Driving demand: EVCI funding and development opportunities

Driving demand: EVCI funding and development opportunities

Our latest report on the electric vehicle charging infrastructure (EVCI) market combines exclusive data from Zap-Map, and expert analysis of the funding and development opportunities from industry leaders.

Phenomenal growth of EVCI

At the end of August 2022 there were 33,996 EV charge points across the UK, marking a 34% increase on last year.

• 33,996 EV charge points
• 34% year-on-year increase

Growing investor confidence

Growing confidence and use of EVs is leading private equity investors to consider EVCI investment far more than even a year ago.

“We're starting to see a degree of confidence and firms coming in looking to fund.”

James McKemey | Head of policy and public affairs at Pod Point

The rise and rise of rapid charging

What types of public charge points do you use?

There is significant growth in the use of ultra rapid charging, as drivers grow accustomed to “filling up” their battery as they would have done on fuel.

2022 results:

2021 results:

2020 results:

New funding models

As well as seeing the continued growth of equity investing, new funding models are starting to emerge.

“There’s a limited number of wind, solar and battery storage projects coming online to put money into, so you will have equity funders starting to pick up EV projects.”

Maria Connolly, TLT

“Repayment of utilisation-linked loans could commence once a base utilisation threshold is achieved, with payment profiles linked to anticipated utilisation rates.”

Lauren Pamma, Green Finance Institute

“Working in partnership with the local authorities, the energy network, the charging companies or software providers helps investors understand where demand is coming from.”

Kay Hobbs, TLT

More about the survey

The data in this report is taken from Zap-Map’s EV Charging Survey 2022 – conducted online with 4,358 EV drivers from its 44,400+ opt-in survey panel.

We also interviewed experts from the following organisations, and are grateful for their analysis, insights and predictions: Co Charger, Green Finance Institute, NatWest plc, Novuna Business Finance, Pod Point, The EV Network, TLT and Zap-Map.