- Sector: Green
- Region: London
Turning electric dreams into reality
Electric cars are becoming an increasingly common sight on UK roads thanks to companies such as POD Point, which is building a national network of vehicle-charging points to enable the mass adoption of electric vehicles. “We have seen electric vehicles go from non-existent to around 50 different vehicles being available,” says Erik Fairbairn, Founder and CEO of POD Point.
“The mass adoption of electric vehicles is going to be transformational for our business. We’re expecting the demand for POD Points to go up and up” - Erik Fairbairn, Founder and CEO, POD Point
To date, the company has supplied more than 27,000 charge points, which have been placed in people’s homes, businesses and various public locations. It’s a rollout that the government has encouraged, with the Office for Low Emission Vehicles (OLEV) offering a £500 grant towards the cost of purchasing and installing home charging points.
The potential for many more to be installed looks huge. “We’re only just beginning,” says Erik. “We think that the UK will need over one million charge points by 2020, and we hope to be a large part of making that happen.”
If the company’s predictions prove correct, electric vehicles will soon become the norm rather than the exception. While these vehicles currently only account for in the region of 1.5% of all new cars sold in the UK, POD Point forecasts that this will increase to 10% by 2020 and 95% by 2030.
“Electric vehicles are just taking off, so the next few years of POD Point are going to be very exciting as we see electric vehicles become mainstream,” predicts Erik. “The mass adoption of electric vehicles is going to be transformational for our business. We are currently doubling staff each year and we see that continuing for the foreseeable future. We’re expecting the demand for POD Points to go up and up.
“The UK has got really good at starting companies, now we need to turn the really promising SMEs into the large global brands of the future,” says Erik. “When the going gets tough, you just have to keep going!”
- 27,000 - How many charge points POD Point has supplied for homes, businesses and various public locations