You are a senior analyst at Gamma Private Equity, and you are evaluating the electric vehicle (EV)
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Question:
You are a senior analyst at Gamma Private Equity, and you are evaluating the electric vehicle (EV) charging station market in Europe. Your preliminary research has shown:
- Europe has 200 million vehicles in total.
- By 2030, 20% of all vehicles in Europe are projected to be EVs.
- The average EV owner uses a paid charging station 5 times per month, spending $10 each time.
Based on this data, what is the projected Total Addressable Market (TAM) for paid EV charging stations in Europe for a single month in 2030?
- $2 billion
- $200 million
- $400 million
- $10 billion
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