Accelerating the Road to ZeroeMobility is the future of transport and it’s gaining significant momentum. This insight paper from Siemens Financial Services looks at the impact of the current explosion in electric vehicle (EV) adoption and its reliance on the introduction of a global EV charging network that will require substantial investment. The study explores how smart financing can accelerate E-vehicle implementation and contribute to a cleaner, greener world.
Key points from the research
- Analysts predict an explosion of growth in the electric vehicle (EV) market, but take-up is dependent on the equally rapid development of a global EV charging network.
- Accelerating deployment of this network requires high levels of capital investment and while public funds and incentives are crucial, they will not be enough to meet demand.
- To understand the scale of capital needed to meet expected demand, this insight paper estimates the ‘investment gap’ for EV charging infrastructure in different regions of the world.
- Private sector smart finance - which can align costs with the cash flow that charging stations deliver - is needed to fund the urgent development of this charging infrastructure.