Cornwall Insight and TLT spoke to stakeholders in the Electric Vehicle (EV) charging space about the charging infrastructure market and the business models that support it.
The UK’s 2030 petrol and diesel car sales ban is igniting the charging infrastructure race. However, there are still challenges ahead related to technology, regulation, and consumer behaviour, and the discussion on the market readiness of EV charging infrastructure is ongoing.
This report addresses some of those challenges, discusses how we can break down the funding barriers, and examines the market trends.
Key findings include:
- Rapid charging is an essential and growing part of the market
- Destination charging is two-fold, with daily use and recreation or holiday charging
- Fleets need to make a substantial move to electrification
- Home charging expected to become primary source of charging
