EV home chargers are an essential component of the EV ecosystem, providing a convenient and efficient way for EV owners to charge their vehicles at home. The UK government has set ambitious targets for the adoption of EVs, to phase out the sale of new petrol and diesel cars by 20301. To achieve this goal, the UK needs to invest in EV charging infrastructure, including EV home chargers.
One of the key factors that impact the EV home charger market is the cost of installation and maintenance. EV home chargers can be expensive to install, with costs ranging from £500 to £1,000, depending on the type of charger and the installation requirements4. Additionally, the cost of maintenance and repairs can also be high, especially if the charger is not installed correctly or regularly maintained.