A new analysis reveals that the Government is on track to miss its 2030 target of 300,000 electric vehicle (EV) chargepoints by nearly 130,000.
Based on last year’s growth rate, the network will reach only 171,000 installations, according to an analysis by ALA Insurance.
This infrastructure deficit coincides with a major industry retreat. Honda recently scrapped three EV models, absorbing a £12bn loss, while giants like Mercedes, Ford, and Toyota have also trimmed their electric ambitions.
Simon England, founder of ALA Insurance, suggests the ‘tipping point’ was overestimated.
‘The industry looked at early adoption figures and assumed the tipping point was closer than it actually was. The truth is, until charging infrastructure feels as reliable as a petrol station and purchase price is within reach of ordinary buyers, most drivers will stick with what they know,’ he said.
He added: ‘What is harder to stomach is the Government that mandated the transition, then scrapped the plug-in car grant, introduced road tax on EVs and still failed to deliver on their own charging infrastructure targets.’
