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Breaking News

Over 3.5mn new vehicle chargers set to electrify world

Friday - September 14, 2018 5:54 pm , Category : BUSINESS
San Francisco Sep 14 (IANS) In major zero emission vehicle infrastructure announcements on Friday at the Global Climate Action Summit (GCAS) here two of the biggest players have made their largest commitments of over 3.5 million new chargers set to electrify the world by 2025.

The charging points are focused across North America and Europe.
ChargePoint one of the world leaders in charging infrastructure and technology already has more than 50 000 places to charge on its network globally. It has committed to a major acceleration and will deliver 2.5 million places to charge by 2025.
In addition to this EVBox has committed to one million new chargers on the road by 2025 which will be a mix of fast and regular charging.
This indicates not just growth for them as a business but confirms the confidence in the market that the growth of zero-emission vehicles or ZEVs is moving at the fastest speed yet.
This announcement comes on-top of major announcements of 100 per cent zero emission vehicles targets by 26 cities state regions and businesses at GCAS a day earlier.
Taken together and with three other energy company announcements this GCAS announcement amounts to over 3.5 million additional charging points by 2025.
Both businesses are also backing the #ZEVChallenge created by The Climate Group and C40 Cities and inspired by GCAS which encourages and brings together the commitments of cities states and regions as well as businesses to zero emission vehicles.
In addition the Hydrogen Council on Friday announced a major commitment to an ambitious goal of ensuring that 100 per cent of hydrogen fuel used in transportation is decarbonised by 2030.
This global CEO coalition brings together over 50 leaders from the energy transport and industrial sectors.
These announcements will result in a significant boosting in the level of infrastructure for ZEVs and provides additional future certainty.
For those looking to buy electric vehicles it will leave them in no doubt that driving and charging an electrical vehicle is simple easy and cost effective.
For hydrogen powered vehicles the goal announced only enhances the contribution that these technologies can make to achieving the Paris Agreement goals.
Helen Clarkson of the Climate Group said: "Ramping-up charging infrastructure is critical to accelerating the car market to zero emissions."
Seeing charging points on the streets both normalises electric vehicles and reassures owners. It is also encouraging to see so many large industry players commit to a goal of 100 per cent decarbonised hydrogen for transport by 2030.
Currently there are approximately 500 000 public chargers in the US Europe and China.
The 3.5 million new chargers announced at GCAS will support the forecasted 37 million electrical vehicles that will be on the road globally by 2025 driving a combined 384 billion electric miles per year.
(Vishal Gulati is in San Francisco at the invitation of the Climate Trends to cover the Global Climate Action Summit (GCAS). He can be contacted at vishal.g@ians.in)

--IANS vg/pgh/vm