UK electric vehicle charger market is forecast to augment at a CAGR of over 18.0% during the forecast period, 2019-2025. Government subsidies on the electric vehicle, and on charging infrastructure is one of the major factors augmenting the market growth in the country. A maximum grant up to $4,550 can be availed by the individual while buying an electric car in the country whereas a subsidy up to $10,400 can be availed on purchasing an electric van. Along with that, an individual can also avail various tax rebates. Under Electric Vehicle Home Charge Scheme (OLEV) government also provides a subsidy up to 75% (or $650 whichever is minimum) of the total purchase and installation cost of one electric vehicle charger at the home. Under Workplace Chargepoint Grant, a company can avail a subsidy up to 75% (or $650 whichever is minimum) for each socket. Each company can install up to 20 sockets. Apart from this, various local authorities offer additional subsidies and tax rebates to the individuals for purchasing electric cars and installing electric chargers. All these subsidies will aid the country to achieve the target of net zero carbon dioxide emission by 2050.
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Key companies contributing to the market include ABB Ltd., Alfen N.V., ChargePoint, Inc., Eaton Corp., Engie, Leviton Manufacturing Co., Inc., Schneider Electric SE, Siemens AG, Tesla, Inc., Webasto SE, and others. The market players are considerably contributing to the market growth by the adoption of various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
UK Electric Vehicle Charger Market by Ownership
- Public
- Private
UK Electric Vehicle Charger Market by Charger Type
- Slow Charger
- Fast Charger
UK Electric Vehicle Charger Market by Connector
- AC Connectors
- Type 1
- Type 2
- Other (Domestic Socket)
- DC Connectors
- CHAdeMO
- Combined Charging System (CCS)
- Type 2 (Tesla)
Company Profiles
- ABB Ltd.
- Alfen N.V.
- Chargemaster Ltd.
- ChargePoint, Inc.
- Eaton Corp.
- Engie
- Leviton Manufacturing Co., Inc.
- Schneider Electric SE
- Siemens AG
- Tesla, Inc.
- Webasto SE
- The New Motion B.V.
The Report Covers
- Comprehensive research methodology of the UK electric vehicle charger market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the UK electric vehicle charger market.
- Insights about market determinants which are stimulating the UK electric vehicle charger market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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