EVs

In major developed cities across the world, the adoption of electric vehicles (EVs) is increasing at a rapid pace.

As of 2018, the global EV fleet exceeded 5.1 million and over 2.8 million EVs are expected to be sold this year alone. How many of these vehicles have you seen on the road?

Originally published in the ESI Africa weekly newsletter on 2019/09/11

In its 2019 edition of the Global EV Outlook, the International Energy Agency (IEA) notes that a variety of policy measures have been playing a critical role in the upsurge of this market.

The IEA report points out that leading countries in the EV market – including China, the US and Norway – are providing support in the form of fuel economy standards, incentives for zero- and low-emissions vehicles, as well as support for EV charging infrastructure.

These supportive initiatives are bridging the cost gap between electric and conventional vehicles and conventional vehicles. In my opinion, charging stations will prove to be the key ingredient in the uptake of EVs.

With many EVs now out-performing their fossil-powered counterparts’ capabilities on the road, energy planners are looking to bring innovation to the garage. Considering that 95% of a car’s time is spent parked, this is a wise business decision.

With careful planning and the right infrastructure in place, parked and plugged-in EVs could be the battery banks of the future, stabilising electric grids powered by wind and solar energy.

It is disappointing that, with such positive outlooks, the African EV market is still experiencing slow adoption of EVs.

Dampening the African market’s EV prospects are the import taxes, the vehicle’s range that can be travelled on one battery charge, and the limited access to electricity for charging facilities.

To tackle the latter within the South African context, national power supplier Eskom announced that it is currently engaged in research on photovoltaic and battery storage options to power EVs in the near future.

This topic is up for discussion in our forthcoming webinar, which will provide insights on South Africa’s current EV status and what the future holds for this market.

To join in on the conversation, register your attendance here.

Until next week.
Nicolette.