Shift to EVs will require up to four million charging points at commercial and industrial sites by 2040

The number of electric cars in Germany could rise to between 23 and 29 million by 2040, and building the necessary charging infrastructure will be a business worth billions of euros, according to a study conducted by Aurora Energy Research comparing the UK and Germany. Electric vehicles could require two to four million charging points at commercial and industrial sites, which will play a key role in the electrification of transport, because only around 60 percent of households have a parking space that can be equipped with the necessary infrastructure. Letting users pay for the power would offer viable business models for the necessary investment of up to eight billion euros, according to Aurora.

Find a press release on the study in German and English here.

Find a Bloomberg article on the study in English here.