Bloomberg | Electric Cars Move to Center of U.K.’s Fight Against Greenhouse Gases

Britain is beginning to look at its growing electric vehicle fleet as a way to create jobs and balance the power grid. This moves transport to the center of the fight against greenhouse gas emissions.

Prime Minister Boris Johnson called for phasing out of cars fueled entirely by gasoline and diesel by 2030. 10 years ahead of the previous schedule. National Grid Plc are expecting as many as 30 million electric vehicles on the road by 2040. As a result, the energy and transport industry are stepping up their preparations for the shift.

The increasing EV demand is a positive signal for the whole EV value chain from charge point operators to energy suppliers, as well as lending support to the U.K.’s decarbonisation ambitions.

Jacob Briggs, Senior Consulting Analyst