The electric vehicle (EV) market in the UK and Europe is growing rapidly, with one in six new vehicle registrations in the UK being EVs in the past six months. The UK is expected to have 10 million passenger EVs on its roads by 2030, and Europe as a whole is expected to have an additional 45 million EVs. This growth is driving demand for EV charging solutions, and the industry has seen consolidation with small startups professionalizing and growing into serious companies. COVID-19 has hit the UK economy hard, but the EV sector has bucked the trend, with sales growing by 140% in 2020. The strong upward trend is expected to continue, with the UK government aiming to end the sale of new petrol and diesel cars by 2030. The success of different business models in the EV charging market will depend on factors such as the cost and convenience of charging, as well as the availability of charging infrastructure.
