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Chargemaster invests £50m in Polar network to match predicted EV growth

A Chargemaster POLAR network charge point

Chargemaster has announced that it will invest £50m into the Polar EV charging network over the next two years, to meet the demands of EV growth. 

As an array of new electric vehicles are due to be unveiled at the Geneva Motor Show today, Chargemaster has announced its investment to expand home, workplace and public charge points.

Forecasts show that the UK electric car parc could grow to around three million by 2025, eight million by 2030, 15 million by 2035 and 25 million by 2040.

By 2020, there could be around 70,000 charging points both on the road and at destinations, with that number expected to rise to over 500,000 by 2030.

Chargemaster’s chief executive, David Martell, said: “The biggest driver of electric car take-up will be consumer choice, and the array of new models being shown in Geneva shows that the market is about to explode.

“Within the next few years, several hundred electric models will be available, with plug-in variants of every type of vehicle, and almost every individual model.

“Car buyers can rest assured that the charging infrastructure to support these vehicles will keep pace with the electric car market itself, as we will deploy thousands of home, workplace and public charging points over the coming years.”

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