Nearly half of UK businesses ‘holding back on EVs’

Nearly half of senior decision makers in British businesses don’t plan to invest in electric vehicle (EV) technologies until after 2025. That’s according to npower Business Solutions, which says the […]

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By Jonny Bairstow

Nearly half of senior decision makers in British businesses don’t plan to invest in electric vehicle (EV) technologies until after 2025.

That’s according to npower Business Solutions, which says the 45% of the market not getting involved with EVs are put off by a lack of existing charging points (32%), poor battery life limiting journey times (30%) and high installation costs (29%).

More than half of the 1,083 respondents told npower they do not feel informed about the opportunities EVs could offer for their business.

The results of the survey suggest 38% of senior decision makers agree it would be beneficial to have EV charging facilities at their business sites.

Jason Scagell, Director of Vehicle Charging Solutions at npower, said: “With business investment in EVs stuck in the slow lane, the measures announced in the Budget have come at the perfect time.

“We hope that this commitment will help ensure the UK has the necessary infrastructure in place to support a strategic move to EVs by enterprises.”