Market Insights #23
Welcome to our bi-weekly newsletter featuring 5 main news on e-mobility around the world. On this 23rdd edition, we're focusing on EV Charging deployments, following both private partnerships and governement strategies. One HDV-related news and another one on subsidies. We hope you enjoy reading us, let us know your thoughts in the comments!
EV CHARGING EXPANSION
BYD and Shell to boost Brazils EV charging network with 600 new charging points
In a significant move for Brazil's EV landscape, 比亚迪 , alongside Shell's Brazilian subsidiary Raízen , announces the rollout of 600 DC charging points under the Shell Recharge Solutions brand across eight major cities by 2024. S?o Paulo, Rio de Janeiro, and six other key cities will see this expansion, powered entirely by renewable energy, aiming to enhance the nation's charging capacity by 18 megawatts. This collaboration marks a milestone in BYD and Shell's global partnership, furthering Brazil's commitment to sustainable transportation solutions.
Gireve’s view: It's no surprise to see major charging players proactively developing solutions in new territories where the ecosystem is less mature. In Europe, numerous operators have expanded their coverage across more countries, with leaders like Tesla and Ionity being among the first to deploy in Eastern Europe, where infrastructure was previously lacking. Subsequently, many European consortiums of stakeholders have formed to contribute to the rollout of charging solutions in the United States and Asia, focusing on ultra-fast charging.
Source: electrive
EV charging networks expand in France and UK with key partnerships
Volvo Car France and NW set to install high-power EV chargers at dealerships, aiming for an all-electric lineup by 2026. NW promises Europe's lowest charging rates. In the UK, Plugsurfing has teamed up with InstaVolt to add 1,400 nationwide InstaVolt charge points to Plugsurfing’s existing network of nearly 30,000 charge points in the UK and over 600,000 in Europe.
Gireve’s view: The collaboration between NW and Volvo Car France aims to roll out ultra-fast charging stations at Volvo dealerships, primarily in areas previously underserved by high-power charging, while ensuring competitive pricing. ?The InstaVolt & PlugSurfing partnership, meanwhile, focuses on the development and accessibility of charging networks as well as on improving the user experience. The alignment of values and goals among ecosystem players across various partnerships addresses the full spectrum of issues and needs for the development of electromobility. electrive
Source: Current News, NW Groupe, electrive
Germany's autobahn to Gain 1,000 EV Chargers in major expansion
In a landmark move for Germany's EV charging network, the Die Autobahn GmbH des Bundes has awarded Fastned , E.ON , AutoStrom Nord consortium, and TotalEnergies the tender to install nearly 1,000 fast-charging points at 200 motorway service areas by 2026. This project, part of the 'Deutschlandnetz' initiative, aims to enhance electric vehicle mobility across the nation, with each location featuring 4 to 8 high-power charging stations.
Gireve’s view: In recent years, there has been an increase in tenders for awarding charging hubs on European highways. This surge stems from a strong determination among European countries to equip highways with ultra-fast charging stations, especially to encourage EV long-distance travel to comply with European directives. Consequently, countries with extensive highway networks, such as Germany and France, have seen a significant rise in ultra-fast charging infrastructure. Tenders facilitate intense competition among ultra-fast charging providers, driving improvements in the quality of the deployed network. Currently, Switzerland is issuing a tender for ultra-fast charging hubs on its national roads.
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Source: Die Autobahn
HDV
EU Sets New Standards for green heavy transport
The European Parliament's Transport Committee has endorsed proposals to facilitate the transition to zero-emission heavy vehicles, advocating for increased weight and length allowances to compensate for the bulk of batteries and hydrogen fuel cells. A vote of 26 to 11 supports this, alongside stricter CO2 targets for trucks: a 45% reduction by 2030, 65% by 2035, and 90% by 2040.
Gireve’s view: After the EU governments and the European Parliament reached an agreement on reducing emissions from new trucks, it was crucial to reassess the rules concerning the maximum truck weight. This adjustment aims to facilitate the transition of heavy transport operators to electric trucks by offsetting the reduction in payload capacity. This move aligns with the consensus among all stakeholders and advances the goal of decarbonizing European heavy transport.
Source: European Parliament
SUBSIDIES
New EV subsidies and infrastructure grants unveiled across Europe
The UK and Ireland are spearheading new grants to enhance EV charging infrastructure, with the UK focusing on educational institutions and Ireland on creating a network of high-powered stations along its motorways. On the purchase incentive front, Italy, Hungary, and Cyprus are rolling out significant subsidies for acquiring electric vehicles, aiming to modernize their fleets and promote eco-friendly transportation. Italy's €950 million initiative mirrors efforts in Hungary and Cyprus, where €156 million and €36.5 million have been allocated respectively, to support both infrastructure and vehicle purchases.
Gireve’s view: The establishment of grant and purchase incentive programs plays a crucial role in boosting the rollout of charging infrastructure across the European landscape. This approach was adopted by leading countries in electromobility and those with a relatively high GDP per capita, with Norway leading the way in 2009, followed by France and Germany in 2016 and 2017. This strategy has significantly contributed to the surge in charging infrastructure growth in these countries over recent years. It's no surprise to see countries like the UK and Ireland, which also have a significant GDP, implementing these new programs to energize deployments. Countries that are slightly behind in deployment have few grant programs for charging infrastructure, focusing instead on purchase incentive programs for electric vehicles. This mostly applies to Eastern European countries with a lower GDP per capita compared to other European countries.