The UK electric vehicle charging stations market is anticipated to expand at a CAGR of 19.52% to attain US$1.62 billion by 2029 from US$664.988 million in 2024.
An EV (electric vehicle) charging station is a hub or center that offers charging solutions for these vehicles. This station links an EV to a power source, allowing electric vehicles, like passenger cars, two/three-wheel EVs, fleets, and electric transport vehicles, to charge their batteries. The EV charging station market is expected to experience significant growth in the UK. This is primarily due to the increasing ownership of electric vehicles and the introduction of new policies and investment plans to enhance the nation's EV infrastructure. Introducing new technologies, like self-driving, and the sustainability offered by such vehicles also propels this market’s growth.
The Society of Motor Manufacturers and Traders Limited (SMMTL), the largest trade association in the United Kingdom, stated that in August 2024, the total new registration of battery electric vehicles (BEVs) in the country was 19,113 units. This figure shows a 10.8% increase from August 2023, when the total new registration of BEVs in the nation was recorded at 17,243. Similarly, the year-to-date (YTD) BEV sales till August 2023 were 193,221 units, which expanded byabout 10.5% in 2024, reaching 213,544 units.
The organization further stated that in August 2023, BEVs held about 20.1% of the total new car market share in the United Kingdom, with petrol and diesel vehicles holding 55.7% and 6.5% market shares, respectively. The market share of BEVs in 2024 grew to 22.6%, with a decrease in the market share for petrol and diesel vehicles, which was recorded at 50.7% and 6.1%, respectively.
An EV (electric vehicle) charging station is a hub or center that offers charging solutions for these vehicles. This station links an EV to a power source, allowing electric vehicles, like passenger cars, two/three-wheel EVs, fleets, and electric transport vehicles, to charge their batteries. The EV charging station market is expected to experience significant growth in the UK. This is primarily due to the increasing ownership of electric vehicles and the introduction of new policies and investment plans to enhance the nation's EV infrastructure. Introducing new technologies, like self-driving, and the sustainability offered by such vehicles also propels this market’s growth.
UK Electric Vehicle Charging Stations Market Drivers:
- The increasing sales of electric vehicles.
The Society of Motor Manufacturers and Traders Limited (SMMTL), the largest trade association in the United Kingdom, stated that in August 2024, the total new registration of battery electric vehicles (BEVs) in the country was 19,113 units. This figure shows a 10.8% increase from August 2023, when the total new registration of BEVs in the nation was recorded at 17,243. Similarly, the year-to-date (YTD) BEV sales till August 2023 were 193,221 units, which expanded byabout 10.5% in 2024, reaching 213,544 units.
The organization further stated that in August 2023, BEVs held about 20.1% of the total new car market share in the United Kingdom, with petrol and diesel vehicles holding 55.7% and 6.5% market shares, respectively. The market share of BEVs in 2024 grew to 22.6%, with a decrease in the market share for petrol and diesel vehicles, which was recorded at 50.7% and 6.1%, respectively.
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Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive IntelligenceReport Coverage:
- Historical data & forecasts from 2022 to 2029
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UK Electric Vehicle Charging Stations Market is segmented and analyzed as follows:
- By Vehicle Type
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- By Application
- Commercial
- Residential
- By Charging Type
- AC Charging (Level 1 and Level 2)
- DC Charging
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. UK ELECTRIC VEHICLE CHARGING STATIONS MARKET BY VEHICLE TYPE
6. UK ELECTRIC VEHICLE CHARGING STATIONS MARKET BY APPLICATION
7. UK ELECTRIC VEHICLE CHARGING STATIONS MARKET BY CHARGING TYPE
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
9. COMPANY PROFILES
Companies Mentioned
Some of the key companies profiled in this UK Electric Vehicle Charging Stations Market report include:- ChargePoint Inc
- BP Chargemaster (bp pulse)
- Siemens AG
- Tesla Inc
- POD Point
- EVBox
- Ecotricity
- InstaVolt
- Shell Recharge
- ChargePlace Scotland
- IONITY GmbH
- GRIDSERVE
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 85 |
| Published | September 2024 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value ( USD | $ 664.99 million |
| Forecasted Market Value ( USD | $ 1620 million |
| Compound Annual Growth Rate | 19.5% |
| Regions Covered | United Kingdom |
| No. of Companies Mentioned | 12 |
