Introduction

In recent years, there has been a prevailing narrative that there is a lack of charging infrastructure for electric vehicles (EVs) in the UK. However, Ian Johnston, CEO of Osprey, a leading charging company, believes that this perception is unfair and misleading. In fact, he argues that the charging network has experienced a remarkable expansion, with a 46% year-on-year increase in size. With over 65,000 operational chargers in the country, Johnston emphasizes that the charging infrastructure is growing rapidly and continuously.

Charging Network vs. EV Demand

While the demand for EVs has seen only marginal gains in sales, Johnston asserts that the charging network has been expanding ahead of the demand. Charging companies like Osprey are focused on funding and building infrastructure in anticipation of the future surge in EV adoption. Despite the current fluctuations in EV demand, the long-term trajectory towards electric mobility remains clear.

Addressing Stigma and Past Concerns

Johnston acknowledges that there are lingering stigmas and past concerns about the charging network that may hinder the wider adoption of EVs. However, he highlights the significant improvements made in recent years. Drivers can now access high-power charging hubs, eliminating worries about queues or charger reliability. Additionally, industry standards are being implemented to ensure a professional, reliable, and user-friendly charging experience. Consumers will no longer need multiple apps to pay for different chargers, and league tables will showcase the best and worst charging providers.

Government Support and Future Expansion

Johnston expresses disappointment with the previous government’s decision to push back the ban on non-electric car sales to 2035, citing the lack of charging infrastructure as one of the reasons. However, he is optimistic about the current government’s engagement with the charging network through dialogue with industry body ChargeUK. The government’s focus on infrastructure development aligns with its goal of revitalizing the economy. Johnston emphasizes that the charging industry does not require financial assistance but rather a more conducive operating environment. Companies like Osprey are investing millions of pounds in installing new chargers, and the total investment in the charging sector amounts to approximately £6 billion.

Preparing for Future Demand

Similar to car companies investing in new brands and products to position themselves for future success, charging companies are installing networks at a loss to be ready for the projected increase in demand. Currently, the revenue generated from charging fees is minimal, and the margins are slim due to the need to cover electricity costs and operational expenses. However, Johnston believes that profitability will come in the future when the true level of charging demand is realized.