Electric vehicle sales continue to soar, with a 71% surge in Europe in May.
Governments are providing financial assistance for EV adoption, yet mainstream EVs face obstacles.
The World Economic Forum is leading a new taskforce to investigate how cities and the private sector can channel investment in the EV revolution.
With 68% of people predicted to reside in cities by 2050, cities will be at the epicentre of the electric vehicle (EV) transition, which is now well started. EV adoption has soared in the last five years, rising from roughly 3.1 million EVs in 2017 to more than 20 million by 2022. Of course, it is critical to prioritise public, shared, and active modes of transportation - not only to decarbonize, but also to address congestion, air pollution, safety, and other issues - but EVs will be significant for cities in reducing emissions and providing cleaner air for inhabitants.
What cities are leading the way?
Cities throughout the world are taking the lead in promoting the transition to EVs. Cities are using a range of strategies to increase the number of EVs and charging facilities. The recent C40 Cities paper, EV charging infrastructure: Business models and city case studies, highlighted many options that cities might take to scale up EV infrastructure, such as:
Driven by the private sector:
Cities may have a significant impact by sending strong signals to the market and, as a result, altering the private sector's attitude to EV charging roll-out. Infrastructure investment in Bangkok has been led by public-private partnerships, state agencies, and the private sector. The national government established a framework, and the city collaborated with the business sector to facilitate the station's implementation. Bangkok Metropolitan Administration has offered incentives to encourage private sector investment, such as a 50% reduction in electricity tariffs on public EV chargers, which has contributed to numerous private companies installing chargers in the city, with approximately 3,000 chargers now present – approximately 80% of all chargers in Thailand.
Powered by an energy utility:
Energy utility-driven: The energy market is guiding the EV transition in several cities. For example, in Dubai, the city's power utility is leading efforts to expand public charging infrastructure, with over 370 stations already in operation. The Dubai Electricity and Water Authority (DEWA) announced the EV Green Charger Initiative in 2015, which has aided in the deployment of chargers and the expansion of EV adoption from 71 vehicles in 2015 to over 5,100 vehicles by 2022. The electricity authority intends to treble the number of chargers during the next two years.
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