eMobility Success Hinges on Six Essentials

eMobility Success Hinges on Six Essentials

Findings in a recent study from EY and Eurelectric show there are six keys to mainstream EV adoption.

As booming EV sales strain the value chain, success in the eMobility sector will hinge on six essentials for mainstream EV adoption, according to findings in a recent study from EY and Eurelectric.

The study includes insights drawn from industry leaders across the ecosystem, including automotive, utilities, fleet management, city planning and charging infrastructure.

Globally, EV sales doubled in 2021 and jumped 55% in 2022 to account for 13% of all vehicles sold. If this trend is to continue, the eMobility ecosystem must collaborate around “Six essentials for mainstream EV adoption,” the companies say.

The six essentials are:

  • Resilient supply chains and vital raw materials;
  • Clean and green power production;
  • Accessible charging infrastructure;
  • The integration of EVs with smart grid technology;
  • Digital platforms and mobile applications to optimize EV charging; and
  • Finding and training the next-generation workforce.

The study highlights that in 2022, EV sales in China reached 27% of total vehicles sold; in Europe, they made up just over 20%; and in the US, EV sales increased to more than 7% of all vehicles sold. But are conditions right for EVs to take off in the mass market? The study underscores the need for a collaborative and coordinated response from eMobility ecosystem players in pursuit of decarbonization goals, with utilities, in particular, playing a pivotal role.

“Despite economic headwinds and rising energy costs, EV sales are resilient and are continuing to accelerate,” says Serge Colle, EY global energy & resources industry market leader. “Globally, we have reached 13% adoption, but if EVs are to enter the mainstream, significant collaboration across the entire value chain is critical. The EY/Eurelectric study identifies six essentials that will make or break the future of eMobility. Failure to get these right could result in missed net-zero targets, unresolved air quality issues, wasted investments, and an extended eMobility transition period.”

You May Also Like

Automotive, Mining Sectors Meet for Battery EV Conference

The 2024 BEV In-Depth conference explored the EV battery supply chain and zero-emission vehicle advancements.

The 2024 BEV In-Depth: Mines to Mobility conference, created to explore the electric vehicle (EV) battery supply chain, took place May 29-30 at Cambrian College of Applied Arts and Technology in Ontario, Canada. This annual event, now in its third year, focused on the challenges and opportunities within the battery-electric economy across Canada. The conference kicked off with an opening dinner on May 29, followed by a full-day conference on May 30.

Highland Named One Of TIME’s Most Influential Companies

Highland was recognized in the category of Pioneers.

Modine Helps Fortify Zero-Emission Bus Fleet in Wisconsin

Racine transit system zero-emission buses are equipped with Modine EVantage to increase longevity and range.

Mullen Announces Development of Mobile EV Charging Truck

New PowerUP mobile charging system provides increased versatility and 100% zero emissions power generation capable of delivering on demand, mobile DC fast-charging.

Hansen Motorsport, SKF Align for 2024 World RX Season

The Scandinavian Touring Car Championship will premiere the world’s first 100% electric national touring car championship June 8-9, in Gothenburg, Sweden.

Other Posts

Advanced Cooling System Technologies: Hybrid & EVs

Learn how to keep your hybrid or electric vehicle running smoothly and efficiently.

Mullen Announces Sale of 50 Bollinger EV Trucks

EnviroCharge will install its mobile clean-propane-powered charging system on the Bollinger B4 chassis cab, an all-new, all-electric Class 4 commercial truck.

Eaton Introduces Fuse Portfolio for Electrified CVs

Eaton Bussmann series fuses can handle up to 1,400 amps and 900 volts, and can be tailored to customer specifications.

Wallbox Announces Milestones in Acquisition of ABL

The company says the move has already paid off in the effort to support the EV transition.