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Grid Integration of Electric Vehicles

As a major driver of decarbonisation, the electrification of road transport plays a key role In the IEA’s Net Zero Emissions by 2050 Scenario. To support this transition, the power sector will need to ensure a secure supply of electricity for EV charging and take advantage of EV flexibility through seamless integration with the power system. Read More

Battery production to tenfold by 2030

Battery production must increase for a sustainable energy transition. Predictions indicate that batteries will remain in high demand in 2023. Batteries can store renewable electricity and provide service during peak demand hours, making them crucial for increasing grid flexibility, particularly in markets with high renewable penetration. The International Energy Agency (IEA) predicts that installed battery capacity worldwide will increase tenfold to sixteenfold by 2030. ING predicts that 48GW of battery storage will be available in 2023 if this occurs. Read More

Charging Trends in the United States: a snapshot of Q2 2022

Electric vehicles (EVs) are becoming increasingly popular, and the technology and infrastructure that supports them is evolving rapidly. As of the second calendar quarter of 2022 (Q2 2022), the U.S. Department of Energy's Alternative Fueling Station Locator revealed that the number of electric vehicle supply equipment (EVSE) ports had grown by 4.6%, or 6,165 ports. Public EVSE ports increased by 5.1%, or 5,875 ports, bringing the total number of public ports in the Station Locator to 121,778. Read More

Global EV market maturity scores

A number of unforeseen difficulties made 2022 a year marked by many unexpected obstacles, which caused a decline in the overall number of new automobile registrations. The only industry to have a very high level of resilience was e-mobility market. Read More

Phase out light vehicles

The fleet of light-duty vehicles from General Motors (GM), Ford, Mercedes, BYD, Volvo, and Jaguar Land Rover (JLR) will be totally emission-free by 2040 and 2035 in major markets, respectively. Read More

The expansion of a German and European battery sector

The tremendous rise in demand for battery cells in Europe, as well as the associated, significant development and expansion of a German and European battery sector, is fueled primarily by two interconnected reasons. Read More

BEVs have higher initial investment but lower running costs

According to statistics from LeasePlan, the cost of owning and operating an electric car is currently less expensive than petrol or diesel in nearly every nation in Europe. This is due to rising gasoline costs this year. Read More

Charging infrastructure could be biggest short-term hurdle

The development of the infrastructure for charging EVs is a top priority for many national governments. The IIJA law in the US has set aside US$7.5 billion for EV infrastructure grants and projects. Such financing and initiatives should provide the EV charging infrastructure the initial boost it needs to grow. Read More

Li-ion battery pack prices rise for first time to $151/kWh

The cost of lithium-ion battery packs has increased for the first time since BloombergNEF (BNEF) started monitoring the industry in 2010. This is due to rising raw material and battery component prices as well as skyrocketing inflation. After more than ten years of decreases, the volume-weighted average price for lithium-ion battery packs across all industries has risen to $151/kWh in 2022, a 7% increase from the previous year in real terms. Higher adoption of less expensive chemistries like lithium iron phosphate was overtaken by the rising cost pressure on batteries (LFP). BloombergNEF anticipates that prices will continue to defy past tendencies by remaining at current levels in 2019. Read More

The Importance of the Charging Infrastructure to EVs

As in many countries, the roll-out of charging infrastructure in the UK is critical to the transition to electric vehicles (EVs). The UK charging infrastructure network needs to be expanded quickly, not only because EV ownership keeps growing rapidly, but also to reduce range anxiety and provide people who do not yet own an EV with the confidence to purchase one. This means that charging points need to be in the right place and of the right type, with more offering smart charging and vehicle-to-grid capability. Moreover, the existing network will have to be technologically compatible with next-generation batteries, but needs to be future-proofed with respect to evolving charging behaviour. Read More