larger charging infrastructure needed for EV adoption

According to LeasePlan's 2023 EV Readiness Index, the charging infrastructure sector has seen significant growth. According to the study, charging infrastructure increased by 45 points (+43%) over the previous year. Despite this, it continues to obtain the lowest scores, impeding the transition to EVs.
The public charge points in relation to the population, the public charge points in relation to the market for EV registrations, and the availability of (DC) fast chargers in relation to the size of available highways are the key elements in the index of the charging infrastructure factor. The charging infrastructure in markets like Germany, France, and the United Kingdom has significantly improved since last year.

Germany now has 96,964 public charging stations in total, with 1.16 charging stations for every electric vehicle registered in 2021 and 138 fast charging stations for every 100 kilometers of highway. Furthermore, depending on the region, the country provides incentives for equipment charging.

France has 120,204 public charging stations, with 3.65 stations per registered EV in 2021 and 121 fast charger locations per 100 kilometers of highway. The country provides incentives such as a 30% tax credit and a 5% VAT reduction for the installation of charging infrastructure in single-family homes and condominiums.

There are 71,576 public charging stations in the United Kingdom, 1.94 stations for every electric vehicle registered in 2021, and 346 fast charging stations for every 100 kilometers of highway. The government offers an EV charge point grant that entitles homeowners who live in flats and people in rental accommodation a 75% discount (up to £350 inclusive of VAT). The local electric vehicle infrastructure (LEVI) fund is expanding and will help local governments install tens of thousands of charge points.

According to the index, a mature charging infrastructure contributes to a smooth EV transition. While progress has been made, much more work remains to be done in order to create a truly sustainable transportation future. Governments and industry players must work together to improve charging infrastructure, which is still a bottleneck in the EV transition.

Access the report here

Source: EV readiness index 2023 | LeasePlan
Related news

The road to European automakers' 2025 CO2 targets

The automotive industry in Europe is on a transformative journey, underpinned by stringent regulatory frameworks aimed…

read more
Electric Vehicles
Europe
Published by: Editorial board | April 16, 2024

Governments boost ZEV market with strategic incentives

Zero-emission vehicles (ZEVs) are seeing a significant uptick in global sales, bolstered by robust governmental support…

read more
Electric Vehicles
Global
Published by: Editorial board | April 15, 2024

Nationwide Initiative Paves the Way for Highway Truck Charging

In a move set to redefine the landscape of long-haul trucking in Germany, a collaborative project…

read more
EV Charging
Europe
Published by: Editorial board | April 11, 2024

Understanding India’s new EV policy: prospects for Tesla and others

Amid a global slowdown in electric vehicle (EV) demand, major markets are witnessing a shift in…

read more
Electric Vehicles
Asia
Published by: Editorial board | April 10, 2024