Deployment of electric vehicle (EV) and infrastructure: Supporting the mobility transition will increasingly require the participation of power and utilities providers, particularly in the form of partnerships.
Bundled energy products and partnerships: Bundled energy products and partnership opportunities will emerge as EV consumption becomes increasingly integrated with energy consumption in the home.
Electrification of fleets: For commercial and corporate fleets, the benefits of electrification are more obvious than for private consumers, particularly given emissions regulation and Ultra Low Emission Zones. We see huge potential for the electrification of UK fleets and the provision of charging equipment for urban use cases.
Shift in how forecourts are used: As the proportion of fleets that is electrified increases, petrol forecourts are expected to face declining fuel sales. Many energy companies are now investing in rapid-charging equipment both to enter the EV charging market and to offset potentially declining hydrocarbon revenue streams.
However, it is not yet known whether future consumers will follow the same refuelling patterns as internal combustion engine vehicles or instead prefer to charge at home or other locations.
Partnerships with OEMs/CPOs: With several big-ticket purchases in the news over the past few years, we see significant scope for collaboration between energy companies, chargepoint operators and OEMs, who all have stakes in expanding the network of charging infrastructure in the UK.
