SPECIALIST INSIGHT
locations such as flats , hotels or the workplace , as they charge over a longer period of time .
Comparatively , DC charging points charge up vehicles more rapidly , primarily serving the use case of when a driver is driving beyond his or her battery range . In this scenario , DC charging solutions are most suitable in public places such as motorways , city centres , supermarkets and retail car parks where customers stay for a shorter amount of time .
With the UK government ’ s commitment to EV incentives , such as low company car tax rates , how do you see the demand for EV infrastructure evolving in urban residential settings ?
The EV market in the UK is already well into the tens of billions and is showing no signs of slowing down , particularly considering government incentives such as lower company car tax rates . By 2024 , the UK EV market is forecast to hit US $ 34.0 billion (£ 26.9 billion ), with an even bigger climb to US $ 51.3 billion (£ 40.6 billion ) projected by 2029 . Thanks to the Chancellor ’ s EV tax perks and ongoing improvements in urban charging infrastructure , more UK residents are likely to feel at ease opting for an EV , both financially and practically .
As charging options continue to grow in cities , people will have more opportunity to charge their vehicles overnight at home or work , in addition to public charging locations . As EVs continue to gain market share and businesses lease more EVs as company cars , property owners will continue to see increased demand for on-site charging stations – a prime market opportunity they should be keen to seize . �
50 www . intelligentbuild . tech