Engenie is aiming to double the number of rapid electric vehicle (EV) charge points in the UK, announcing ambitious plans to spend £35m on expanding its network at supermarkets and retail parks over the next five years.
The EV charging network firm announced yesterday that it aims to install more than 2,000 rapid charging points in public locations around the UK, funded by a £35m injection from investor Cube Infrastructure Fund II.
At present the UK has just under 2,200 rapid EV chargers available to the public across the country, meaning today’s announcement would almost double the current number.
Engenie has additionally promised to power all its chargers with 100 percent renewable electricity.
The company said it plans to install rapid chargers at more than 100 sites by Christmas this year, with a goal of finishing the full rollout by 2024. Once complete, the network could serve five million EV drivers annually, avoiding up to 25 tonnes of NOx pollution from fossil fuel cars each year, it said.
Ian Johnston, Engenie CEO, said the EV market was “marching into the mainstream” and private companies were increasingly seizing the investment opportunity.
“Those organisations offering public car parking can position themselves for the future by providing new value to customers and driving increased footfall by installing rapid chargers,” he said. “The EV tipping point is coming and this significant investment commitment positions us at the forefront of this burgeoning market.”
The announcement came as new research by What Car? magazine this week found that around 1.5 million UK households could switch to an electric car with relative ease, as many drivers rarely travel more than 100 miles in a single journey.
The survey, published on Wednesday, took in the views of 25,000 UK households, including more than 2,300 EV owners. It found that around 17 percent of multi-car households have a vehicle that never makes a journey of more than 100 miles.
As such, What Car? calculated that more than 1.5 million UK households could drive an electric car without fear of running out of battery power, as almost all EVs nowadays are able to travel at least that far on a single battery charge.
It added that 88 percent of UK homes had driveways suitable for home EV charging, and as a result estimated 5.5 percent of the UK’s 27 million households would be able to drive an electric car without any compromise on their typical car use.
Jim Holder, editorial director of What Car?, said the results were further evidence of the benefits of owning an EV, adding that as models become cheaper and the UK’s charging infrastructure more accessible in the coming years, more households are likely to switch to electric.
“While it is clear that there is more work to be done to make electric cars even more affordable, and to increase charging and range capabilities so that even more households can own them compromise-free, it is also evident that the manufacturers and infrastructure providers are further ahead in providing answers to consumers’ questions than is widely recognised,” he said.