Electric Vehicle Charging Q1 2024

The first quarter of 2024 has seen some significant developments in the electric vehicle (EV) charging sector. Here are some key highlights:

Market Study: The Competition and Markets Authority completed its market study into electric vehicle charging in the UK. The study aimed to build a comprehensive and competitive EV charging sector that works for all drivers.

Charging Infrastructure: Forecasts suggest that at least 280,000 to 480,000 public chargepoints will be needed by 2030, which is more than 10 times the current number. The study also highlighted the need for a suitable mix of different types of charging spread across the UK.

Challenges: The study found greater challenges in rolling out charging along motorways, remote locations, and on-street. Therefore, targeted interventions are necessary to kickstart more investment and unlock competition.

UK EV Charging Companies: The latest Q1 2024 benchmarking report for UK EV charging companies was published. It covers the largest 11 national EV charging companies, including Pod Point, InstaVolt, Osprey Charging, Egg, bp pulse, IONITY, GRIDSERVE, Wallbox Chargers, evchargepod.co.uk, ChargedEV, and Plug Me In.

These developments indicate a strong commitment to building a robust EV charging infrastructure in the UK. However, there are still challenges to overcome to ensure a comprehensive and competitive EV charging network.