The UK will need 25,000 EV charging points by 2030 to meet demand
The UK will need to invest in an additional 25,000 charging points for electric vehicle (EV) by 2030 in order to keep up with the demand.
This is according to a new report released by the Committee on Climate Change (CCC).
The committee’s study also claims that by the same year, 60% of all new car and van sales will be electric.
The cost of installing 25,000 charging stations – either fast (22kW) or rapid (43+kW) – would reach £530mn (US$756mn), the CCC found.
The money could be funded by both public and private companies, as firms such as supermarkets and leisure centres anticipated to install chargers in their parking lots, in a bid to attract customers.
The report argues that amount of chargers on motorways will need to more than double in the next 12 years, from the current 460 to 1,170.
“UK’s EV infrastructure has a long way to go before it can support a viable EV fleet, and this report provides for the first time a look at the size of the opportunity and the challenge that the UK faces,” commented Jonathan Hampson, General Manager of Zipcar UK, the nation’s largest car sharing club.
"Zipcar wants to rapidly expand its fleet of zero emission vehicles, and we agree with the Committee that rapid charging and parking based charging will be essential to making this happen.”
Drax advances biomass strategy with Pinnacle acquisition
The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.
The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).
This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.
In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.
The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.