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European Electric Vehicle Charging Infrastructure Master Plan

Views: 131     Author: Site Editor     Publish Time: 2022-08-11      Origin: Site

EU-27 Electric Vehicle Charging Infrastructure Master Plan

The European Union plans to cut emissions by at least 55% by 2030 (compared to 1990 levels) and become the world's first climate-neutral continent by 2050. All sectors of the economy are expected to contribute to these reductions, including transportation. Transport is one of the few industries whose greenhouse gas (GHG) emissions have been on the rise since 1990, accounting for nearly 20% of total EU GHG emissions.

By 2030, CO2 emissions from new passenger cars and trucks must be reduced by 55% compared to 2021. Current truck regulations call for 30 percent emissions reductions by 2030 and will be reviewed in 2022.

The automotive industry is vital to the EU: accounting for more than 7% of EU GDP, providing jobs for 14.6 million Europeans, and is currently changing because of such an ambitious target.

Important Insights

The EU-27’s electric vehicle charging master plan estimates that around 280 billion euros will be needed by 2030 to install charging points (hardware and labor), upgrade the grid, and generate renewable energy to charge electric vehicles. Of this, about 185 billion euros came from personal computers, 50 billion euros from light commercial vehicles, and 45 billion euros from trucks and buses. In this analysis, both public and non-public charging points have been taken into account.

Across the EU, public charging points are defined as charging points with non-discriminatory access. According to this definition, charging points in supermarket car parks or open-access car parks are included in public charging points.

A total investment of around EUR 1 trillion in charging infrastructure (public and non-public), grid upgrades and renewable energy by 2050 is necessary to complete the EU-27 transition to electric road transport. According to the EV charging master plan, around 30% of total capital expenditures by 2030 will need to be invested in infrastructure to reduce CO2 emissions from road traffic.



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