According to Versinetic, if the next government wants to reduce carbon emissions, improve air quality, and achieve energy sustainability it will need to focus on several key areas of infrastructure and accessibility, as well as delivering economic incentives and a commitment to clean energy and research investment.
The EV infrastructure specialist has called for:
Expanded street-level charging stations nationwide
Infrastructure and accessibility are paramount. Versinetic wants to see increased street-level charging in residential areas, which is crucial for urban dwellers without private parking spaces. Regulating the prices of electricity at public charging points is another critical step to ensure affordability and prevent exploitation. Previous subsidies and tax breaks, such as the Plug-in Car Grant and exemptions from the Vehicle Excise Duty, have shown the effectiveness of financial incentives in promoting EV adoption.
Infrastructure grants for apartment blocks, such as the Electric Vehicle-Ready Buildings scheme in New South Wales, Australia, should also be prioritised by the new UK administration.
The company argues that these measures would make EVs more practical and appealing to a larger segment of the population.
Break down economic barriers to EV ownership
Economic incentives play a crucial role in reducing the barriers to EV adoption. Versinetic suggests that lowering the cost of entry for purchasing EVs through initiatives similar to the first-time home buyer's scheme would significantly boost uptake.
Addressing the price differential between EVs and fossil fuel vehicles is also essential.
Additionally, offering support for buying second-hand EVs, possibly through salary sacrifice schemes similar to the Cycle to Work scheme, would allow more individuals to own cars instead of renting. By making EVs more financially accessible, the new government can drive a significant increase in their adoption rates.
UK government should commit to clean energy and boost research investment
Finally, a commitment to clean energy and increased research investment is essential for supporting the EV ecosystem. Versinetic recommends national campaigns to inform the public about the advantages of EVs, including their environmental impact and long-term cost savings.
They call for substantial government investment in renewable energy sources to ensure the electricity powering EVs is as green as the vehicles themselves. Investment in research and development to drive innovation in battery technology, charging infrastructure, and load balancing solutions is also crucial. Increasing commitment to generating clean energy at the grid level will ensure EVs are truly environmentally friendly.
Additionally, investing in battery technology research will improve performance, reduce costs, and enhance the overall viability of EVs. This comprehensive approach will support the EV market and contribute to broader environmental goals and energy sustainability.
According to Versinetic, these recommendations underscore the urgent need for the next UK government to take decisive action in these areas.
By focusing on, improving infrastructure, providing economic incentives, and enhancing clean energy commitment and research investment, the next government can create an environment that fosters the rapid and widespread adoption of electric vehicles.
The upcoming election presents a pivotal opportunity for policymakers to commit to these necessary changes, according to the company, ensuring that the UK leads the way in more sustainable transportation.
