Governments must move fast to support growing number of electric vehicles

October 28th, 2017 Comments Off on Governments must move fast to support growing number of electric vehicles

Logistically, there are also a numberExcellent: UK electric vehicle numbers surpasses 13,000 mark. Read more ... » of financial and infrastructural hurdles that must be overcome before electricEurope charges ahead in electric car use. Read more ... » carsFirst carbon-zero taxi service hits UK roads. Read more ... » can reach the masses. Not only will a networkFirst carbon-zero taxi service hits UK roads. Read more ... » of chargingFirst carbon-zero taxi service hits UK roads. Read more ... » pointsUK: Rockingham installs EV charging points. Read more ... » need to be built, but an influx of electric vehiclesUK: Rockingham installs EV charging points. Read more ... » will put great strain on national energy grids

The internal combustion engineI take it as good news: U.S. delays 'quiet car' rules for hybrids, electric cars. Read more ... » (ICE) did not emerge, fully formed, as the dominant method of powering motor vehiclesElectric car charging points to be installed by East Riding Council. Read more ... ». At the dawn of the 20th century, electricityFirst carbon-zero taxi service hits UK roads. Read more ... », petroleum and steam were all competing to become the primary source of energy in this fledgling industry.

In fact, it was the Electric Vehicle#ElectricCar News: EV trial shows future viability, says Zenith. Read more ... » CompanyElectric Cars Cut Greenhouse Gases Even More Than Expected, NASA Says. Read more ... » which became the first motorised taxiUpdate: TfL Selects IER to drive Source London forward. Read more ... » firm in the USEstonia launches national #electriccar #Rapid #Charging (400v, 80w) network - "30 minutes charging". Read more ... », and subsequently the largest vehicleUK: Rockingham installs EV charging points. Read more ... » manufacturer in the country.

But by 1907 it was forced into default, and just a few years later the mass-produced FordFord Focus Electric goes on sale in UK. Read more ... » ModelBattery-breakthrough after another: Nissan poised to take range off the table. Read more ... » T would take the marketThe Future is bright & Electric: Govt to fund UK rapid charging network. Read more ... » by storm. The ICE had won. As is often the case, market forces were a large part of this success.

Electric and steam-powered vehicles, comparedElectric Cars Cut Greenhouse Gases Even More Than Expected, NASA Says. Read more ... » to their petrolHealthy 30% increase: Demand for Electric Nissan Leaf increases #ev #electricCar. Read more ... » counterparts, had limited range#ElectricCar News: EV trial shows future viability, says Zenith. Read more ... » and needed frequent charging or a constant supply of water. The discovery of oil in Texas at the turn of the century clinched the dealNissan claims the world’s largest electric taxi fleet deal with 110 new LEAF 30 kWh in Madrid. Read more ... », making low-costFirst carbon-zero taxi service hits UK roads. Read more ... » petroleum the de facto fuelThe Future is bright & Electric: Govt to fund UK rapid charging network. Read more ... » of choice for the automobile.

The market todayThe Future is bright & Electric: Govt to fund UK rapid charging network. Read more ... », however, is very different to the one that existed a century ago. Environmental concerns and technological innovations are shifting consumer opinion back in favour of the electric carEurope charges ahead in electric car use. Read more ... » (see Fig 1Forced hand, clean future? Norway to 'completely ban all petrol powered cars by 2025'. Read more ... »), and governments around the worldElectric Cars Cut Greenhouse Gases Even More Than Expected, NASA Says. Read more ... » are legislating in support of clean energies. Perhaps most of important of all, electric vehiclesFirst carbon-zero taxi service hits UK roads. Read more ... » (EVsNot Surprised: Electric vehicles will travel much further than drivers expect, study finds. Read more ... ») are starting to make sense from an economic standpoint.

The UKFirst carbon-zero taxi service hits UK roads. Read more ... » and FranceFrance will pay citizens $11,000 to upgrade to electric vehicles. Read more ... » have banned the sale of new petrol and diesel cars from 2040 onwards, while India has set 2030 as its cut-off pointEV / Electric vehicle charging points will be 'within 25 miles' by 2014 (Source East / Source London). Read more ... ». NorwayUK: Motorways to have charging stations for electric cars to encourage more people to switch to battery-powered vehicles. Read more ... » has been the most ambitious of all, targeting the year 2025, while several other countries have set electric vehicle salesTotal Count : UK electric car sales surge in 2014. Read more ... » objectives.

