To say demand for Electric Vehicles (EVs) is ramping up would be an understatement. You only need to head out for an 'EV spotting' walk or switch on the television to see the increase in Electric Vehicles - granted you pay absolutely no attention whatsoever to those 'Self-Charging' petrol car ads from one particular OEM of course...
That's because, perhaps for several reasons, people are starting to wake up to the fact that EVs are great. Great to drive, great for the pocket and great for the environment.
And don't just take my word for it. Over the past few months, the sale of new battery electric vehicles has ramped up massively in the UK, tripling in March to over 10,000.
What's even more exciting is that this demand is only set to increase further as costs fall, new models enter the market and 'ICE melting' policies set to phase out the sale of polluting cars in 2035 are brought into play.
Now if you're still not convinced, you may want to check out the latest report from the Advanced Propulsion Centre, who value the UK Electric Vehicle sector at a whopping £24 billion with a number of opportunities to be seized by UK organisations.
The report looks into opportunities from the electrification of passenger cars over the next five years for firms involved in the EV supply chain, identifying 12 opportunities from batteries to power electronics, cell and cathode manufacturing that the UK is “particularly well placed to address".
What's more, we've already had the pleasure of welcoming Mr. Musk as he considers building a UK Gigafactory, not to mention Britishvolt and AMTE Power, two British start-ups, announcing their plans to build the UK's first Gigafactory.
It is therefore safe to say, the EV sector is well and truly primed for growth and here at Hyperion Executive Search, we're right at the forefront of it, partnering with the most innovative E-Mobility companies who are driving forward the mobility transition. To learn more about our experience within the EV sector, check out some of our successes here; https://hyperionsearch.co.uk/case-studies/
The UK has the building blocks of a thriving supply chain to support the electrification of passenger cars, making it the perfect place for investments across these new value chains to meet domestic, European and in some cases global demand