Public Infrastructure Rollout Restricting EV Adoption

Market research provider Juniper Research’s new study has found that the slow introduction of public infrastructure for electric vehicles (EVs) has limited their uptake in urban areas. The study identified a significant gap between public and home charger adoption, with over twice as many home chargers as public chargers being in service by 2027. Juniper flagged the inability of flat and apartment owners to install home chargers as a significant stumbling block to the adoption of EVs. Charging points for such vehicles are projected to grow globally by 220% between 2023-2027 globally, rising from 14.2 million this year to 45 million in 2027. The study said current government initiatives are not sufficient to accelerate EV adoption, suggesting new innovation and business models are needed. It also highlighted that the fragmentation in charging networks has limited global EV adoption, with the number of different charging rates, payment systems and access requirements harming consumer enthusiasm”. Nick Maynard, Vice President of Fintech Market Research at Juniper, said: “It is clear that regulatory initiatives, such as requiring charging points to be added to new buildings, are insufficient by themselves to roll out charging infrastructure on a wide enough scale to drive environmental benefits. EV charging networks must work together with both city authorities and each other to identify how best to plug gaps in charging infrastructure, or EV adoption will continue to be limited.” 

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2024 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top