in 2021 and is projected to climb to USD 148.65 billion by 2025 and USD 343.49 billion by 2029. This strong performance is driven by OEMs and energy partners rolling out home-based and apartment chargers that are consistently accessible. Leading partnerships such as Enel X, working with Encore Energy and GM’s Ultium Charge 360, demonstrate how home charging infrastructure is being integrated to serve a much broader public. Residential charging is expanding as households use peer-to-peer platforms to monetise excess capacity, making homes and residential complexes important charging hubs for EV drivers.

Commercial Charging

The commercial segment was valued at USD 40.99 billion in 2021 and is forecast to grow to USD 83.93 billion in 2025 and USD 178.93 billion by 2029. This segment is expected to achieve the fastest compound annual growth rate in the years ahead. Commercial applications include public spaces, hospitality venues, and corporate premises, and their growth is powered by the rising number of partnerships and open-access initiatives. Companies like General Motors, Coca-Cola, and Indian Oil have started making their proprietary chargers available to the public, quickly expanding shared charging access. In this period, annual growth rates reached 0.95% and 0.49%, demonstrating a consistent rise in commercial accessibility and partnerships.

These developments in public and workplace charging are turning commercial locations into key nodes in the peer-to-peer EV charging network, with strong support from both government programs and private investments.

Charger Type Assessment  

Charger types influence how quickly P2P networks expand and how effectively users can charge. Each type offers different benefits in speed, usability, and deployment potential. The summary below highlights their role in the current market.

Level 2 Chargers: Level 2 chargers lead the market due to faster charging times, greater compatibility across property types, and suitability for both home and commercial applications. Corporate and utility-funded initiatives continue to expand the Level 2 footprint. 

Level 1 Chargers: Level 1 chargers hold a smaller share but remain relevant for overnight charging in residential environments and workplace installations, which are often supported by government programs. 

Regional Landscape (North America’s Leadership Position) 

Regional adoption patterns vary widely, shaped by differences in EV readiness, infrastructure investment, and policy support. Some markets are advancing faster due to stronger ecosystem participation and more mature charging networks. Understanding these dynamics helps clarify where P2P platforms can scale most effectively and why certain regions are emerging as early leaders. The overview below provides only a snapshot of the regional landscape; for deeper region-wise analysis, the full report is available through AgileIntel.

Regional Market Share (%) in Peer-to-Peer EV Charging, 2021

North America is the largest regional market, accounting for 35.4% of the global revenue in 2021. Several factors support this leadership position: 

• High EV adoption rates in the United States and Canada.

• Strong collaborations between automotive OEMs and charging solution providers.

• Expanding workplace and commercial charging infrastructure. 

• Utility-backed Level 2 charger deployment programs. 

  
  

The U.S. market exhibits substantial maturity, with strong participation from enterprises that have integrated charging into corporate campuses, retail networks, and public access facilities. These developments provide a strong foundation for the expansion of P2P platforms. 

Competitive Landscape Overview 

The competitive landscape is characterised by a diverse mix of hardware manufacturers, software platform providers, utilities, and mobility ecosystem participants. Competition is shaped by efforts to expand charger networks, enhance interoperability, and integrate advanced energy management capabilities. 

Hardware providers are differentiating themselves through innovations such as multi-vehicle chargers and smart, connected devices designed for remote monitoring and usage optimisation. These features enhance the attractiveness of chargers for P2P platforms by improving performance, reliability, and ease of integration. 

Platform providers compete through capabilities in charger discovery, booking, pricing automation, and seamless payment processing. The introduction of blockchain-based platforms is reshaping competitive dynamics by offering transparent, verifiable transactions that increase user trust and reduce administrative overhead. 

Utilities continue to influence the competitive environment through funding initiatives that encourage the installation of residential and commercial chargers. Their programs accelerate the availability of shareable charging assets and support broader regional adoption of P2P models. 

Across the value chain, partnerships, ecosystem convergence, and technology integration remain central strategic priorities. As mobility and energy systems become increasingly interconnected, competitive differentiation will hinge on the ability to deliver seamless, user-centric charging experiences at scale. 

Conclusion: Outlook for a Distributed, Digitally Orchestrated Charging Ecosystem 

The peer-to-peer electric vehicle charging market is entering a transformative phase marked by rising EV ownership, expanding charging infrastructure, and digital innovation. With the market expected to grow from US$104.3 billion in 2021 to US$512 billion by 2029, the sector is positioned for sustained long-term expansion. 

Structural enablers such as Level 2 infrastructure growth, commercial charging investments, blockchain-based platforms, and wireless charging readiness will continue to shape the evolution of P2P networks. North America’s leadership, combined with accelerating adoption across global markets, sets the stage for a more connected, distributed, and consumer-centric charging ecosystem. 

This preview highlights the major themes shaping the P2P EV charging market’s growth trajectory. For a deeper analysis covering regional dynamics, competitive positioning, technology evolution, and scenario-based forecasts, please contact AgileIntel for the full report.