Climate change is the most pressing environmental challenge of our time. The scientific evidence suggests that we need to take action now and the UK Government is making this a priority. In June 2019 the UK became the first major global economy to pass a law that requires the country to achieve 'net zero' greenhouse gas emissions by 2050.
Transport has a significant role to play in reaching net zero. The scale of the challenge demands a step change in thinking and a need to act quickly and decisively to reduce emissions. The UK Government has shown its commitment to investment in green technologies and green travel by introducing a number of incentives, penalties and tax benefits to individuals and corporations.
The race is now on to find better alternatives to the petrol burning internal combustion engine and there are a number of alternatives being developed including alternative fuels and electric vehicles (EVs). With EVs being less complex to manufacture and incurring lower running costs for the consumer, it makes them the current favoured technology for mass adoption. As a global centre for world leading science, technology, business and innovation, the UK is well placed to seize the economic opportunities that being in the frontline of this emerging market will present. It seems that now might be the time for investors to consider the merits of going green.
The stage is set for EVs to form a significant part of the solution to decarbonising transport. No longer seen as a fringe technology or niche product, 2020 was the year of the EV according to industry analysts. The increased public focus on climate change, shifting environmental regulations and technological advances are making the case for a green-mobility transition and thus for EVs.
The UK is among Europe's largest markets for EV sales. Hybrid and plug-in EVs are tipped to account for over 10% of car registrations in the UK in 2020. To cater for this rapidly expanding market, manufacturers are having to adapt their space, governments and the private sector are having to install the necessary charging infrastructure and dealerships are having to re-think their sales and servicing models.
The Delivery Challenge
The ambition to decarbonise transport is clear, the targets are set and technology has advanced to provide solutions. Industry now needs to respond without delay to meet the associated deadlines and success will depend on a series of sectors delivering the required infrastructure, manufacturing, retail and distribution capacity.
G&T has extensive experience in three key sectors which we are focusing on to support this critical challenge:
- Infrastructure development and delivery including utilities
- Facilities for R&D and manufacture including automotive and batteries
- Facilities for product placement and brand experience
Our objective is to bring our knowledge and experience to bear for prospective funders, developers, fleet operators, supply chain partners and end users to progress investment.
To find out more about the EV market and the work we are doing with clients to deliver infrastructure, manufacturing and distribution capabilities, please contact:
Tom Garrett – email@example.com
Rob Lyons – firstname.lastname@example.org