However, with market forces already drivingNot Surprised: Electric vehicles will travel much further than drivers expect, study finds. Read more ... » consumers towards EVs, governments need to consider more proactive legislation if they are to be ready for the coming economic disruption.

Moving too fastEstonia launches national #electriccar #Rapid #Charging (400v, 80w) network - "30 minutes charging". Read more ... »
With electric and hybridWhy electric cars better catch on. Read more ... » vehicles making up just 1.1 percent of global market share#ev Sales reach new heights: Renault-Nissan sells 200,000th electric vehicle. Read more ... » in 2016, a major question mark hangs over recent governmentThe Future is bright & Electric: Govt to fund UK rapid charging network. Read more ... » proposals. Primarily, is it reasonable to impose a ban on petrol and diesel cars when they remain the popular choice for most motorists?

Logistically, there are also a number of financial and infrastructural hurdles that must be overcome before countries will be ready for the ban. Speaking to World Finance, Iain Mowat, Senior ResearchBattery-breakthrough after another: Nissan poised to take range off the table. Read more ... » Analyst at Wood Mackenzie, discussed the burden that electric vehicles will place on national energy grids.

“The absolute growth of powerElectric car promised for 2014 that can do 1,000 miles on single charge. Read more ... » demand from EVs will accelerate significantly from 2030, when both policiesHope Its True: 40% Cut In UK Oil Imports From EVs?. Read more ... » and costsICED Justice: Council powers on with plan to install more electric car charging points in North Lincolnshire. Read more ... » begin to favour them more and more,” he said. “By 2040, our EVEurope charges ahead in electric car use. Read more ... » base case adds 100TWh of power demand in Europe#ev Sales reach new heights: Renault-Nissan sells 200,000th electric vehicle. Read more ... », about the current size of the Dutch power market, and equivalent to 2The Economist: Electric cars will come of age in 2018. Read more ... ».5Good. Speedy charging driving a global boom in electric cars. Read more ... » percent of the total European market in 2040. This will require the building of more power stations in Europe as demand grows.”

Banning petrol/diesel vehicles by 2040 is like banning horse-drawn vehicles by 2040: there won’t be anything to ban
In the UK, the most pessimistic estimates have suggested that 10Not just You and I: Green vehicle demand revs up as UK electric car sales quadruple. Read more ... » new power stations of equivalent output to the £19US Report: EV Sales Progressing Faster Than Hybrids Did A Decade Ago. Read more ... ».6bn ($25*Applauds* California Zero Emissions Car Target May Hit 100% By 2030. Read more ... ».6bn) Hinkley Point nuclear facility will be required to cope with increased energy needs by 2040. If building more power stations proves economically infeasible, countries may be forced to import electricity, which brings its own financial implications and additional concerns over energy security.

One potential way to reduce the burden on national grids, while at the same timeUpdate: TfL Selects IER to drive Source London forward. Read more ... » boosting revenue, would be for governments and energy firms to impose tariffs on anyone charging their vehicle at peak times.

Encouraging individual energy production – via personal solar panelsNick Clegg leads charge in support of electric cars. Read more ... », for example – is another option. Whichever approach governments ultimately take, it would be reassuring if policyElectric car charging points to be installed by East Riding Council. Read more ... » proposals began to examine the economic impact of increased EV usage sooner rather than later.

Similarly, there are justifiable concerns about whether the existing network of charging points is robust enough to support an increase in EVs. Norway has 71/2: Ultra low emission motoring in the UK information including the government’s long-term commitment to this issue. Read more ... »,632 charging stations serving 5.3Nick Clegg: Making Britain number one for ultra low emission vehicles. Read more ... » million people, while India has just 100 for its population of 1.3 billion. In both countries, and across the world, underdeveloped charging networks remain a major hurdle to greater EV adoption, but it is not yet clear whether government subsidiesGovernment subsidies ‘threaten’ electric car future market. Read more ... » or private investment will make up the shortfall.

