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Pixie Chart of the Week

2019

CCC: 2030 EV switchover would maximise savings

Neil Mearns Senior Writer

On 2 May, the Committee on Climate Change (CCC) published Net Zero – The UK’s Contribution to Stopping Global Warming. The report is a response to a request from the Governments of the UK, Wales and Scotland, asking the Committee to reassess the UK’s long-term emissions targets. The CCC’s key recommendation is a new emissions target of net-zero greenhouse gases by 2050. In order to achieve this, the report lays out policy pre-condition options of a net-zero target, which are set out in the CCC’s Further Ambition scenario. These include: carbon capture and storage ensuring heating systems are fully low-carbon by 2050 reducing emissions from industry, agriculture, aviation and shipping scaling up decarbonised electricity supply, and bringing forward the electric vehicle (EV) switchover. On this final point, the CCC claims that bringing forward the EV switchover earlier than 2040 will lead to lower greenhouse gas emissions in 2050. As well as improving air quality, the early switchover will deliver significant financial benefits (see chart). The cost savings from switching to EVs would begin around 2025 for a 2030 phase-out of conventional vehicles. There is a significant increase in the cost savings from 2028 to 2030 for a 2030 phase-out, which is largely due to EVs being more expensive until this point and requiring greater charging infrastructure requirements. The difference in savings experienced from a 2030 phase-out compared to a 2040 phase-out are greatest in the early 2030s but diminishes steadily in the years approaching 2050.   To keep up to date with UK EV charging ...

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