Press release
22 Mar 2023 

Charging infrastructure and the response of utility providers are vital to the success of e-mobility

  • Electric vehicles expected to reach 55% of total global vehicle sales by 2030, but lack of collaboration could impact adoption and decarbonization goals
  • An accessible and equitable charging infrastructure is critical for electric vehicles to take off in the mass market
  • Utilities play a pivotal role in enabling a smooth transition to eMobility

Electric vehicle (EV) adoption has accelerated faster than predicted. Globally, EV sales doubled in 2021 and jumped 55% in 2022 to account for 13% of all vehicles sold. If this trend is to continue, however, the eMobility ecosystem must collaborate around ‘Six essentials for mainstream EV adoption’, according to a new study from EY and Eurelectric. The study is informed by Eurelectric and its members and includes insights drawn from industry leaders across the ecosystem, including automotive, utilities, fleet management, city planning and charging infrastructure.

The study highlights that in 2022, EV sales in China reached 27% of total vehicles sold; in Europe, they made up just over 20%; and in the US, EV sales increased to more than 7% of all vehicles sold. The study underscores the need for a collaborative and coordinated response from eMobility ecosystem players in pursuit of decarbonization goals, with utilities, in particular, playing a pivotal role.

The Electric Vehicles (EVs)adoption rate in Romania has soared to 9%in 2022, marking a remarkable 72% increase from the previous year.However, this figure still falls short of the global average adoption rate of 13%. The EY/Eurelectric study identifies six essentials that will make or break the future of eMobility. Failure to get this right could result in missed net-zero targets, unresolved air quality issues, wasted investments, and an extended eMobility transition period.

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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About EY Romania

EY is one of the world's leading professional services firms with 365,399 employees in more than 700 offices across 150 countries, and revenues of approx. $45,4 billion in the financial year that ended on 30 June 2022. Our network is the most integrated worldwide, and its resources help us provide our clients with services allowing them to take advantage of opportunities anywhere in the world.

With a presence in Romania ever since 1992, EY provides, through its more than 900 employees in Romania and the Republic of Moldova, integrated services in assurance, tax, strategy and transactions, and consulting to clients ranging from multinationals to local companies.

Our offices are based in Bucharest, Cluj-Napoca, Timisoara, Iasi and Chisinau. In 2014, EY Romania joined the only global competition dedicated to entrepreneurship, EY Entrepreneur Of The Year. The winner of the national award represents Romania at the world final taking place every year in June, at Monte Carlo. The title of World Entrepreneur Of The Year is awarded in the world final. For more information, please visit: www.ey.com