Powering businesses' transition to electric vehicles
The adoption of Electric Vehicles (EVs) is no longer a question for tomorrow. The big opportunity is to become a cleaner, more sustainable and more efficient business.
Our report, Powering the transition to electric vehicles, looks at the accelerating momentum to EV amongst businesses and public sector organisations. We discuss what the drivers of this trend are, how businesses and the public sector need to rethink their energy strategy to support the transition and importantly, the opportunities that exist to improve business sustainability, strengthen brand reputation and the bottom-line.
The percentage of total UK CO2 emissions contributed by transport.
The factors accelerating the shift towards EV adoption include changing social attitudes, concerns over climate change and air pollution, stringent government regulation, rapid technological advances and significant investment in the entire EV eco-system. With the rise of ‘activist’ investors, capital is increasingly shifting to green businesses.
As consumers increasingly look to make environmentally friendly purchase decisions, demand for EVs both in the UK and globally is growing rapidly. New registrations of plugin electric cars in the UK increased tenfold between 2014 and 2018. Globally, electric vehicles are forecast to grow from 3 million to 125 million by 2030.
This momentum is increasing the pressure on businesses to support the move to EVs – creating new opportunities to strengthen brand reputation, build greater employee and customer loyalty, and simultaneously reduce costs.
The electric vehicle opportunity
Cut costs. Reduce carbon emissions. Improve air quality. Increase employee and customer satisfaction. Enhance brand reputation. Build competitive advantage. The benefits of EV adoption are numerous, clear and compelling.
Centrica Business Solutions research shows 77% of organisations are already looking at options to electrify transport or offer EVs to employees. To capitalise on the opportunities available – and avoid getting left behind by sharper competitors – organisations need to act now.
The implications for enterprise energy strategy
For organisations to achieve the required flexibility and resilience of supply, they need to take more control of their energy use, production and storage. Ways to do this include:
- Upgrade site energy supply, with an enhanced DNO connection for additional grid source power requirements
- Installing on-site generation solutions, such as renewables or combined heat and power (CHP).
- Selling excess energy from on-site generation back to the grid, creating a new form of income.
- Installing on-site battery storage to ensure a constant supply in the face of an increasingly volatile