The US EV charging market is temporarily affected by numerous variables due to the 2024 US presidential election. Alex Lin, Chairman of Phihong’s EV charging market subsidiary, Zerova, stated that while the US market has slowed down, markets in Europe and Japan have shown growth, compensating for the US market’s vacancy. The overall revenue for 2024 is predicted to be about the same as 2023, with hopes of returning to a growth rate in 2025.