Even discounting government timeframes, recent legislative proposals have been criticised for a lack of clarity. In Norway, there is confusionGreen motorists motivated by money (and environment benefits). Read more ... » over whether the government’s proposed ban is really a ban at all, or rather a tax-based incentiveFrance will pay citizens $11,000 to upgrade to electric vehicles. Read more ... » schemeElectric car sales at record high in UK, figures show. Read more ... » for drivers of EVs.

The UK ban, meanwhile, has been accused of lacking detail. “The announced goals so far lack the support of specific policy measures, even though some related legislation is emerging,” Mowat said. “The Automated and Electric Vehicles Bill, which would allow the UK Government to require the installationNissan Installs Europe’s 1,000th 30-Minute Electric Car Charger (in UK). Read more ... » of charging points for electric vehicles at motorway service areas and large fuel retailers, is promising, but it is not clear if it will be implemented alongside the petrol/diesel ban.”

For more than a century, road transportation and the petrochemical industry have been interconnected. This cannot#ElectricCar sales in #UK expected to double in 2013 as prices start to fall. #EV #london #green #eco. Read more ... » be undone overnight, or even in a few years. The broader economic implications of switching to electric vehicles need to be considered now, if we are to consign petrol and diesel cars to the scrapheap.

Transitioning from petrol/diesel cars to electric vehicles will have huge implications for government revenues around the world, with taxable income from fuel sales certain to take a hit.

Fuel duty in the UK totalled £27Norway Is Model Society for Electric Vehicles. Read more ... ».6bn ($36Its excitingly close: Tesla Model S delivered to first European customers. Read more ... ».1bn) last year, while the Norwegian Government reaped NOK 42I take it as good news: U.S. delays 'quiet car' rules for hybrids, electric cars. Read more ... ».1bn ($5.4bn) in taxes related to petroleum activities. Similar stories can be found all over the world.

As existing revenue streams are disrupted, governments will need to identify alternatives that will remain relevant as the world moves away from fossil fuels.

Speaking to World Finance, Tony Seba, author of Clean Disruption of Energy and Transportation, suggested that a switch#ElectricCar sales in #UK expected to double in 2013 as prices start to fall. #EV #london #green #eco. Read more ... » to taxing mileage, either via tolls or a more sophisticated vehicle tracking systemKeeping up with chargeable devices, electric vehicles and renewable energy. Read more ... », would enable governments to replace lost revenue.

“In the US, about $50bn in gasoline taxes will be lost by 2030, since 95 percent of miles will be electric,” he said. “However, governments whose budgets depend on this revenue could shift to taxing miles rather than fuel. Our model indicates that a one-cent-per-mileMillions miss out on cheaper motoring. Read more ... » tax would raise about the same revenue as gasoline taxes: $45bn in 2015 growing to $63bn by 2030.”

An agile government could certainly mitigate the loss of tax revenues through policy changes, but new proposals need to be planned and debated now, not in a decade’s time. There is also the added complexity of how a weaker oil sector will affect a country’s imports and exports.

In the UK, there is concern#ElectricCar News: EV trial shows future viability, says Zenith. Read more ... » that the government is not taking a holistic view of the economic disruption likely to be caused by electric carsWhy electric cars better catch on. Read more ... ». For example, the Office for Budget Responsibility’s current projections show revenue from fuel duty increasing up until 2030, despite this being at odds with the ban due to come into effect 10 years later.

Private entities will also need to prepare themselves for the oncoming disruption caused by the electric carElectric car promised for 2014 that can do 1,000 miles on single charge. Read more ... » market. Oil companies, which rely on road transportation for approximately 45Tesla VS Dyson, as the latter Challenges Tesla With $1.4 Billion Battery Tech Investment. Read more ... » percent of their global demand, will face immense challenges, while batteryElectric car promised for 2014 that can do 1,000 miles on single charge. Read more ... » manufacturersExcellent: UK electric vehicle numbers surpasses 13,000 mark. Read more ... » will be presented with a huge opportunity to enter the value chain.

