Taking a ride down Electric Avenue
The move to Electric Vehicles have put pressure on EV infrastructure
Electric Vehicle (EV) purchases have grown significantly over the last few years, but this has put pressure on the infrastructure that serves the market
In the UK, 395,000 EVs were on the roads by the end of 2021, a number that doubled in a year
This is compared to the 28,375 electric vehicle charging points* nationally. While this a big increase from c. 2,000 chargers back in 2015, more recent growth has lagged behind the rise in EV ownership (a 9% rise in the last year)
In the UK, 395,000 EVs were on the roads by the end of 2021. This is compared to the 28,375 electric vehicle charging points nationally
And if the number of EVs continues to grow at a similar rate, the number of new charging points required in the UK may need to increase by as much as x16 times in the next five years
Of the UK chargers currently in operation, 18% are rapid chargers (5,156 in total) with Tesla, the most well known EV brand, operating 800 of these “Superchargers”
When looking at this globally:
- 6m EVs were purchased globally in 2021
- While this represented a big increase compared to recently years, it only represents 8% of total vehicle purchases (a number that will need to increase to 100% in the next few decades)
- There are c. 1.3m charging stations globally, and analysis from the Economist predicts that this number will need to rise to 40m by 2030, based on the number of EVs needed to meet carbon reduction goals
Charging Point*: this doesn’t refer to an individual location. There may be multiple charging points at one location
Source: Economist; Gov.uk; Next Green Car; Driving Electric
