Electric Highway (e-Highway) Global Market Report 2025

The electric highway (e-Highway) market size has grown rapidly in recent years. It will grow from $25.43 billion in 2024 to $29.25 billion in 2025 at a compound annual growth rate (CAGR) of 15%. The growth during the historic period can be attributed to increasing standardization efforts for interoperable charging technologies, rising retrofitting of existing highways with electrification infrastructure, growth in cross-border collaborations for transnational electric freight corridors, increasing urbanization driving demand for electrified freight routes, and a stronger focus on lifecycle cost reduction and total cost of ownership benefits.

The electric highway (e-Highway) market size is expected to see rapid growth in the next few years. It will grow to $50.58 billion in 2029 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period is expected to result from increasing government investments in sustainable transportation infrastructure, rising demand to reduce carbon emissions in freight and logistics, greater adoption of electric heavy-duty vehicles for long-haul transport, expanding integration of renewable energy sources with highway electrification, and growing need to reduce fuel dependency and operational costs in transportation. Key trends in the forecast period include advancements in dynamic wireless charging technologies, enhanced integration of smart grids with highway electrification, innovations in energy storage systems supporting highway infrastructure, use of artificial intelligence for predictive maintenance and traffic optimization, and development of modular and scalable electrification components.

The growing need for charging solutions is expected to drive the electric highway (e-Highway) market. This need refers to the increasing demand for reliable, large-scale infrastructure to support the expanding electric vehicle fleet. As more electric vehicles enter the market, the pressure to develop efficient and accessible charging networks rises to ensure uninterrupted mobility. Electric highways provide continuous and large-scale power supply, enabling long-distance travel without frequent stationary charging stops. For example, in April 2023, the International Energy Agency reported that Europe’s fast charger network exceeded 70,000 units by the end of 2022, marking a year-on-year increase of approximately 55% compared to 2021. Therefore, the growing need for charging solutions is driving the electric highway market.

Key companies in the electric highway market are advancing electrified road systems, such as inductive charging technology, to allow electric vehicles to charge while in motion, improving efficiency and supporting sustainable long-distance travel. Inductive charging involves wireless energy transfer from coils embedded in the road to receivers installed in vehicles, enabling continuous charging without stopping at stations. For instance, in February 2024, Detroit unveiled the nation’s first wireless EV charging road, a quarter-mile stretch on 14th Street in the Michigan Central innovation district, featuring embedded inductive coils that wirelessly charge vehicles as they pass. This represents a major step toward broader adoption of zero-emission mobility.

In May 2022, Arendals Fossekompani, a Norway-based industrial induction heating and investment company, acquired IPT Technology for an undisclosed amount. This acquisition led to the creation of ENRX, a new company combining expertise in industrial heating and wireless charging to accelerate innovation in manufacturing and mobility. IPT Technology, based in Germany, specializes in inductive charging solutions for vehicles and contactless power supply systems for industrial and mobility applications.

Major players in the electric highway (e-highway) market are Volkswagen Group, Huawei Technologies Co. Ltd, Siemens AG, IBM Corporation, Cisco Systems Inc, Tata Motors, Scania, Volvo, Schneider Electric SE, Qualcomm, ABB Ltd., ChargePoint Holdings, Inc., Webasto Group, Evgo, IVU Traffic Technologies, Electreon, Elonroad, WiPowerOne, InductEV, and LG CSN.

North America was the largest region in the electric highway (e-highway) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in electric highway (e-highway) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the utilities sector, particularly in power generation, grid infrastructure, and renewable energy projects. Higher duties on imported equipment such as turbines, transformers, solar panels, and battery storage systems have increased capital and operational costs for utility providers, forcing them to reconsider project timelines or pass on expenses to consumers through higher energy rates. The water and waste management segments are also affected, with tariffs driving up the cost of essential machinery, piping, and treatment technologies. Additionally, retaliatory tariffs have disrupted global supply chains for critical raw materials like rare earth metals used in clean energy technologies, further complicating the transition to sustainable energy sources. The sector must now prioritize domestic sourcing, digitalization, and efficiency-driven innovations to manage escalating costs while ensuring energy security and regulatory compliance.

The electric highway (e-Highway) market research report is one of a series of new reports that provides electric highway (e-Highway) market statistics, including the electric highway (e-Highway) industry global market size, regional shares, competitors with the electric highway (e-Highway) market share, detailed electric highway (e-highway) market segments, market trends, and opportunities, and any further data you may need to thrive in the electric highway (e-Highway) industry. This electric highway (e-Highway) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

An electric highway (e-Highway) is a road transportation system equipped with advanced electrification infrastructure that allows electric vehicles, particularly heavy-duty trucks and buses, to draw power while in motion. The primary goal of e-Highways is to reduce reliance on fossil fuels, lower greenhouse gas emissions, and improve energy efficiency in long-distance and freight transport.

The main components of electric highways include hardware, software or platforms, and services. Hardware encompasses the physical infrastructure and equipment, such as charging systems, power converters, and monitoring devices, that enable continuous electrification of roadways for electric vehicles. These highways utilize technologies such as overhead lines, rails, and inductive systems, and are implemented on scales ranging from long-distance electrified roads to local electrified roads. Key end-users include government and public sector bodies, logistics and transportation companies, automotive original equipment manufacturers (OEMs) and mobility providers, as well as infrastructure developers and contractors.

The countries covered in the electric highway (e-highway) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electric highway (e-highway) market consists of revenues earned by entities by providing services such as energy supply and charging services, grid integration and load management, maintenance and repair services, data analytics and performance monitoring, and financing and leasing solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The electric highway (e-highway) market also includes sales of charging infrastructure hardware, power conversion and distribution systems, and energy storage solutions. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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