EV charge point investment critical as demand outstrips supply
PwC Strategy&’s Powering Ahead report, written in conjunction with Energy UK, suggests the UK electric vehicle market is now at a tipping point.
If the UK is to become a leader in electric vehicles and low carbon transport, access to a range of convenient charging solutions will be critical, the report suggests.
Consumer demand for electric vehicles (EVs) is growing rapidly and there are a few large incumbents providing charging infrastructure services and many new smaller entrants.
Steve Jennings, UK leader of Energy and Utilities at PwC, said: “The UK EV charging market is arguably one of the most advanced in Europe. We have one of the largest EV stocks of any EU country with a large conventional car fleet. We also rank alongside Germany when it comes to the number of publicly accessible fast chargers – an indicator of the UK’s efforts to provide the best service to consumers.