The UK government has announced its ambitious plan for its 2040 Road to Zero strategy. As technology advances, electrical vehicles (EV) will dominate the market to phase out diesel and petrol vehicles. Charging units and the modification of existing infrastructures must be made to accommodate EV use and UK’s plan is to have EV or hybrids dominate 50% of share in the UK market by 2030.

The new Workplace Charging Scheme, will increase in the value of grants to install charging stations for non-profit organizations and public government services by 75%. The scheme will aid in establishing more charging units around the country.

The Road to Zero Strategy will help the government achieve key elements of its modern Industrial Strategy. Besides the hefty investment sum of 30 million pounds into V2G technology research, the transfer of electricity from the vehicle back to the charging grid, the government announced its 4 billion pound investment into aiding charging infrastructure building and an additional 40 million pounds will be used to secure a council to monitor the progress of the strategy. By 2020, the government will invest 4.5 million pounds to help install charging units on the streets and residences.

The UK wishes to reduce carbon-emission by 2050 back to 1990’s 80% rate and a series of charging stations on the roads by 2050, key to reducing high polluting diesel and petrol vehicles by 2040. The limiting factor, is the amount of mileage that EV runs on, which the public has requested the government to provide addition aid.

The government expects the transition to be led by industry and consumers. A review of the plan will take place in 2025 to consider what interventions are required if not enough progress is being made. Secretary of the Department of Transport, Mr. Chris Grayling proposes, “the strategy will be the largest technology advancement and economic boost for UK and will further place UK at the forefront of the industry worth up to 7.6 trillion pounds by 2050.”

EV technology is a prominent market globally. Not only is the technology able to reduce carbon uptake to minimize globally warming and pollution issues, the business market of EV, since the establishment of the Paris Agreement to reduce emission, has propelled countries around the world to devise EV production.

Source: Energy Trend