Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Technology > Rocking down to Electric Avenue? Good luck charging your car
    Technology

    Rocking down to Electric Avenue? Good luck charging your car

    Published by Jessica Weisman-Pitts

    Posted on October 13, 2021

    6 min read

    Last updated: January 29, 2026

    An image illustrating the Asian trading market, highlighting the decline in liquefied natural gas (LNG) prices influenced by reduced trading activity during the Lunar New Year. This visual connects to the article's discussion on price fluctuations and market dynamics.
    Asian trading market scene depicting LNG price decline during Lunar New Year - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    Urban areas face challenges in providing charging infrastructure for electric vehicles, with high costs and limited private sector involvement hindering progress.

    Challenges in Charging Your Electric Car in Urban Areas

    By Nick Carey and Tina Bellon

    LONDON (Reuters) -European and U.S. cities planning to phase out combustion engines over the next 15 years first need to plug a charging gap for millions of residents who park their cars on the street.

    For while electric vehicle (EVs) sales are soaring in Europe and the United States, a lag in installing charging infrastructure is causing a roadblock.

    Often cash-strapped local authorities have other priorities than a kerbside network of charging points which would allow owners to ensure their EVs are always topped up.

    And while that leaves a potential gap for the private sector, it is one that few EV charging startups, who have been early adopters in other locations, are focused on.

    “It’s really difficult to tackle on-street residential charging, so there’s really not many companies that have,” Hugh Mackenzie, chief operating officer at Trojan Energy, said.

    Trojan has developed a charger, which is being tested on residential streets in two London boroughs, where EV owners insert a short pole into sockets sunk into the pavement and then plug in their car.

    Tim Win, an Uber driver who charges his Nissan Leaf every day, is using the system in Brent, north London.

    “After I’ve been driving all day I just want to come home and plug in,” said Win, 39, who previously used a nearby EV fast charger to charge up in 20 minutes but sometimes had to wait in line for nearly an hour.

    A “cabbie” using one of London’s new electric black taxis told Reuters he often has to drive between charging points, losing valuable custom as he does, only to find they are either already in use or malfunctioning.

    COST CURB

    Like the roll out of fibre optic cable for ultra-fast broadband, urban on-street charging using solutions which include lamp post chargers or even wireless, will cost billions.

    Solutions like Trojan’s are expensive because they require grid connections. And because there are not yet enough EV owners to ensure a quick return, they are 75% subsidized by Britain’s government.

    Trojan’s chargers cost around 7,000 pounds ($9,520) to make and install, but Mackenzie says that if that can be cut to 4,500 pounds it will work for private investors.

    But it still requires local authority buy-in.

    “The biggest factor in whether kerbside charging is successful is whether you have an interested and engaged municipality,” said Travis Allan, vice president for public affairs at Quebec City-based FLO, which has installed at least 7,000 kerbside chargers in Canadian and U.S. cities.

    Yet even engaged local authorities like Brent, which is trying lamp post chargers and other solutions, simply lack cash.

    Tim Martin, Brent council’s transportation planning manager, says lamp post chargers cost around 2,000 pounds and rapid chargers around 15,000 pounds, so subsidies are the only option.

    “The prospect of being able to fund them ourselves out of our own budgets is practically zero,” Martin said.

    Based on car registrations and parking permits, charging startup char.gy estimates there are between 5 million and 10 million cars in London, of which around 76% park on the street.

    Government figures show the total is around 40% for Britain’s 33 million cars, while around 40% of Americans do not live in single-family homes with garages.

    And while the rise of car sharing services may reduce the need for on-street charging, it is unclear by how much.

    Char.gy Chief Executive Richard Stobart estimates Britain will need half a million on-street chargers by 2030, when around half of the country’s cars should be electric. Char.gy runs a network of around 1,000 on-street lamp post chargers in Britain that cost around 1,800 pounds to make and install.

    While government subsidies exist, Stobart said, local authorities often lack the resources.

    “So they just dither and it takes forever,” he added.

    Ubitricity, a Royal Dutch Shell business, is the British market leader, with just 4,000 chargers using lamp posts, which if they are close enough to the kerb and use LED lamps, have enough power to mostly charge an EV overnight.

    Lex Hartman, ubitricity’s CEO, estimates that in densely-populated areas, around 60% of Europe’s car owners will need public charging.

    “You will need chargers at home, at work, at the supermarket, you will need fast charging, but mainly you need charging everywhere,” Hartman said.

    “If the infrastructure isn’t there then people will hesitate to buy an electric car unless they are forced to,” he added.

    Europe has more than 90 million lamp posts, millions of which can be used for charging, said Hartman, whose ubitricity also runs a lamp post charger network in Berlin.

    The European Commission knows urban chargers “will be essential to convincing more and more consumers to go electric,” and has formed an expert group to advise cities on how to deploy them, a spokesperson said.

