Plugged In: Opportunities in the Electric Vehicle Infrastructure Market

The UK has made steady progress with electric vehicles with over 495,000 ultra-low emission vehicles now on the road across the country, driven by the government’s Road to Zero strategy.

Despite the effects of the coronavirus lockdown, the Society of Motor Manufacturers and Traders announced sales of electric and hybrid car sales hit record level in March as demand for greener vehicles surged.

The growing demand for electric vehicles comes as the government plans to implement a ban on selling new petrol, diesel or hybrid cars in the UK from 2030. Further announcements include a significant tax benefit for company car drivers and fleet operators, there was zero tax on Benefit in Kind (BIK) during 2020/2021, increasing to only 1% in 2021/2022 and 2% in 2022/2023.

This combined with 100% first year capital allowances, road tax exemptions and lower running costs presents a solid case for businesses looking to save costs whilst increasing their environmental credentials.

With forecasts predicting that 69% of passenger car sales and 57% of light commercial vehicle sales will be battery electric or plug-in hybrid vehicles by 2030, significant infrastructure needs to be built, installed and maintained. Economic research consultancy Capital Economics have estimated that the country needs 25 million electric vehicle chargers by 2050, meaning that 2,300 charging points need to be installed every day for the next 30 years.

What will attendees learn/take away from the session?

This webinar explores how to diversify, grow, and succeed in the electric vehicle infrastructure sector. By the end of the session, you will understand the market drivers and business case, recognise the practical skills needed and have the ability to develop an SME specific business model to succeed in the sector.

You will be able to:

• Understand global, UK and local electric vehicle progress and forecast
• Be familiar with factors driving growth including policy and legislation and the scale of the opportunity
• Understand the supply chain, positioning for an SME, threats and opportunities
• Design and build a business case following a deep dive into emerging business models for charge point installers
• Understand technology developments and skills needed to adapt in the market
• Utilise financial incentives to drive sales

Who is the session is for?

Due to the low barrier to entry in the market the session is aimed at those with electrical, engineering or building backgrounds including sole traders, SMEs and start-ups looking to explore the market opportunity.

 

 

Eligibility
Our Workshops are part-funded by European Regional Development Funds.
Our workshops are delivered free of charge to participants; however, as they are fully-funded, they are classed as state aid to participating businesses and are subject to state aid rules and the associated eligibility criteria:
Greater Manchester Clients Only
SME: Small or medium enterprise i.e. less than 250 (Full Time Equivalent) employees
Annual Turnover less than 50 Million Euro OR Balance Sheet less than 43 million Euro.

If your business does not meet these requirements, your booking will be cancelled.

Where is it?