Vehicle electrification is a critical component of the strategy to minimize greenhouse gas emissions from road transportation.

Among the man-made contributors to greenhouse gases, energy generation is the most important. Each source of CO2 emissions is the result of unique processes and technologies that cannot be addressed collectively.

Transportation is responsible for roughly 20% of greenhouse gas emissions, with road transportation accounting for three-quarters of that total. Vehicle electrification is a critical component of the strategy to minimize greenhouse gas emissions from road transportation. Credit Suisse estimates that 63 million new electric vehicles will be sold globally by the start of the next decade; of those, 29 million will be all-electric. At the same time, growing power demand will put further strain on electrical infrastructure, according to industry observers.

In the case of EVs, electrical infrastructure means charging stations. Public charging stations are becoming more commonly available, but their buildout has not kept pace with the rising supply of EVs. Along with the cost of the vehicles, range anxiety — the fear that an EV won’t have enough power between charges to get to the intended destination, stranding the car and its occupants — is a major concern among potential EV buyers.

10/17-19 EAC