March 5th, 2018
5th March 2018
- Electric car parc in the UK expected to grow to over 500,000 by 2020 and 8 million by 2030
- Around 70,000 charging points expected by 2020 and over 500,000 forecasted by 2030
- Chargemaster to invest £50m in expansion of POLAR charging network in next two years
Consumers can be confident that the array of new electric cars unveiled at the Geneva Motor Show will be supported by a rapidly expanding number of home, workplace and public charging points.
Forecasts by Chargemaster, the UK’s largest provider electric vehicle charging infrastructure, show that the UK electric car parc could grow to around 3 million by 2025, 8 million by 2030, 15 million by 2035 and 25 million by 2040.
Matching the growth in electric cars will be an increasing number of public charging points, led by Chargemaster, which is committed to invest £50m over the next two years on expanding the POLAR network with a combination of rapid and destination charging points in hotels, leisure facilities, shopping centres and other locations.
By 2020, there could be around 70,000 charging points both on the road and at destinations, with that number expected to rise to over 500,000 by 2030.
David Martell, Chief Executive of Chargemaster, said: “The biggest driver of electric car take-up will be consumer choice, and the array of new models shown in Geneva shows that the market is about to explode. Within the next few years, several hundred electric models will be available, with plug-in variants of every type of vehicle, and almost every individual model.
“Car buyers can rest assured that the charging infrastructure to support these vehicles will keep pace with the electric car market itself, as we will deploy thousands of home, workplace and public charging points over the coming years.”