In 2016 less than one in 100 cars in the UK were fully electric; now, it looks that a third of all new vehicles sold will be by the end of 2023.
Last year demonstrated the issue with energy dependencies within individual countries. Counties Not having access to Russian fossil fuels, Europe has been forced to look at other sources for gas and oil supply.
Energy security is the critical agenda for countries; however, the continued obsession with fossil fuels mobilised Putin to weaponise energy. While the need for renewable energy with a focus on climate change as the rationale has been the reason for progress, sustainable energy and security should go hand in hand. Electrified transport can use multiple energy sources, such as wind and solar, to power the electrons within. This helps reduce the reliance on fossil fuels.
Electrified vehicles as a key element in the plan to reduce climate change across Europe. The European Union are looking to ratify agreements made in October 2022 to ban ICE vehicle sales by 2035. However, current market predictions and the urgency of climate change may see this come into effect earlier.
However, while the market demand for EVs is strong, it still needs supply chain issues. Some lead times are up to 18 months for new BEVs across Europe.
In the UK, the strength continues to grow. While the new car sales report for 2022 showed an 8% shrinkage, Electric vehicle sales rose by 38%.
While the increase in demand is a great thing and an indicator of the public pull for electric vehicles. However, with predictions of growth looking at electric cars to be 1:1 with petrol as soon as 2025, businesses and governments need to address the shortages which are holding back the industry. More will need to be done to secure not only the materials to match demand but also the talent to maintain and grow the manufacturing needs.