Electrification of road transport promises environmental and commercial gains. At the threshold of an evolution in transport, the environmental consequences are huge. So too are the commercial gains for the earliest and fastest movers. By Serge Colle, Randall Miller, Thierry Mortier, Marc Coltelli, and Andrew Horstead @ey.com.
We are at the threshold of an evolution in road transport that will benefit the environment and the way we live our lives. Right now, road transport accounts for almost one-quarter of Europe’s total greenhouse gas emissions.
The article then provides deep insights on:
- eMobility nears inflection point
- The need for speed in the electrification of transport
- Infrastructure lags behind EV rollout
- Why fleet must electrify first
- An emerging eMobility ecosystem
Fleet will make the biggest and fastest contribution to the decarbonization of road transport. We have established that the fleet sector, though relatively small at 63 million vehicles (20% of Europe’s total vehicle parc) is disproportionately damaging to the environment. It accounts for more than 40% of total kilometers traveled and for half of total emissions from road transport. It makes, therefore, the biggest and most impactful test case.
Carbon dioxide emissions standards are, according to many observers, the single biggest accelerant of the eMobility transition. They have forced automakers down a decarbonized path and will be the fundamental driver of change.
There is massive momentum, at a country, city, business and individual level, behind the electrification of transport. Environmental benefits are, of course, the biggest prize. But there are also significant commercial rewards for the first and fastest movers in the ecosystem that underpins eMobility. Excellent read full of detailed stats and informative charts![Read More]