EU-27 Electric Vehicle Charging Infrastructure Master Plan The EU plans to reduce emissions by at least 55% by 2030 (compared to 1990 levels) and become the world's first climate-neutral continent by 2050. All economic sectors are expected to contribute to achieving these reductions, including transport. Transport is one of the few industries where greenhouse gas (GHG) emissions have been rising since 1990, and the sector accounts for nearly 20% of total EU GHG emissions. By 2030, new passenger cars and trucks must emit 55% less CO2 than in 2021. Current truck regulations call for a 30% reduction by 2030 and are due for review in 2022. The automotive industry is vital to the EU: it accounts for more than 7% of the bloc's GDP and provides jobs for 14.6 million Europeans, and is currently undergoing changes due to such ambitious goals. Key insights The EU-27 Masterplan for EV Charging estimates that approximately €280 billion will be needed by 2030 for the installation of charging points (hardware and labour), upgrading of the grid and renewable energy production for charging EVs. Of this, approximately €185 billion will come from PCs, €50 billion from light commercial vehicles and €45 billion from trucks and buses. In this analysis, both public and non-public charging points are taken into account. Throughout the EU, public charging points are defined as charging points with non-discriminatory access rights. According to this definition, charging points in supermarket car parks or car parks with open access are included in the list of public charging points. Total investments of around €1 trillion by 2050 in charging infrastructure (public and non-public), grid upgrades and renewable energy are necessary to complete the EU-27 transition to electric road transport. According to the EV Charging Masterplan, around 30% of total capital expenditure by 2030 will need to be invested in infrastructure to reduce CO2 emissions from road transport. The PDF version will be shared on 199IT Knowledge Planet, just scan the QR code below! |
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