UK EV Charging Equipment Market is at growing stage and has highly fragmented market. There are over 20 manufactures and charging networks players in market. Top 2 players such as Ubitricity and Pod Point in UK EV Charging Equipment Market hold major market share. Players are competing against each other on the basis of product range, price, number of charging stations and efficiency of services.
1. EV Market Gains Momentum with Urbanization, Technological Advancements, Green Imperatives, and Supportive Government Policies.
- The UK is a fast-growing economy with 5% urbanization in 2022. Over 57 million people live in cities, with a literacy rate of 99.0%, making them aware of trends and social responsibilities. The high EV adoption rate of 22.9% in 2022 is the main market driver, as the population embraces environmentally-friendly concepts.
- UK government promotes EV adoption and charging infrastructure development, aiming for smart EV charging as the norm by 2025, no new petrol/diesel vehicles by 2030, and zero emissions by 2035. Technological advancements like fast charging, wireless charging, and solar-powered charging have improved the EV charging experience.
- Rising gasoline prices have led to a shift towards EVs, particularly in London where diesel prices averaged £179.3ppl and petrol prices averaged £155.0ppl in 2022, releasing harmful emissions. EVs are viewed as a solution to climate-related challenges due to zero greenhouse emissions, and increasing climate awareness is driving market growth.
2. UK Government’s Strong Support for Electric Vehicles to Reduce Harmful Emissions.
The UK provides a Plug-In grant for electric vehicles costing less than £35,000 and emitting less than 50g/km of CO2, applicable for motorcycles, taxis, vans, trucks, and mopeds. Scotland and Northern Ireland offer a no-interest loan up to £35,000 for a new electric vehicle or van and £20,000 for a used one. The Office for Zero Emission Vehicles within the UK government supports the ZEV market, providing car owners with benefits like free parking and using bus lanes.
Market Taxonomy
UK EV Charging Equipment Market Segmentation
By Type of Vehicle
- Passenger Vehicle
- Commercial Vehicle
By Passenger Vehicle
- 4-Wheeler
- 2-Wheeler
By Application
- Public Charging Station
- Home Chargers
- Private Charging Station
- Portable Chargers
By Types of Chargers
- Fast (7-21kW)
- Slow (3-6 kW)
- Rapid (22-99 kW)
- Ultra- Rapid (100- 350 kW)
By Types of Connectors
- Type 2 (7 Pin)
- Type 1 (5 Pin)
- CHAdeMO
- CCS
- Tesla (Type 2 & CCS)
By Types of Entities
- CPOs
- Service Providers
- Manufacturers
By Types of Sale Channels
- Direct Sales
- Distribution
- Online Sale
By Source of Manufacturing
- Domestic
- Import
By Major Cities
- Greater London
- South East
- Scotland
- West Midlands
- Rest of UK
