Future of eMobility hinges on six essentials
To avoid a modern-day cart-before-horse scenario, the study highlights that collectively, the ecosystem must unite around six essentials across the eMobility value chain: resilient supply chains and vital raw materials; clean and green power production; accessible charging infrastructure; the integration of EVs with smart grid technology; digital platforms and mobile applications to optimize EV charging; and finding and training the next-generation workforce.
Accessible charging infrastructure for all
As the EV-buying demographic shifts from early adopters to a larger group of consumers with more mainstream values and expectations, accessible charging infrastructure for all is critical. The study calculates that by 2040, the total number of residential, private and public chargers needed in Europe will top 140 million (88% will be destined for home charging) to service an estimated 239 million EVs. In the US, a total of 91 million chargers (85% for home charging) will be required to serve 152 million vehicles in the same timeframe.
To quickly and equitably roll out charging infrastructure, the study recommends incentivizing, via regulation, installation in the spaces and places where people live and work. Cooperation between network operators and public authorities in preparing for network development, understanding the EV uptake, and assessing infrastructure needs and investments is also key.
Utilities play a pivotal role
Utilities come to the transition with electric-engineering acumen and deep knowledge of load on distribution and transmission lines. The study cites that in the transition to eMobility, they must take on a much more customer-facing and technology-dependent role. To be successful, utilities must engage proactively with city planners and continue building out networks that allow renewables, and other forms of distributed assets, to connect to the grid. Furthermore, they must manage new load at the point of charging and pursue new technologies that enable the two-way flow of energy across the system.
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