UK EV Charging Equipment Market set to grow ~30% CAGR by 2027: How can investments in solving poor charging infrastructure and long queues propel future growth? : Ken Research

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UK EV Charging Equipment Market set to grow ~30% CAGR by 2027: How can investments in solving poor charging infrastructure and long queues propel future growth? : Ken Research

Government will invest £100 Mn in Britishvolt as the car battery manufacturing startup and 500Mn will be invested to bring High Quality and Competitively Priced Public Charge-Points, Says a report by Ken Research

1. UK Government Grants: Promoting Electric Vehicle Adoption through Home and Workplace Charging Schemes, Infrastructure Investment Fund, and Residential Charge Point Scheme.

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The UK government offers a 75% cost contribution for one charge point, with a maximum grant cap of £350 per installation, focusing on home charging for flats and rented accommodation. Over 277,000 charge points have been delivered through the EVHS, and a new £450M fund has been launched for larger-scale infrastructure projects, including rapid hubs and on-street schemes. There is also a voucher-based scheme that supports eligible applicants with 75% of purchase and installation costs, up to £350 per socket, and up to 40 sockets per applicant. Additionally, local authorities can receive grant funding for on-street EV charge point infrastructure, which has supported 2,038 charge points to date, with a further 4,539 planned for 2021-22.

2. Addressing the Growing Demand for Charge Points in the UK: Alleviating End User Frustration over Long Queues and Limited Availability.

UK's EV Charging Equipment Market driven by £100 Mn Government Initiative and over 35k Public Charging Stations Network: What Lies Ahead? : Ken Research

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UK's EV Charging Equipment Market driven by £100 Mn Government Initiative and over 35k Public Charging Stations Network: What Lies Ahead? : Ken Research

EV Charging Equipment Industry in UK is expected to growth at a robust CAGR of 29.2 % in next 5 years, says a report by Ken Research

1. Electrification of Vehicles in the UK Market: Government Policies and Grants Fuel the Need for Cleaner Connectivity Solutions.

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Britishvolt, a startup for car battery manufacturing, is set to construct the first large-scale gigafactory in the north-east of England, and the UK government has pledged to invest £100 Mn towards this initiative. Meanwhile, ADL and BYD, in partnership with SSE, have developed an innovative electric bus operating center at the RATP Dev Shepherd’s Bush garage in West London. The aim is to create London's first zero-emission bus garage.

2. UK's Public Charging Station Network Reaches over 35k in 2022 with Greater London Leading the Way with over 10k Stations.

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• EV drivers in England can now access a rapid charge point within 25 miles along any major road, ensuring easy charging access.

• Private charging stations in the UK have grown at an impressive compound annual growth rate (CAGR) of 98.90% between 2017 and 2022.

• The UK government has implemented various incentives and grants to encourage the development of EV charging infrastructure. Initiatives such as the Rapid Charging Fund, Electric Vehicle Home Charging Scheme, Workplace Charging Scheme, On-Street Residential Charge Point Scheme, and Charging Infrastructure Investment Fund have greatly stimulated the EV charging market.

Major Players Mentioned in the Report:

• Rolec
• Tesla
• Mer
• Ubitricity
• BP Pulse
• Pod Point
• Genie Point
• Osprey Charging
• Charge Place Scotland
• Source London
• gy
• Insta Volt Ltd
• Connected Kerb
• GridServe

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:

• Electricity Supplier
• EV Manufacturers
• EV Charging Equipment Manufacturers
• EV Charging System Operator
• Demand side Transport Operators
• Government Bodies

Time Period Captured in the Report:

• Historical Period: 2017-2022
• Base Period: 2022
• Forecast Period: 2022-2027

For more insights on the market intelligence, refer to the link below: –

UK EV Charging Equipment Market

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KSA EV Charging Equipment Market Outlook to 2027F

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