Power

Joined up approach needed to convert EV ambition

The PwC report – ‘Charging Ahead’ – says that, as low carbon policies continue to gain momentum, these have been accompanied with a number of high profile industry and government announcements. These include a pledge of over £500 million in the Autumn budget to support charging research and a national charging network. while several large private companies, including Shell and Southern Rail, are planning investments in EV charging operations.

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Investment in V2G

A year ago the future dominance of electric vehicles would have been regarded by many as an “if” not “when”. But in the interim we have had a conveyor belt of announcements by automotive manufacturers, governments and even petrochemical companies with hard commitments to this agenda. The debate has now flipped to one of how quickly this transition will now occur. The mid 20s are talked of as the boom time, but with EV battery capacity rising at an extraordinary rate and the choice of vehicles increasing almost monthly, this could come sooner. EV affordability is also much less of an issue than most people appreciate as in the region of 90 per cent of new EVs are “bought” on surprisingly competitive personal lease deals.

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