Press release
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.
For more insights on market intelligence, refer to the link below: -
https://www.kenresearch.com/industry-reports/uk-electric-vehicle-charging-equipment-market
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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.
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