9 September 20249 September 2024

The future of electric vehicles – driving forward together

By Damien Welch, Business Development Manager, EANZ

The electric vehicle (EV) revolution is reshaping the transportation landscape. The EV market is experiencing rapid growth, fuelled by advancements in technology, rising consumer demand, and a collective push toward sustainable and eco-friendly solutions. As we look toward the future, it’s clear that the transition to electrification is inevitable. Anywhere with a car park could help play a crucial role in driving this change by embracing new opportunities and investing in the necessary infrastructure.

The current situation

The growth of the EV market has been nothing short of remarkable. In 2022, global EV sales exceeded 10 million units, a staggering 55% increase in just a 12-month period[1]. Governments worldwide are enacting strict emission regulations in densely populated cities as well as offering incentives for EV adoption, ensuring that this momentum continues to build.
Projections indicate that EVs could make up more than half of all new car sales by 2030[2] and the UK government plan to ban the sale of petrol and diesel cars by 2035[3]. Technological advancements, such as improvements in battery technology and the development of autonomous driving capabilities, have significantly enhanced vehicle performance, range, and affordability. For instance, innovations like solid-state batteries promise higher energy density, faster charging times, and longer lifespans, making EVs more appealing to consumers. Moreover, global climate goals and a growing emphasis on sustainability are leading governments, businesses, and individuals to seek greener transportation solutions. EVs offer a viable pathway to reducing greenhouse gas emissions, especially when powered by renewable energy sources.

While the initial cost of purchasing an EV may be higher than that of a traditional internal combustion engine vehicle, the total cost of ownership (TCO) tends to be lower due to reduced fuel, maintenance, and repair expenses. As these economic benefits become more widely recognised businesses and consumers are more inclined to adopt EVs. However, as the EV market expands, the availability of charging infrastructure remains a significant challenge. A robust and accessible charging network is vital to support the widespread adoption of EVs. This presents a valuable opportunity for businesses to lead the way by investing in EV charging solutions. As a leader in multi-utility metering, data, and energy network services, we’re well-positioned to help companies and property owners install EVCP’s, offering comprehensive solutions that cater to the evolving needs of the market.

What can you do?

We provide an end-to-end service for businesses looking to install EV charge points, from initial consultation and site assessment, to installation and ongoing maintenance. Our goal is to ensure a seamless process that prepares your business to meet the growing demand for EV charging infrastructure. We work with various sectors, including retail, hospitality, commercial real estate, and logistics, to deliver tailored charging solutions that address specific needs. Scalability is a critical factor when investing in EV charging infrastructure and we recognise that businesses require solutions that can grow alongside their needs. Our charging systems are designed to be future-proof, allowing for easy expansion or upgrades as technology advances and demand increases.

Integrating EV charging points provides an opportunity for businesses to optimise energy consumption and costs. By utilising smart metering and data analytics, businesses can effectively monitor and manage their energy usage. In an era where consumers are increasingly environmentally conscious, businesses that invest in green infrastructure demonstrate their commitment to sustainability, attracting like-minded customers and employees.

Looking to the future

Some say the future of mobility is undeniably electric – businesses that invest in EV infrastructure today will be strategically positioned to benefit from the accelerating shift toward EVs. By partnering with Energy Assets, your company can be at the forefront of this transformation, contributing to a greener, more sustainable future while capitalising on the opportunities that the EV revolution presents.

As we observe World EV Day, let’s commit to driving forward together — toward a future where clean, efficient, and sustainable transportation is the norm.

Reach out to Energy Assets today to explore how we can help your business to be a part of the EV future.

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[1] https://www.greenmatch.co.uk/electric-vehicles

[2] https://www.iea.org/reports/by-2030-evs-represent-more-than-60-of-vehicles-sold-globally-and-require-an-adequate-surge-in-chargers-installed-in-buildings

[3] https://pod-point.com/guides/2035-diesel-and-petrol-car-ban-in-the-uk-everything-you-need-to-know#:~:text=The%20UK%20government%20is%20due,to%20a%20more%20sustainable%20future.