A global rise in electric vehicle sales in 2020 is set to alter how the UK manages and consumes power.
As the UK enters the recovery phase of the Coronavirus pandemic, the nation has begun to focus on a green recovery plan, with a new emphasis on cleaner technologies and reducing carbon emissions.
This movement towards greener energy is set to increase electric vehicle sales worldwide, with electric cars expected to account for nearly 1% of global car stock following this year’s sales (reaching 10 million electric cars on the roads worldwide). This correlates to a predicted 15% decline in international passenger car sales.
The transition to electric cars has been growing every year for the past decade and saw Europe as the second largest market last year, selling 561,000 electric cars.
While this evolution will no doubt challenge the global network, requiring significant shifts in load management and infrastructure, second waves of the pandemic and slower-than-expected economic recovery could lead to different outcomes for the electric vehicle market over 2020. Nevertheless, further growth is expected over the coming decade.