In this fourth preview blog, we look at how policy and regulations regarding commercial EVs must be carefully developed in collaboration with industries and institutions. Sustainability, after all, is not an issue limited to any one sector, and only by drawing on the insight of experts in the technology, infrastructure, and economics of EVs, as well as end-users and other policymakers, will successful incentives to adoption be designed.
At present, EVs are often more expensive than their conventionally-powered equivalents. One reason for this is inherent material costs, with battery manufacture requiring large quantities of lithium. Yet, as processes are refined, efficiencies are found, and scale increases, the manufacturing costs of lithium-ion (Li-ion) batteries are expected to reduce – and the reduction of this cost will be a major enabler for early commercial electric vehicles (EVs) adoption.
The world’s power needs are changing. By the end of the 21st Century, we will not have the same reliance on fossil fuels. A growing number of fleets are looking to diversify how they power mobility and heavy industry.
Battery electric vehicles (EVs) are becoming viable across a broad range of applications, and the potential to transform commercial fleets is clear. What’s less understood is how we can plot a course for adoption of these technologies, bringing them into greater use in the commercial automotive sector, while maintaining productivity and prosperity.