That figure is expected to double this year as the Chinese government focuses on subsidizing EVs in an effort to combat pollution levels amidst a boom in urban population. Important recent announcements include Tesla's mass-market Model 3 starting reaching consumers this month, and Volvo's plans to begin phasing out cars that run on fossil fuels in two years. Key recent market drivers in Europe include: All this growth is driving the funding of companies that build EV charging infrastructure: EV charging firm ChargePoint raised $43 million in Series G venture funding in June, led by Siemens, to bolster its roll-out in Europe, bring its total fundraising to nearly $300 million since its founding 10 years ago. ChargePoint also announced that it will become the exclusive operator of all of GE's nearly 9,800 EV charging stations.