UK Electric Vehicle Charging Stations Market Size, Share, Opportunities, And Trends By Vehicle Type (Battery Electric Vehicles (BEV), Plug-In Hybrid Electric Vehicles (PHEV)), By Application (Commercial, Residential), And By Charging Type (AC Charging (Level 1 And Level 2), DC Charging) - Forecasts From 2025 To 2030

The United Kingdom electric vehicle charging stations market is projected to expand at a CAGR of 21.67% over the forecast period, increasing from US$745.871 million in 2025 to US$1,988.755 million by 2030.

A charging station for EVs (electric vehicles) is a device that links an EV to a power source, allowing electric cars, neighborhood EVs, and plug-in hybrids to be charged. The market is expected to grow in the UK due to favorable government policies and the increasing ownership of electric vehicles. Developments in the country concerning the establishment and investments by various market players are substantially boosting the demand. 

For instance, by 2030, the members of ChargeUK have together said that they would invest more than 6 billion pounds ($7.5 billion) in building and running new EV charging infrastructure. Furthermore, in December 2022, an exclusive contract for bp pulse was made to add high-speed electric vehicle charge stations to over 70 M&S shops, expanding its national charging network. With an initial goal to construct up to 900 bp pulse charge stations, the first test sites are currently operational at M&S Maidstone Eclipse and Southgate. The business will invest £1 billion in UK EV charging infrastructure by 2030 as part of M&S's aspirations to create a retail estate fit for the future and make it simpler for consumers to live a lower-carbon lifestyle.

Similarly, in February 2023, Swarco Smart Charging, a unit of the traffic technology firm that specializes in developing EV charging infrastructure, launched PoGo. In the United Kingdom, the company has set up more than 12,000 charging stations, both residential and commercial, leading to market growth.

The number of ‘destination’ chargers was 27,583, and the number of ‘on the street’ chargers was 22,199 in April 2024 in the country. These represent 46% and 37% of all charging devices, respectively.

What are the drivers of the United Kingdom electric vehicle charging stations market?

• The increasing electric vehicle sales are anticipated to fuel the United Kingdom's electric vehicle charging stations market expansion.

The primary reason for the development of electric vehicle charging stations in the United Kingdom is the demand for electric vehicles in the country. This increased demand for EVs is due to the supporting government policies, such as the ZEV mandate. 80% of new cars and 70% of new vans sold in Great Britain will be zero emission by 2030, increasing to 100% by 2035. Further, shifting consumer demand has also created space for the electric vehicle market growth.

According to the International Energy Agency (IEA), the sales for the BEV in the market have expanded from 270,000 in 2022 to 310,000 BEV in 2023, and the sales for the PHEV were 100,000 in 2022 and reached 140,000 in 2023. The increase in the overall EV market would cause demand for electric vehicle charging stations at various places. 

Moreover, BEV’s widespread adoption leads to an increased demand for charging stations. Government initiatives are crucial in promoting growth, with plans to enforce clean vehicle sales targets starting in 2024. The UK electric vehicle infrastructure strategy in 2022 revealed Bentley, Rolls Royce, and others committing to a zero-emission future from 2030, accompanied by over Euro 3 billion investment in the UK's zero-emission vehicle sector. In 2022, the UK became a leader in the EV transition with around 29,600 public charge points, out of which 5,400 are rapid chargers, which take around 30 minutes. These devices store and deliver energy efficiently through discharge and charging processes.

The United Kingdom recognizes that focusing on battery electric vehicles is only half of the challenge, and a world-class charging infrastructure for these vehicles is fundamental in delivering net zero road transport. Electric vehicle charging should be cheaper and more convenient than refuelling at a petrol station. In 2022, Shell announced that it would be investing £250 million in the UK electric vehicle charging network over the next five years. This investment will be used to install 50,000 new charging points across the UK.

Furthermore, as per the data from the Society of Motor Manufacturers & Traders (SMMT), the total EVs registered in 2022 were 267,203 in the UK as compared to 190,727 in 2021. This substantial rise in EV registrations reflects the increasing popularity and adoption of BEVs in the UK, aligning with the country's efforts to promote sustainable transportation and reduce greenhouse gas emissions.

