Is Policy Action Alone Enough to Reach Net Zero by 2050?

Recently, BloombergNEF published a telling article titled, “Electric Vehicle Sales Set to Rise Faster Than Ever, but More Policy Action Needed to Get on Track for Net Zero.” The author raises many interesting observations about where we are now in the transition to electric mobility; where we’re projected to be in 10, 20 and even 30 years based on current trajectories; and what we need to do if we’re going to be net zero by 2050.

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Photo Courtesy of the Metropolitan Transportation Authority

In short, the driving theme of the article seems to be that further government policies will be required to spur innovation, adoption and acceptance of EV technology. And while we certainly agree that this is a crucial factor, it fails to highlight the equal importance of private firms like EVCS to do the work once policies are in place since the government is not in the business of installing infrastructure.

Below are several salient points BNEF makes and how we’re helping to affect solutions in the space.

“Reaching net zero by mid-century will require all hands on deck, particularly for trucks and other heavy commercial vehicles where the transition has barely started.”

BNEF works feverishly to drive home the idea that commercial vehicles will be a key driver in the transition to electric. The author notes that two- and three-wheelers are already in heavy use throughout developing countries and that cars and light commercial vehicles are on a positive trajectory, but states, ominously, that “the outlook is far more problematic in the heavier commercial vehicle segments.” EVCS has started tackling the problem by targeting municipalities, large commercial businesses and fleet operators with increased marketing efforts, no-cost installation packages, subscription plans, and high-tech networking software featuring customized demand response and real-time performance monitoring.

“By 2040 the charging network needs to grow to over 309 million chargers across all locations… [including] public chargers (24 million), workplace chargers (12 million) and bus and truck chargers (4 million).”

We have been leading the way in the installation of new chargers across Southern California, installing more than half of all non-Tesla DCFCs in Los Angeles alone since 2020. Our site hosts have included government, retail, industrial, educational, workplace and multi-unit residential properties, many of which are hugely influential and committed to embracing electric. See a spattering of our clients here: https://evcs.com/customers/prominent-clients. In addition, we have consistently lobbied for greater subsidization of the EV industry on local, state and federal levels as we strategize our expansion into other areas of the country. Our know-how and experience will make EVCS a key asset in executing once government policy directives are in place.

“Most of the extra demand for electricity globally in the decades ahead will be met by building additional renewable energy capacity, according to BNEF forecasts.”

Our insistence on powering the EVCS charging network through renewable sources has been consistent almost since our inception, and this year, we were able to come one step closer to a carbon negative future by arranging to buy all our electricity from renewable energy producers through credit offsets. This financial commitment allows said producers to reinvest in expansion and innovation so that, someday, offsets will no longer be needed because widespread renewables will make fossil fuels a thing of the past.

“For chargers [under the Net Zero Scenario], $939 billion would be required in investment by 2040 to install 504 million units.”

The goal of a planet with net-zero carbon emissions by 2050 is a noble one, and large government investments will be key in facilitating the transition away from ICEs and fossil fuel-based infrastructure, but private organizations have to be ready to take up the mantle and execute the goals that government officials put forth. EVCS has been active in streamlining the assessment, permitting, installation and maintenance processes through a unique, no-hassle turnkey solution that maximizes the return on government investment. In other words, yes, subsidies are absolutely required, but once approved, we know what to do with them.

You can read the entire BNEF article here:

https://about.bnef.com/blog/electric-vehicle-sales-set-to-rise-faster-than-ever-but-more-policy-action-needed-to-get-on-track-for-net-zero/

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6 Reasons Why Fast Charging is Critical

EVCS Level 3 chargers are capable of charging an EV battery to 80% capacity within 20 minutes on most vehicles. They are sleek, efficient, convenient, work with any EV, can function in myriad conditions, and are connected by a powerful network with an easy-to-use interface. By all measures, Level 3 charging – or fast charging – is not only an important link in the electric mobility chain as society transitions away from fossil fuels but a critical one to the goal of mass EV adoption.

Catering to Niche Markets

EV drivers are as unique as the cars they own. All have special reasons why electric mobility is the sensible choice for them. In that vein, we recognize that building a massive new EV network is not a one-size-fits all strategy, but one that takes into account the needs of niche groups across the country. Below is just a smattering of the smaller market subsets we have in mind as we aim to make the transition to electric feel more personal and individualistic based on things like interests, jobs, and locale.

How the Ukrainian Crisis Could Affect the EV Market

As the conflict in Ukraine continues to escalate, concerns over how a prolonged incursion may affect global markets has become a frequent topic of discussion, even as major world powers issue a raft of sanctions against Russia in an effort to end the conflict sooner. There are certain to be ramifications for the EV industry specifically as a consequence of the dispute, some of which we’re already starting to see, although their duration and severity are still in question. Here are some of the most prominent.

How EVCS is Helping Change America’s EV Charging Experience

As most of us know, Congress recently approved $7.5 billion in spending for new EV charging installations as part of the larger infrastructure bill, which we expect will help facilitate a speedier transition away from fossil fuels. Even with EV sales increasing in recent years, reports suggest that 25 percent of all carbon emissions still come from the tailpipe, so anything the government can do to kick things up a notch is surely welcome. However, even with such a sizable investment, many challenges still exist that network operators like EVCS will have to help overcome. In a recent article on TheVerge.com, several prescient examples were cited of core areas to focus on if we want to make mass EV adoption a reality. Below are a few such areas and how EVCS is addressing them.

Installation of the Month (February 2022): Sierra Commons Shopping Plaza

The next stage in the evolution of EV charging will be a network operator’s ability to target consumers with advertising and media content pertinent to their demographic. Our recent partnership with minority-owned iKahan Media has afforded us just that opportunity, allowing for the expansion and creation of “a digital billboard network combining EVCS chargers with state-of-the-art LED screens,” as reported last year in a release on PR Newswire. (You can read that entire piece here) Such an initiative is intended to improve the economics of public charging by generating an additional revenue stream for both us and site hosts, providing advertisers with a select new platform for reaching consumers, and increasing value for EV drivers who want to see content that’s relevant to them.