"Wood Mackenzie expects 1.5% of all passenger vehicles in the United Kingdom to have a plug by the end of 2020, ramping up to 43% by 2040.
"At this nascent stage in the United Kingdom and globally, electric vehicle (EV) charging business models continue to evolve - especially charging that is aimed at supporting long trips. Rapid charging facilities require high utilisation because at low utilisation, charging costs scale with the speed of charging. This has led to government, regulated utilities and car companies being the primary organisations developing these facilities in Europe, China and parts of the US at a short- and mid-term loss.
"The European Commission’s Green New Deal proposal seeks to continue subsidies for similar long-distance charging hubs and rural charging facilities well into the 2020s to combat road-trip range anxiety and improve access in underserved areas. The scale of the United Kingdom’s £500 million to support rapid EV charging hubs is high versus its peers in Europe today. However, it is likely that we will see similar efforts in Europe as the Green New Deal roadmap is fleshed out."