Additionally, private players have fostered healthy competition, leading to technological advancements and improved service quality. For instance, in 2023, the UK's first largest electric vehicle charging hub opened at Birmingham’s NEC conference center, which can charge up to 180 vehicles at a time in less than 15 minutes. This symbiotic relationship between the private sector and the EV charging ecosystem has played a crucial part in expediting the widespread adoption of BEVs in the UK.

• The increasing demand in DC charging segment is anticipated to fuel the United Kingdom electric vehicle charging stations market expansion.

A DC charger, in contrast to AC chargers, contains the converter within the charger itself. This shows that it can power the vehicle's battery without going through the onboard charger's conversion process. DC chargers are a significant advancement for EVs because they are bigger, faster, and more powerful. In addition, it is projected that over the next few years, the industry will experience significant growth, helped by greater government funding for constructing public charging stations than it experienced over the past few years.

Government initiatives in several different countries worldwide are helping to increase the number of fast charging stations for cars; the same is true for the UK. For instance, the government announced plans in March 2022 to help the domestic market reach 300,000 public electric vehicle charge points by 2030, which is approximately five times as many petrol pumps as there are on the roads now. This will significantly expand the UK's charging infrastructure. By 2035, at least 6,000 high-powered DC super-fast charge points will be installed along England's motorways with the help of the existing £950 million Rapid Charging Fund, ensuring that the UK maintains its position as the Western world's leader in the installation of rapid and ultra-rapid public chargers. 

According to updated statistics published by the Department of Transport, in May 2022, the number of electric cars has more than doubled in the north of England, as the government's push for more affordable and environment-friendly transportation creates tens of thousands of green employment nationwide. The demand for DC fast charging stations close to highways where charging time is a concern will eventually rise as the number of EVs on the road increases nationwide. DC charging will experience growth owing to the government's recently released Electric Vehicle Infrastructure Strategy, which is supported by £1.6 billion in funding and aims to tenfold on-street EV charging and eliminate so-called "range anxiety" throughout the UK.

The contribution of different companies is also a factor in this market segment’s growth. For example, in December 2022, Marks & Spencer (M&S) and BP Pulse reached an exclusive contract to add high-speed EV charging points to the M&S shop estate throughout the UK. According to the deal, BP Pulse, an electric car charging company, and M&S will collaborate to construct 900 electric vehicle charge stations in about 70 of M&S' national locations over the next two years. The rollout will significantly expand BP Pulse's network, expand the UK's charging network, and boost the charging capacity of the UK's EV infrastructure by up to 40,000 kWh. During the rollout, DC ultra-fast (150kW) and rapid (50kW) charge points will be installed to give the right speed for each need.

Recent developments in the United Kingdom electric vehicle charging stations market:

• February 2024- The UK government's launched Plan for Drivers targeted supporting electric vehicle drivers, including grants for schools and cash for councils. It included a plan to inaugurate the support for greener schools, giving up to 75% funding towards buying and installing charge points, up to £2,500 per socket, from the previous £350.

The United Kingdom electric vehicle charging stations market is analyzed into the following segments:

• By Vehicle Type
  • Battery Electric Vehicle (BEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
• By Application
  • Commercial
  • Residential
• By Charging Point
  • AC Charging (Level 1 And Level 2)
  • DC Charging

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. UNITED KINGDOM ELECTRIC VEHICLE CHARGING STATIONS MARKET BY VEHICLE TYPE

5.1. Introduction

5.2. Battery Electric Vehicle (BEV)

5.3. Plug-in Hybrid Electric Vehicle (PHEV

6. UNITED KINGDOM ELECTRIC VEHICLE CHARGING STATIONS MARKET BY APPLICATION

6.1. Introduction

6.2. Commercial

6.3. Residential 

7. UNITED KINGDOM ELECTRIC VEHICLE CHARGING STATIONS MARKET BY CHARGING TYPE

7.1. Introduction

7.2. AC Charging (Level 1 And Level 2)

7.3. DC Charging

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. ChargePoint Inc.

9.2. BP Chargemaster (BP Pulse)

9.3. Siemens AG

9.4. Tesla Inc

9.5. POD Point

9.6. EVBox

9.7. Alfen N.V.

9.8. InstaVolt

9.9. Shell Recharge

9.10. E.ON UK plc

9.11. Eaton

ChargePoint Inc.

BP Chargemaster (BP Pulse)

Siemens AG

Tesla Inc

POD Point

EVBox

Alfen N.V.

InstaVolt

Shell Recharge

E.ON UK plc

Eaton