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News Release

London

JLL predicts 75 % of car parks will have electric charging points by 2025

Car parks at the frontier of data collection and driverless car technology according to JLL Alternatives team


​London, 12th August 2016 - Research by JLL predicts that 75% of car parks will have charging points for electric cars by 2025 and that demand for car parks will increase with the rise of driverless cars.

In 2015, a record 28,000 electric cars were registered in the UK: up from just over 1,000 in 2011. Alternative fuelled vehicles accounted for 2.8 percent of the overall market last year, significantly up from 2.1 percent in 2014, and their popularity is continuing to soar. By 2020 it is estimated that electric/hybrid car sales will account for nearly 20% of all new car sales.*

JLL’s Alternatives team also believe that the emergence of new data collection technologies will make car parks a key frontier in the retail world. They predict that the following changes and innovations will revolutionise the car park experience and the way they are used by operators and owners:

• Automatic number plate-recognition systems connected to pre-paid parking methods and loyalty cards.
• Car parks will become ‘homes’ for driverless cars: Users will summon them by smart phone or tablet app when needed. Urban car parks will act as their homes and charging points in between journeys.
• Cashless car parks: The payment card industry is promoting contactless payment and this will eventually lead to cashless car parks. This will allow the development of apps that will pay for the nearest and cheapest parking and direct drivers to them. This will also provide a wealth of data gathering opportunities.

Paul Gallagher, Car Parking & Roadside consultant in JLL’s Alternatives team, commented: “Changes are coming thick and fast in the car park world. Electric cars and more sophisticated payment and data collection technologies provide opportunities for landlords, retailers and investors. Having charging points for instance will also increase dwell time in shopping centres or locations as consumers buy that extra coffee or pop into another shop while they wait for their car to charge.

“These changes and evolving technologies aren’t just ‘nice-to-haves’. If car parks aren’t cashless or offering the technology that electric cars demand then it could be the difference between a successful and unsuccessful retail and leisure destination.”

– ends –


Notes to editors
*Figure forecast from the UK Department of Transport & the EU