“Our estimates indicate that oil demand will peak at 100 million barrels per day by 2020, dropping to 70 million barrels per day by 2030,” Seba explained. “Oil prices, however, will plummet to $25 per barrel as soonExample: David Cameron and his Government could soon travel in electric cars as Downing Street is fitted with charging points. Read more ... » as the early 2020s. Persian Gulf countries such as Saudi Arabia, whose production mainly derives from low-cost conventional oil fields, will not see production volumes decrease by much. On the other hand, high-cost oil fields will be stranded.”

People will stop buying cars because it will be in their best selfish economic interest
The transition from petrol/diesel cars to electric vehicles will evidently present economic challenges to both public and private bodies alike. The best way to prepare for these difficulties is not to wait until some arbitrary year in the future, but to start considering how to replace existing revenue streams now.

LeftElectric Car Battery Prices on Track to Drop 70% by 2015, Says Energy Secretary. Read more ... » behind
If electric cars are not economically competitive with petrol and diesel cars today, there are indications that the gap is narrowing. Worldwide sales of EVs grew by 60Healthy 30% increase: Demand for Electric Nissan Leaf increases #ev #electricCar. Read more ... » percent last year, and the industry as a whole is predicted to be worth $731bn by 2027.

The average battery cost of electric vehicles has dropped 80 percent in the past six years, and industry innovator TeslaWhat the Future Holds: Car Makers’ #EV Commitments, a Brand-by-Brand Review. Read more ... » is aiming to achieve priceGood Growth: New electric car chargepoints springing up across Worcestershire. Read more ... » parity with ICEs by the end of the decade.

There is a distinct possibility, therefore, that technological improvementsHealthy 30% increase: Demand for Electric Nissan Leaf increases #ev #electricCar. Read more ... », falling costs and shifting customer perceptions will see the EV market reach an inflection point much sooner than governments are expecting.

Car manufacturers may move away from petrol and diesel cars, not because politicians are forcing them to or to help the environment, but simply because it makes financial sense.

Predicting the precise year when EVs will become more economically viable than ICE vehicles is a difficult task, but as we have seen with other industries, including telecoms, entertainment and retail, disruption moves quickly.

Seba believes that the proposed bans on petrol/diesel cars represent a stunning miscalculation of the industry’s likely evolution over the coming years.

“By 2040 you will find petrol/diesel cars mainly in museums, nostalgia shops and racetracks,” he said. “Banning petrol/diesel vehicles by 2040 is like banning horse-drawn vehicles by 2040: there won’t be anything to ban.” In fact, Seba argued, a trifecta of disruptions, incorporating EVs, autonomousBMW revamps "i" electric car division to focus on self-driving tech. Read more ... » cars and a new transport-as-a-service industry, will leave automobile companies facing “an existential crisis”.

Under this new economic model, it will no longerNot Surprised: Electric vehicles will travel much further than drivers expect, study finds. Read more ... » make financial sense to continue producing petrol or diesel cars.

“The day that autonomous vehicles are approved by regulators, which we assume to be 2021, the cost per mile of on-demand autonomous EVs will be up to 10 times cheaper than the cost of purchasing a new individually owned petrol car,” Seba explained. “Every time in history when a new equivalent product or service has become available at about one 10th of the cost of the incumbent, there has been a disruption. People will stop buying cars because it will be in their best, selfish economic interest.”

In the early days of the 20th century, the fact that ICE vehicles were louder, spewed out pollutants and were more difficult to drive than electric vehicles didn’t stop them dominating the market. When mass-produced combustion engines and cheap oil became readily available, it was simply in the consumer’s economic interest to buylronic Issue: The Big Problem With Electric Cars: They're Too Reliable. Read more ... » a petrol or diesel car.

With technological improvements driving the price of EV and ICE options closer together, the selfish economic choice and the environmentally conscious one are starting to look increasingly similar. Instead of looking to 2021, 2040 or any other time in the distant future, governments need to begin preparing now for the huge economic disruption that will accompany the EV revolution.

Source https://wwwThe Future is bright & Electric: Govt to fund UK rapid charging network. Read more ... ».worldfinance.comThe Future is bright & Electric: Govt to fund UK rapid charging network. Read more ... »/featured/governments-must-move-fast-to-support-growing-number-of-electric-vehicles

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