Insights

Electric-vehicle (EV) adoption is increasing sharply across the globe among domestic, commercial and industrial customers. This trend is primarily due to the push from federal governments through policy mandates, and fiscal and financial benefits, but we expect this market to become self-driven soon. Based on the forecast growth trajectory of the EV market, energy companies in the UK are also seeking opportunities to enter the market. This insight paper highlights 10 power-packed trends shaping the future of the UK’s EV market.

In this age of decarbonisation and clean technologies, energy utilities need to respond faster than ever to cater to rapidly changing customer expectations and leverage growth-enabling trends. These trends showcase the EV market from the perspective of energy utilities, to highlight potential opportunities in the UK market.

Key Takeaways

• Trends, showcasing growth of the UK’s EV market and new targets mandated by the British government to encourage EV adoption. We also highlight how big energy companies and fleet operators are entering the EV market to build their brands
• Customer adoption trends, fast adopters, and preferred procurement models for EV adoption, including the main concerns of potential adopters of EVs in the UK
• Challenges in terms of public EV charging and emerging payment options, and new technologies being developed to make EV charging more affordable and convenient for end users
• New investments, partnerships among energy players in the EV market and how energy demand would vary with EV adoption in the UK in different scenarios


Author

Rohit Tyagi

Deliver Manager, Strategic Research and Consulting

Rohit Tyagi is aligned with Acuity Knowledge Research’s, Private Equity and Consulting team. He has over eight years of experience in managing and executing consulting projects for Energy & Utilities (E&U) sector clients.

Rohit has diverse experience of working with stakeholders across the value chain including energy utilities, regulatory bodies, generators, national think tanks, bilateral and multi lateral donor agencies etc. with focus on clean energy, energy storage, electric mobility, digitization, artificial intelligence etc. Rohit has managed/executed consulting projects pertaining to; corporate advisory, growth strategies, business plans, investment solutions, commercial due diligence, deal advisory, implementation support etc. for energy players in Asia, Africa and Europe.

Rohit holds degree in Master of Business Administration (M.B.A) with specialization in Power and Bachelor of Engineering (B.E) in Instrumentation and Control.

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