New service shows Electric Vehicles role in net zero

As the ban of petrol and diesel vehicles looks set to be brought forward from 2040, electric vehicles (EVs) are increasingly the focus of the UK’s net zero journey. Last week the Labour party joined calls to bring the sale ban of new internal combustion engine (ICE) and hybrid vehicles forward to 2030, with outcomes from the government consultation on moving the ban expected this autumn.

The ICE ban and other policy changes will be covered in our new monthly report, launching this week. The new service provides a concise summary of EV developments, exploring the changes in a key market segment each month in more depth, across charging infrastructure, vehicle uptake, fleets and energy supplier activity. Our September EV Insight Service focuses on car manufacturers, fleets and vehicle uptake, analysing the latest vehicle registration data from the Society of Motor Manufacturers and Traders (SMMT). We explore the recent developments from automakers as they increase production to meet demand for electric vehicles, with Hyundai launching its revamped IONIQ brand in August to produce three new EV models over the next four years. Cornwall Insight’s EV insight service is designed for fleet operators, leasing companies, charge point operators, DNOs, energy suppliers and other organisations engaged in the transition to electric vehicles in Great Britain.

Our new service is complimentary to the Electric Vehicle and Charging Infrastructure (EVCI) Forum, keeping you up to date with the latest policy and regulatory developments, plus wider commercial updates. After launching last year, the forum currently has around 30 members attending each month from across the industry. Now being delivered online, it provides attendees with the opportunity to stay informed on opportunities, challenges and issues, connect with other like-minded businesses, and ask questions to our experts and industry guest speakers, as well as government bodies (National Grid, Office for Low Emission Vehicles) and charge point companies. Our 22 October forum will comprise of a panel discussion from a cross-section of the EV industry.

In the last year, we’ve also been helping customers develop bespoke solutions to their challenges in the EV market. Our Consultancy team has provided a wide range of commercial and modelling assistance in the EV space lately, working with a variety of parties including motorway service area owners, technology developers, and utilities. These recent projects have focused on developing detailed site-specific assessments for EV services, from assessing the potential revenues and return on investment from a combined EV and battery storage site, to supporting commercial opportunities for EV charging, solar and storage at commercial fleet and public charging sites.

For a free trial of the EV Insight Service and the EV Forum, please contact Katie Hickford at k.hickford@cornwall-insight.com 

Related thinking

Commercial and market outlook

What’s happened at COP26 so far

We’ve summarised the latest news so far from COP26. The latest updates can be found in our Daily Bulletin, and our insight and commentary in our weekly Energy Spectrum. Find out more here PM addresses World Leaders at COP26 Summit Opening Ceremony The Prime Minister, Boris Johnson, spoke at the...

Regulation and policy

Net Zero Strategy and Budget reaction with Craig Lowrey

Yesterday, at our 'Net zero business forum', senior consultant Craig Lowrey gave his reaction to energy aspects of the UK budget and the flurry of policy announcements that preceded it. https://www.youtube.com/watch?v=Zeldg2yG09M Our 'Net zero business forum' Our online bi-monthly 'Net zero business forum' offers members the opportunity to benefit from...

E-mobility and low carbon

Net Zero Strategy: key points

Yesterday, the government announced its long-awaited Net Zero Strategy, a 368-page document that provides a route the nation will take to a net zero economy. The strategy outlines how spending will be prioritised for power, fuel supply and hydrogen, industry, heat and buildings, transport, natural resources, and greenhouse gas removals....

Net zero corporates and ESG

The stakes are higher than they seem: the current energy challenge and net zero

It has been an incredibly challenging week in the UK energy sector, and attention has rightly focussed on consumer protection, and indirectly on the state of the energy supply markets. However, it would be a mistake to believe that the ramifications of supplier failure will be limited only to this...

Commercial and market outlook

How can research help: what is the gap in understanding that should be addressed most urgently?

In the last two decades, the debate around addressing climate change has rightly focused on identifying – and supporting – the most suitable technologies to decarbonise our economies. Consequently, significant progress has been achieved in the decarbonisation of the power sector. However, as the priority is now to decarbonise hard-to-abate...

Home supply and services

Consolidation in the energy market predicted to continue

It has been a turbulent time for the retail energy market, experiencing a period of consolidation with mergers and supplier exits. This supplier consolidation is expected to continue in the near term. If suppliers fail to shift their business models for the new world it is likely to continue, according...

Low carbon generation

BEIS Hydrogen Strategy

The flagship Hydrogen Strategy paper was unveiled by BEIS on 18 August and confirmed that hydrogen will form a crucial part of the UK’s net zero economy. Perhaps disappointingly, the paper only reaffirms the 5GW of production capacity by 2030 commitment as set out in the Ten Point Plan with...

Net zero corporates and ESG

Data critical for sustainable investments

On 24 June, attendees to our 'Financing net zero forum' tuned in to hear the expert panel discussions on the role of data in sustainable investment. Joining the meeting chairs, Cornwall Insight's Daniel Atzori and Emma Bill were our guest panellists from Mercatus and Victory Hill Capital Group LLP. For investors to make...