The Green Industrial Revolution is upon us, and with the UK Government announcement that all sales of new petrol and diesel cars will be banned by 2030, electric vehicles (EVs) are due to become an increasingly common sight on our roads.
EVs have a key role to play in our transformative journey towards a decarbonised energy system and net zero.
The UK Government has pledged £1.3 billion to accelerate the rollout of charge points, £582 million in grants to help people buy EVs, and nearly £500 million in the next four years to develop mass-scale production of EV batteries. There are currently 435,000 plug-in vehicles on UK roads. New registrations of battery-electric EVs in December 2020 saw a 344 percent year-on-year increase. And with over 200 plug-in models to choose from, range increases, costs decreases, leases at price parity with fossil fuel equivalents, and a burgeoning second-hand market for EVs, there can be little doubt that EVs are here to stay.