Arcadis: Global adoption of electric vehicles depends on the right…

Arcadis

LONDON, Oct. 1 /PRNewswire/

Arcadis has in partnership with the World Business Council for Sustainable Development (WBCSD). Global Charging Infrastructure Market Report released. The report, covering 21 regions around the world, analyzes five parameters to determine how prepared regions are to invest in infrastructure for the transition to electric vehicles (EVs).

The Netherlands is always at the top along with Great Britain and California. With well-defined strategies for expanding electric infrastructure, strong tax incentives and a growing supply of public charging points, these pioneers are setting the tone for mass adoption of electric cars.

As the international electricity market develops, countries need to increase investment in charging infrastructure to transition to zero-emission vehicles. The report identified 23 metrics across five parameters as particularly influential in measuring investment willingness. They were used to determine which regions were performing well and where they could improve.

The parameters are:

1. Government guidance and incentives

Political changes and stricter environmental regulations are some of the most powerful catalysts behind the global EV transition.

Hong Kong is at the forefront here, offering tax exemptions, an existing ban on vehicles with internal combustion engines and penalties for entering environmental zones without meeting the required standards. The city has also made a clear net-zero declaration and has a state infrastructure stimulus budget of more than 0.08% of GDP.

2. The maturity and readiness of the electric car market

A region must have a mature electricity market to enable profitable investment in charging infrastructure. A mature market is characterized by affordable vehicles, availability of vehicles and increased production capacity.

Europe is leading here, especially Norway and the Netherlands. On the other hand, there is still room for improvement in many South American countries such as Argentina, Chile and Mexico, which currently have less than 2% market share for electric vehicles.

3. Dividend potential

Utilization is the key to stable revenue, and it is important to strike the right balance between over-infrastructure and underutilization and under-provisioned infrastructure and overutilization, leading to “queues at the power pole.” The potential for returns will also increase affected by the prices of electricity and fossil fuels.

Of the regions covered, China is the strongest. Europe is also doing well, especially Spain, Norway and the Netherlands.

4. Charging infrastructure

The availability and availability of charging stations is an important factor in the transition to electric cars. This means access to reliable charging options at the exit (street, garage or driveway), on the street and at the destination.

The Netherlands is ahead, but New York and California are also doing well. Although the number of charging points is relatively small, both US states will benefit from a clear national strategy and will have reliable power grids. However, New York would benefit if it increased its public charging ratio, which currently stands at more than 16 cars per day. station, compared to California, where the ratio is 6-10 cars per station.

5. Business friendliness

Strong governance combined with a solid legal system and regulatory policies as well as a high GDP per capita. per capita shows the potential and attractiveness of investing in a growing market for electric cars.

The Netherlands, the USA and Singapore are first here.

Simon Swan, director of new global mobility solutions at Arcadis, emphasized:

“The electric car market is developing rapidly, and new charging stations and technologies are constantly being developed. Speeding up this transition is essential to reducing emissions and limiting the impact of climate change. Large-scale adoption of electric vehicles is critical, and progress is being made even in slower developing markets. This index is a snapshot and regions will improve as they introduce new government incentives, expand their charging infrastructure or the electricity market matures. With clear leadership and the right political actions, electric cars can play a decisive role in tackling the climate crisis.”

Of Global Charging Infrastructure Market Report is an extension of Arcadis’ 2021 Global EV Catalyst Index. The updated report includes additional regions, including Norway, Turkey, Hong Kong and South America, as well as expanded metrics with the “Business Friendly” and “Return Potential” categories.

The evaluated regions are: Netherlands, United Kingdom, Germany, Norway, France, Ireland, Italy, Spain, Turkey, Canada, California, New York, China, Hong Kong, Singapore, Australia, Thailand, Chile, Brazil, Mexico and Argentina.

Download the report here.

INFORMATION ABOUT ARCADIS

Arcadis is the world’s leading design and consultancy firm for natural and built assets. We maximize impact for our clients and the communities they serve by delivering effective solutions through sustainable results, focus and scaling and digitization. We are 29,000 employees who work in over 70 countries and have a turnover of 3.4 billion euros. We support UN-Habitat with knowledge and experience to improve the quality of life in cities around the world. www.arcadis.com

See original content: https://www.prnewswire.com/news-releases/arcadis-global-electric-vehicle-adoption-depends-on-the-right-investment-framework-301633893.html

Press contact:

Kerry Moore,
kerri.moore@arcadis.com +44 7821 836 890

Original content by: Arcadis, transmitted by news aktuell

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