UK Electric Vehicle Charging Firms Seek Buyers Amid Financial Strains and Intense Competition
The UK electric vehicle charging sector is witnessing a wave of mergers and acquisitions as firms struggle to stay afloat amidst rising costs, intense competition, and delays in government funding. Industry leaders have revealed that several companies are on the verge of collapse, prompting them to seek buyers.
A growing number of charge point operators are running out of cash due to increased capital expenditures, higher operational costs, and reduced market share. Investors who poured money into green technologies and electric vehicles during the pandemic are now looking for a return on their investments. This has led to a surge in consolidation efforts as smaller players try to find niches where they can operate profitably.
Simon Smith, CEO of Voltempo, noted that charging infrastructure is becoming increasingly capital-intensive and competitive. Companies must focus on acquiring high-quality sites and achieving fast utilization rates to survive. If volumes don't increase, payback periods stretch, assets become stranded, and consolidation follows โ a natural outcome in the infrastructure market.
The UK's electric vehicle charging landscape has seen an explosion of charge points over the years, with nearly 88,000 installed across 45,000 locations as of the end of 2025. However, many operators are making money only because they have already installed chargers anticipating future demand. This business model is precarious, and companies may not yet be profitable even if they continue to grow in popularity.
Industry insiders suggest that the timing of the pandemic-era investment surge has added pressure on charging companies. Private equity investors often aim to flip investments within five-year periods, creating a sense of urgency for struggling firms to demonstrate profitability.
As a result, several charge point operators are looking to be acquired by larger rivals seeking to gain economies of scale and negotiate better contracts with suppliers. The market is dominated by just a handful of players, including Shell, Connected Kerb, Pod Point, and various carmakers backing the Ionity network.
The UK electric vehicle charging sector is witnessing a wave of mergers and acquisitions as firms struggle to stay afloat amidst rising costs, intense competition, and delays in government funding. Industry leaders have revealed that several companies are on the verge of collapse, prompting them to seek buyers.
A growing number of charge point operators are running out of cash due to increased capital expenditures, higher operational costs, and reduced market share. Investors who poured money into green technologies and electric vehicles during the pandemic are now looking for a return on their investments. This has led to a surge in consolidation efforts as smaller players try to find niches where they can operate profitably.
Simon Smith, CEO of Voltempo, noted that charging infrastructure is becoming increasingly capital-intensive and competitive. Companies must focus on acquiring high-quality sites and achieving fast utilization rates to survive. If volumes don't increase, payback periods stretch, assets become stranded, and consolidation follows โ a natural outcome in the infrastructure market.
The UK's electric vehicle charging landscape has seen an explosion of charge points over the years, with nearly 88,000 installed across 45,000 locations as of the end of 2025. However, many operators are making money only because they have already installed chargers anticipating future demand. This business model is precarious, and companies may not yet be profitable even if they continue to grow in popularity.
Industry insiders suggest that the timing of the pandemic-era investment surge has added pressure on charging companies. Private equity investors often aim to flip investments within five-year periods, creating a sense of urgency for struggling firms to demonstrate profitability.
As a result, several charge point operators are looking to be acquired by larger rivals seeking to gain economies of scale and negotiate better contracts with suppliers. The market is dominated by just a handful of players, including Shell, Connected Kerb, Pod Point, and various carmakers backing the Ionity network.