Feature


Why Leasing Your Land For An Electric Vehicle (EV) Charging Hub Is A Win-Win


With sales of EVs increasing again and the new government pressing ahead with ambitious targets, Joe Helps, Head of Land Acquisitions at Source, a new player in the EV infrastructure market, argues now is the time to consider leasing your land to a charge point operator.


According to the EV charging experts ZapMap1 , as of the end


of November, there are over 1,300,000 fully electric cars in the UK. In 2024 to date, there have been 338,314 new fully electric cars sold, with that figure expected to reach more than 700,000 by 2029.


Of course, with the Government expected to confirm the ban of new petrol and diesel cars by 2030, the direction of travel is clear.


For landowners and property managers, this shift presents a compelling opportunity to diversify income streams while contributing to the nation’s sustainable infrastructure.


Having spent years in commercial property before moving into the EV sector,


I understand many property owners remain


uncertain about the benefits and implications of leasing land for EV charging infrastructure - but I also recognise the significant advantages this emerging market has to offer.


The Commercial Proposition


Unlike traditional commercial developments, EV charging hubs require minimal input from landowners. Most infrastructure companies will manage everything from planning applications to infrastructure installation,


removing the burden of


capital expenditure and ongoing maintenance from the property owner.


A long lease provides landlords with guaranteed long-term income and committing to renewable energy and sustainable practices helps property owners enhance their environmental credentials - an increasingly important consideration for many tenants and stakeholders. A 2023 Deloitte survey found 77% of businesses prefer partnerships with environmentally conscious companies, with EV infrastructure being a key indicator of commitment.


30 fmuk


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