This is a great summary of the latest EY report into the current state of investment into the EV charging sector. The headline of this report is that despite uncertainly in the market regarding the timing of EV adoption and the forms of EV charging that will be required, investment needs to be made or “it’s highly likely they’ll be late to the party”. One of the key considerations for investment will be deciding on the split between home, workplace and destination, and public charging networks and which will be most utilised by those switching to an EV.
Utilities, auto OEMs and oil majors are certainly getting on board with investing in this space either directly or through acquisitions. At Hyperion we have worked with a number of leaders in this rapidly evolving space. Many of our clients are in post-investment scale-up mode where recruiting the right people is vital to successfully achieving their growth objectives.
According to Michael Cahill, management consultant at EY, the danger to any investors in this space will be in not acting soon enough to capture a portion of the market. “If they don’t invest now, it’s highly likely they’ll be late to the party. But, equally, players might not want to risk investing too early and narrowly in a market where technology and policy is constantly developing,” he said.