What we do
Structural opportunities from electrification
Our structural opportunities form part of our investment framework. See the full framework here.
The electrification of homes, businesses and transport systems represents one of the most significant transitions taking place in the global economy.
Growth is supported by accelerating EV adoption, strengthened net zero regulation and continued investment in charging infrastructure.
1 in 10
Our penetration of new battery EV sales
24%
2025 UK growth in registrations of new battery EVs
Launched in 2025, it is an innovative two‑part EV charger with separate power control. A consumer unit installed internally or externally and fully retrofittable.
At maturity, demand for EV charger installations is likely to be more than 6x the market in 2025.
The EV charger market is projected to exceed £300m by 2030. Momentum is already evident: UK registrations of new battery EVs in 2025 were 24% higher than the prior year, as OEMs work to meet Zero Emission Vehicle Mandate requirements.
We are well positioned in this expanding market. Our penetration of new battery EV sales has increased from 1 in 23 vehicles in the year to July 2023 to 1 in 10 vehicles in 2025, reflecting the growing strength and relevance of our Sync Energy EV charging offer.
The UK’s pathway to net zero requires large‑scale electrification of both household energy and transport.
82% electric
Consumer energy usage by 2050
1 million
Homes per year to be converted with low carbon heating solutions
Scalable, modular battery storage that optimises use of solar generation and low‑cost grid electricity.
UK consumer electricity usage as a proportion of total demand is projected to increase from 22% in 2025 to 82% by 2050.
Supported by policies such as the phase‑out of new gas boilers and internal combustion vehicles over the coming decade, this transition will require millions of homes to install EV chargers and low‑carbon heating solutions.
As more energy uses shift from fossil fuels to electricity, household electrical systems must be upgraded to handle higher loads, increasing demand for wiring accessories, controls, ultra‑efficient LED lighting and smart devices. Together, these structural forces mean home electrification is no longer optional – it is an unavoidable, long‑term transformation creating sustained demand across our portfolio.
