week 11: the need for EV charging in the US

This week, we present a selection of five reports from various sources that address different aspects of the EV market. These reports analyze the need for charging infrastructure in the US, explore factors influencing EV driver satisfaction, propose strategies to decarbonize the European transport sector, highlight actions to reduce the carbon footprint of EV battery production, and examine the expected growth of BEV sales in Europe.

In week 11 we added the following reports:

  • Home charging access and the implications for charging infrastructure costs in the United States | The ICCT
  • Pragmatic and idealistic reasons: What drives electric vehicle drivers’ satisfaction and continuance intention | Elsevier
  • Policies to electrify European roads | DWS
  • The race to decarbonize EV batteries | McKinsey & Company
  • Nearly half of vehicles produced in the EU are expected to be electrified in 2023 | CLEPA

The reports are shared and available free of charge in our database.

The Need for Charging Infrastructure for Electric Vehicles in the US: Strategies and Best Practices for Public Policy

One of the main obstacles to the expansion of the EV market has been the lack of adequate charging infrastructure. For owning and using electric vehicles to be as practical and convenient as those powered by combustion engines, there must be a substantial deployment of charging infrastructure in concert with market expansion. According to a recent ICCT report, 2.4 million non-home chargers would have to be installed between 2021 and 2030, costing $28 billion in infrastructure investment.

This report analyzes the need for charging infrastructure for electric vehicles in the United States, explores different charging deployment strategies, and emphasizes the importance of home charging access. It also discusses best practices for public policy to facilitate the proliferation of home charging access.

Home charging access and the implications for charging infrastructure costs in the United States | The ICCT

Flowchart depicting the charging gap analysis process with changes circled. Key sections include: 'Data inputs' (Electric vehicle sales, Household characteristics, Current infrastructure data, Cost data), 'Analysis steps', 'Intermediate outputs', and 'Outputs' (Charger counts, Investment required).
Source: Home charging access and the implications for charging infrastructure costs in the United States | The ICCT

 

Factors Influencing Electric Vehicle Driver Satisfaction and Continuance Intention

The world’s reliance on fossil fuels and the need to lower greenhouse gas (GHG) emissions have both been highlighted as problems that could be solved by electric vehicles (EVs). Nevertheless, while there has been a lot of study on EV adoption intentions, there hasn’t been much done to examine EV driver satisfaction. By examining the variables that influence EV experience and continuing intention, a recent study that was published in the journal Sustainability tries to close this gap.

This report explores the factors that drive satisfaction and continuance intention of electric vehicle (EV) drivers in Europe. Based on data from 290 EV drivers, the report finds that infrastructure and environmental concerns are key drivers of satisfaction and continuance intention, with green self-identity as a moderator. The report aims to shed light on these factors and their importance for the EV market.

Pragmatic and idealistic reasons: What drives electric vehicle drivers’ satisfaction and continuance intention | Elsevier

 

Decarbonizing European Transport: Mobilizing Capital for a Transformational Journey

Despite the ambitious climate and environmental goals set by the European Union, the transport sector has largely been absent from the decarbonization efforts to date. This poses a significant challenge to meeting emission reduction targets, as transportation is a major contributor to greenhouse gas emissions

This report explores the transformational journey required for decarbonization of the European transport sector and proposes actions to mobilize capital for this transition. It assesses the growth of electric vehicles and charging point infrastructure, evaluates the risks and opportunities, and proposes financing models for private sector investment. The report emphasizes the urgency of meeting the EU’s emission reduction targets and the need to coordinate responses with geopolitical allies to mitigate longer-term risks.

Policies to electrify European roads | DWS

Bar chart titled "Cumulative spending on EV charging globally" from 2018 to 2026. Y-axis represents spending in US$ billion. Bars show an increasing trend, starting from under 50 in 2018, growing steadily and projected to exceed 200 by 2026. Source: Bloomberg NEF.
Source: Policies to electrify European roads | DWS

 

Addressing the Carbon Footprint of Electric Vehicle Battery Production: Strategies for Emission Reduction

Electric vehicles (EVs) are prized for having an extremely low carbon footprint, but making their batteries is a very carbon-intensive process that contributes between 40 and 60 percent of the production’s overall emissions. Manufacturers are rushing to find solutions to this problem as EV demand rises. In the next five to ten years, there may be significant reductions in emissions from the manufacture of EV batteries, depending on a variety of variables, including design decisions, manufacturing and sourcing regions, and the energy sources utilized to create battery components.

This report focuses on the high carbon footprint of battery production for electric vehicles (EVs) and the actions manufacturers can take to reduce emissions. It highlights the need to address this issue to fully realize the low-carbon benefits of EVs and notes that significant reductions in emissions are possible in the next five to ten years.

The race to decarbonize EV batteries | McKinsey & Company

A bar chart comparing the typical upstream emissions of electric vehicles (EVs) and internal combustion engine (ICE) vehicles. EVs show high battery-related emissions. The chart is color-coded for battery, steel, aluminum, and plastics/rubber emissions. Source: McKinsey analysis.
Source: The race to decarbonize EV batteries | McKinsey & Company

 

BEV Sales Expected to Surpass Other Powertrains in Europe by 2027, Despite Underdeveloped Supply Chains and Lagging Investments in Battery and Chip Manufacturing

BEV sales in Europe are predicted to overtake those of other powertrains as early as 2027. Although the industry manufacturing the car and its components is changing at a constant rate, the upstream supply chains are still in their infancy. Just 3% of the required investment in the battery (materials) factories has been accomplished, less than in China and the US, despite large plans to invest through 2030. Globally, there have been significant announcements of investments in chip production, although the EU still trails behind the US, China, and Taiwan.

The report focuses on the production and adoption of battery electric vehicles (BEVs) in the European Union, highlighting an expected increase in BEV production and adoption despite concerns over material prices and slow reductions in battery costs. The report also points out underdeveloped supply chains and the need for increased investment in battery and chip manufacturing.

Nearly half of vehicles produced in the EU are expected to be electrified in 2023 | CLEPA

Bar chart titled "Light vehicle production forecast" from the CLEPA Data Digest #6 (February 2023). It shows light vehicle production for 2018-2023, with two categories: Electrified (light blue) and ICE (dark blue). Total units decrease steadily over the period.
Source: Nearly half of vehicles produced in the EU are expected to be electrified in 2023 | CLEPA

 

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