    ‘PAINFUL EXPERIENCE’

    Some cities face a huge challenge.

    New York state has set a goal for all new passenger cars and light-duty trucks to be zero-emission by 2035.

    But New York City currently has just 1,580 charging plugs for around one million cars that rely on street parking.

    “Owning an EV in a large city like New York is a really painful experience,” said Paul Suhey, co-founder of electric moped sharing startup Revel, which has launched the city’s first fast-charging hub.

    An April study commissioned by New York estimated electrifying its transportation would cost some $500 billion.

    In Los Angeles, which has the most chargers of any U.S. city, Blink Charging last year bought city-run EV car sharing network BlueLA, which has 100 vehicles and 200 charging stations.

    Blink CEO Michael Farkas said local authorities want charging infrastructure in as many places as possible to encourage people to buy EVs, but companies cannot afford to shoulder the investments until ownership rises.

    “You can’t just have a field of dreams, you’ll go broke unless the government wants to pay for it,” Farkas said.

    Even in Norway, where state support put it at the forefront of the electric shift, rolling out on-street charging is tough.

    Oslo subsidizes larger public chargers and rapid chargers, investments that pay off within three to six years, Sture Portvik, who heads up its charging infrastructure efforts, said.

    But making charging accessible for the 30% of car owners who lack designated parking in a city where bans on fossil-fuel cars will start in the next few years is a major challenge.

    “It’s extremely important that everybody, regardless of their economic background, gets to be a part of the green shift,” Portvik said. “And they will have to because in a few years they will have to sell their diesel car.”

    ($1 = 0.7354 pounds)

    (Additional reporting by Kate Abnett in Brussels; Editing by Alexander Smith)

    Key Takeaways

    • •Cities need to address the charging gap for street-parked EVs.
    • •Local authorities often lack funds for kerbside charging infrastructure.
    • •Private sector involvement is limited due to high costs.
    • •Government subsidies are crucial for expanding charging networks.
    • •Innovative solutions like Trojan Energy's chargers are being tested.

    Frequently Asked Questions about Rocking down to Electric Avenue? Good luck charging your car

    1What is the main topic?

    The article discusses the challenges and solutions for electric vehicle charging infrastructure in urban areas.

    2Why is kerbside charging important?

    Kerbside charging is crucial for residents who park on the street and need accessible charging options for their electric vehicles.

    3What are the financial challenges?

    High installation costs and limited local authority budgets make expanding charging infrastructure difficult without subsidies.

    More from Technology

    Explore more articles in the Technology category

    Image for Infosecurity Europe launches new Cyber Startup Programme to champion the next generation of cybersecurity innovators
    Infosecurity Europe launches new Cyber Startup Programme to champion the next generation of cybersecurity innovators
    Image for BLOXX Launches ĀRIKI BLOXX at Web Summit Qatar
    BLOXX Launches ĀRIKI BLOXX at Web Summit Qatar
    Image for Engineering Trust in the Age of Data: A Blueprint for Global Resilience
    Engineering Trust in the Age of Data: A Blueprint for Global Resilience
    Image for Over half of organisations predict their OT environments will be targeted by cyber attacks
    Over half of organisations predict their OT environments will be targeted by cyber attacks
    Image for Engineering Financial Innovation in Renewable Energy and Climate Technology
    Engineering Financial Innovation in Renewable Energy and Climate Technology
    Image for Industry 4.0 in 2025: Trends Shaping the New Industrial Reality
    Industry 4.0 in 2025: Trends Shaping the New Industrial Reality
    Image for Engineering Tomorrow’s Cities: On a Mission to Build Smarter, Safer, and Greener Mobility
    Engineering Tomorrow’s Cities: On a Mission to Build Smarter, Safer, and Greener Mobility
    Image for In Conversation with Faiz Khan: Architecting Enterprise Solutions at Scale
    In Conversation with Faiz Khan: Architecting Enterprise Solutions at Scale
    Image for Ballerine Launches Trusted Agentic Commerce Governance Platform
    Ballerine Launches Trusted Agentic Commerce Governance Platform
    Image for Maximising Corporate Visibility in a Digitally Driven Investment Landscape
    Maximising Corporate Visibility in a Digitally Driven Investment Landscape
    Image for The Digital Transformation of Small Business Lending: How Technology is Reshaping Credit Access
    The Digital Transformation of Small Business Lending: How Technology is Reshaping Credit Access
    Image for Navigating Data and AI Challenges in Payments: Expert Analysis by Himanshu Shah
    Navigating Data and AI Challenges in Payments: Expert Analysis by Himanshu Shah
    View All Technology Posts
    Previous Technology PostFoxconn bullish on electric vehicle prospects as it shows off three prototypes
    Next Technology PostThe modern fraud lawyer: digital tools, digital challenges