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 is aligned with Acuity's, Strategy Research and Consulting team with an experience of over 10 (ten) years in managing and executing projects in different sectors including Energy, Infrastructure and Power etc.

Rohit has a diverse experience of working with stakeholders across the value chain including project developers, regulators, policy makers, financial institutes, investment agencies etc. with focus on strategy and operations, new investments, deal advisory, suggesting market entry strategies, business plans, process transformations, operation strategy, pitch documents, implementation support etc. for diverse players in Asia, Africa and Europe.

Prior to joining Acuity, Rohit has worked for one of the big-4 consulting firm and other boutique management consulting firms.

Rohit holds a Masters in Business Administration (M.B.A) with specialization in Energy from University of Petroleum and Energy Studies (U.P.E.S) and a Bachelors in Engineering (B.E) from M.D.U, India

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