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