【Knight Frank】E-mobility in the fast lane

In our latest publication, ‘E-mobility in the fast lane’, our award-winning Energy & Sustainability team explores how the growth of electric vehicles will impact real estate and what opportunities exist for landlords, developers and occupiers. 

The electric car market is growing rapidly. At the end of February, over 215,000 pure electric vehicles (EVs) were on UK roads – and that figure rises to 455,000 if you include plug-in hybrids (PHEVs). 108,205 EVs were sold in 2020 across the UK, representing a 180% year-on-year rise, while PHEV sales rose 90% to 66,877.

That means that 10.7% of all cars sold in the UK in 2020 had some level of zero emission running capability and could be plugged in.

However, the UK largely lacks the key infrastructure necessary to support the continued growth of electric vehicle demand, but this challenge is also a sincere opportunity for landlords, developers and occupiers, who – if they act now – will be able to match demand with supply and increase the appeal of their real estate assets.

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