LCP Delta forecasts UK EV charging sector to deliver £15.5 billion by 2035 under stable policy
By Eve
A report by LCP Delta, commissioned by ChargeUK, projects the UK EV charging industry will contribute £15.5 billion in direct economic value by 2035, rising from a largely pre-profit position today to £2.5 billion in annual value. The analysis links this growth to supportive legislation and notes the sector underpins a wider £385 billion transport electrification opportunity, with the UK now operating over 120,000 public chargers supporting two million EVs.
Why it matters: The £15.5 billion forecast signals sustained procurement and infrastructure investment over the next decade, provided policy remains predictable. For CPOs and contractors, the shift from pre-profit to £2.5 billion annual value underscores the maturing commercial case for network expansion and long term project pipelines.