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Ireland failing to get out of first gear on EV deployment

Ireland failing to get out of first gear on EV deployment

There are increasing potential benefits that the mass-rollout of electric vehicles (EVs) will bring globally and in particular markets. Not only will they help to reduce emissions from the transport sector they also could offer potential solutions to grid balancing in the form of mobile battery storage and so-called “vehicle to grid” services.

Following the Paris Agreement, there has been an increased effort to tackle climate change, which has seen some governments set EV targets. Ireland is no exception to this and in the Project Ireland 2040, the government set the target of having 500,000 EVs on the road by 2030.

But, long-dated targets and a feasible action plan for getting there are two different things and in this week’s blog, we evaluate the current potential for Ireland to meet this target.

Related thinking

Regulation and policy

Answers to some FAQs about Brexit

Following the end of the transition period on 31 December 2020 and the signing of the Trade and Cooperation Agreement, aspects of the relationship between UK and the EU in respect of the arrangements for energy trading and cooperation have changed. We set out answers to some Frequently Asked Questions...

Net zero corporates and ESG

Major energy policy and regulatory changes discussed in our December Net Zero Business forum

On 10 December 2020, Cornwall Insight hosted its Net Zero Business Forum. Held four days before the release of the UK government’s Energy White Paper, the focus was on the Prime Minister’s 10-point plan, the Spending Review and the National Infrastructure Strategy. Head of Relationship Development Robert Buckley and Head...

Business supply and services

A look back at 2020 part 3

As we take our first steps into 2021, we continue to look back at the biggest developments in the UK energy markets in 2020, setting us up for the significant year ahead. The mergers and exits from the supply market that were seen in 2019 continued into 2020 and led...

Announcement

Update | Demand for more charging infrastructure as EV ownership increases

We recently received additional information on a press release issued at the beginning of December on Battery Electric Vehicle (BEV) charge points. Below is an update to the data and graph. We would like to apologise for any issues this may have caused. Updated analysis by Cornwall Insight shows the...

Announcement

Cornwall Insight supports Zenobē Energy on a £150mn equity capital raise

Cornwall Insight, an energy consultancy, research, and analytics company, is pleased to announce its role in providing support Zenobē Energy secure a £150mn equity capital raise from Infracapital. The deal was announced on 13 November 2020, and the funding will be used to support the growth of Zenobē Energy’s grid-scale...

Low carbon generation

Analyse thy neighbour: Interconnectors and their importance to future power prices

Whilst we build towards 2021 and post-Brexit energy markets, focus has been applied to how we in GB strive towards net zero ambitions with a more independent policy agenda. However, regardless of future trading arrangements, interconnectors with EU nations will continue to play a pivotal role in driving wholesale power...

E-mobility and low carbon

New service shows Electric Vehicles role in net zero

As the ban of petrol and diesel vehicles looks set to be brought forward from 2040, electric vehicles (EVs) are increasingly the focus of the UK’s net zero journey. Last week the Labour party joined calls to bring the sale ban of new internal combustion engine (ICE) and hybrid vehicles...

Commercial and market outlook

Changes: how our Spectrum service is evolving

This article was originally published on 9 June 2020 in our ‘Energy Spectrum Ireland’ publication.  Since Cornwall Insight launched the Energy Spectrum Ireland Service in 2015, it has been providing insight on key developments in the energy markets in Ireland. With the macro market trends of decarbonisation, decentralisation and digitilisation,...

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