Harnessing the Electric Vehicle Revolution - Quick guide

Posted 11/7/2018 by George Jamison

EV Revolution  

Clarehill Associates were delighted to be invited to a reception at the House of Commons last week to discuss the Electric Vehicle Revolution with Regen SW.

In 2017 only 2% of UK car sales were EV models.

By 2025 70% of new car sales could be EVs.

During the speeches, a number key issues were highlighted and for those of you who are interested, here is a quick summary:

EVs could become the vehicle of choice towards the mid 2020s and dominate the market as the end date for petrol and diesels approaches due to:

  • Manufacturers bringing out new models with greater range and efficiency
  • Cost falling as manufacturing reaches scale
  • Consumer acceptance of EVs driven by concerns over pollution and low running costs
  • China continuing to set the international pace in market demand and supply

And EV could reach a tipping point even quicker by 2021 where an overwhelming consumer demand for EVs leads to a rapid and disruptive market expansion.

Demand caused by:

  • Low running costs and price reductions
  • Pollution and environmental concerns e.g. cities penalising petrol/diesels
  • New models and marketing driving lifestyle choices
  • New technology solving range and degradation issues
  • Resale market for diesel/petrol collapsing

With its successful automotive industry and strong government backing the UK is in an excellent position to play a leading role in development of EVs.

The government will need to get serious about tackling emissions and, of course, get a Brexit deal that works for a sector that is integrated across Europe.

Thanks to Regen SW, James Heappey MP and Dan Monzani, director of Energy Security, Networks and Markets at BEIS

Link: Harnessing The electric vehicle revolution



Post Comment

Ready to find your next big challenge? Let's Go!
Cookies on this website
We to ensure that we give you the best experience on our website. If you wish you can restrict or block cookies by changing your browser setting. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on this website.