British roads could stand on the verge of a revolution in personal transport, according to a new study.
With the UK government becoming the latest to name 2040 as the cut-off point for petrol and diesel fuelled transport, manufacturers are finally beginning to prioritise the next generation of electronic vehicles (EVs), presenting new challenges for companies, governments, and drivers themselves.
With the EU collectively in danger of failing to meet various climate targets at present, a number of the community’s largest member states have announced measures aimed at weaning citizens off the direct consumption of petrol and diesel. Following a ban on petrol and diesel fuelled cars in France recently being scheduled for 2040, the United Kingdom has followed suit.
The governmental pushes away from petrol and diesel mean that large car producers like Volvo have an ultimatum to work toward – create electronic vehicles worth consumers’ whiles, or face becoming by-standers in the future automotive market. Change in public perception had previously pushed large manufacturers, most notably Toyota with their infamous Prius hybrid line, putting their money and brand influence behind partially electronic vehicles, however, with greater public awareness around the environmental impact of petrol and diesel, a growing variety of electric vehicles have come to the fore, enabling governments to put their trust in the industry to continue to profit in spite of their intervention.
However, while the market is moving steadily toward electrified transport, the uptake of electric vehicles could be double government estimates as early as 2020, according to new research by Baringa Partners. Researchers at the consulting firm, who called on policy makers to address issues around the integration of potentially soaring levels of EVs into the energy system, found that 18% of people said they would consider buying an electric vehicle for their next car, well above the governmental projection of a mere 9% of the UK’s road fleet by 2020.
Read more: Consultancy UK