TerraFive

🚗🔋 TerraFive is deeply committed to sustainable investing and we're constantly exploring the evolving landscape of electric vehicles (EVs) and the technology and services needed to power the EV revolution. The UK government has this month reaffirmed its commitment to ban the sale of new diesel and petrol cars by 2030, a move that is set to accelerate the transition of electric mobility. This underscores the urgent need for robust infrastructure, particularly in the EV charging space, across the public, destination and home networks to create a well functioning charging ecosystem.  Did you know? By 2030, the UK plans to have over 300,000 public EV charging points, a tenfold increase from current numbers, supported by a £1.6 billion investment under the Electric Vehicle Infrastructure Strategy. This ambitious target aims to make charging as convenient and affordable as refuelling traditional vehicles. Here are 5 key takeaways from our thematic research on this topic: 1. Infrastructure Urgency: With around 60,000 public EV chargers already installed as of April 2024, the 2030 deadline demands an immediate step-up in the scaling of these networks. 2. Diverse Charging Needs: Home, public, motorway, and destination chargers each present unique challenges and require tailored solutions. This is especially true in the destination charging segment which makes up ~50% of all public chargers. 3. Software Innovation: Efficient and user-friendly software is crucial to create  seamless experience. Real-time availability, multiple payment options, and maintenance alerts are becoming standard features in the latest solutions. 4. Regulatory Alignment: Clear policies and incentives are essential to drive the adoption and efficiency of charging solutions. One of the main topics is consistency of policy as the lead times in designing and producing electric vehicles and building charging networks is measured in years not days.   5. Partnership Potential: Collaboration between builders, operators, investors, and advisors will be key to build an ecosystem that brings the technology, services and infrastructure together to electrify transport. As we dive deeper into this space, we're actively meeting with EV charge point operators, technology companies and software vendors who are navigating the complexities of home, public, motorway, and destination charging solutions. 📩⚡Let's meet! If you're in this field and share our passion for sustainable technologies, we'd love to share our perspectives, learn from your insights and explore potential collaborations. #EVcharging #SustainableInvesting #ElectricVehicles #UK2030 #CleanEnergy