Charging Ahead

 

Electric vehicle charging stations need to be installed about five times quicker than the current rate if the world is really going to move to electric cars. This is the estimation of a research firm called Policy Exchange.

In the UK, sales of new gas-powered cars will be banned by 2030. This means that electric vehicles will be the standard in short order and the UK will need about 400,000 charging stations to support them. Currently, about 7,000 stations are built per year but that needs to jump to 35,000 per year. Already EV adoption was up to 17% of the market in 2020, up from 3% in 2019.

 

 

Share this article

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on whatsapp
Share on vk
Share on email
Share on reddit

Related Articles

Join the mailing list

Get the daily email that makes reading the investment news actually enjoyable.

Scroll to Top