DUBLIN, Aug. 26, 2022 /PRNewswire/ — The “United Kingdom Electric Vehicle Charging Infrastructure Market, By Vehicle Type, By Type, By Charging Mode, By Installed Location, By Connector Type, By Type of Charging, By Region, Competition Forecast & Opportunities, 2017-2027” report has been added to ResearchAndMarkets.com’s offering.
United Kingdom electric vehicle charging infrastructure market is projected to grow at a formidable rate during 2023-2027
The market growth can be attributed to the high demand for electric vehicles due to rising concerns related to vehicular pollution and enhanced environmental awareness.
A surge in demand for efficient charging has led to an increased focus on expanding charging facilities in the country. Hence, private players and government bodies are investing huge sums of money for improving electric vehicle infrastructure, contributing to market growth.
In 2021, the sales of electric vehicles increased by 76.3% and currently, 450,000 electric cars are running across the country due to greater affordability and enhanced efficiency of vehicles. Rising government and private sector initiatives to encourage the adoption of electric vehicles are also expected to Propel market growth.
Moreover, the development of technologies such as portable charging stations, smart charging with load management, automated payment technology, etc., is anticipated to create more growth opportunities for the United Kingdom electric vehicle charging infrastructure market in the…