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BOOOMING UK SALES
New research indicates that battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) are anticipated to reach 2.5 million annual sales by the end of the decade, comprising 93% of total vehicle sales in the UK. According to a study conducted by EY and Eurelectric, by 2040, the UK is predicted to have 33.4 million EVs, representing 72% of all vehicles. The findings underscore the urgency to accelerate and optimize the development of charging infrastructure and supply chains in the upcoming years.
ESSENTIAL COLLABORATION
The study emphasizes the significance of essential collaboration among key players for achieving widespread adoption of electric vehicles (EVs) across six critical areas. Maria Bengtsson, electric vehicle lead at EY UK, said:
“This study highlights the ongoing challenges to the EV transition around the world, including here in the UK. What’s clear is that collaboration across sectors is absolutely key.”
WE NEED THIS BEFORE 2030
The challenges related to infrastructure that hinder the UK’s transition to electric vehicles are considerable and stem from multiple factors. To illustrate, to facilitate the expansion of electric vehicle chargers, Bengtsson contends that the process for applying for grid connections should be streamlined and expedited, access to prime charger locations should be made more accessible, and once in place, chargers must operate more dependably. Effective deployment of charging infrastructure is essential to promote more individuals and businesses to adopt electric vehicles and to maintain the UK’s goal of phasing out petrol and diesel vehicles by 2030.
20 MILLION CHARGERS
The EY Eurelectric study reveals that in 2022, EVs constituted slightly more than 20% of all automobile sales across Europe. The study forecasts that by 2040, approximately 140 million chargers will be necessary in Europe, with 88% intended for residential charging, to meet the needs of an estimated 239 million EVs in circulation. In the UK, an estimated 20 million EV chargers will be necessary by 2040, with 88% of them being installed in private residences.
SIX KEY ACTIONS
To prevent a situation where EVs are deployed more rapidly than the necessary infrastructure, the EY Eurelectric study highlights six critical actions that must be taken to keep up with the increasing prevalence of EVs on UK roads. These actions include
- establishing resilient supply chains and securing essential raw materials
- producing clean and sustainable power
- expanding accessible charging infrastructure
- integrating EVs with smart grid technology
- implementing digital platforms and mobile applications to optimize EV charging
- identifying and training the next-generation workforce.
In the UK, these actions translate into a greater need for more original equipment manufacturers (OEMs), more versatile and extensive supply chains, and an expedited expansion of charging infrastructure.
GIVE US INCENTIVES
The study proposes that to rapidly and equitably deploy charging infrastructure, regulations should incentivize the installation of chargers in residential and commercial areas. Additionally, the report underlines the importance of collaboration between network operators and public authorities in preparing for network development, gauging the EV uptake, and evaluating infrastructure needs and investments. Serge Colle, EY global energy and resources industry Market Leader, said:
“Despite economic headwinds and rising energy costs, EV sales are resilient and are continuing to accelerate. Globally we have reached 13% adoption, but if EVs are to enter the mainstream, significant collaboration across the entire value chain is critical.”
EMOBILITY SUCCESS?
The six critical factors identified by the EY/Eurelectric study will be decisive in determining the success of eMobility going forward. Inadequate attention to these factors could result in unmet net-zero objectives, unresolved air quality concerns, squandered investments, and an extended eMobility transition period.
CAN YOU LEND A HAND?
Ready to say goodbye to the anxiety of running out of juice in your EV? 
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