Smart charging of electric vehicles (EVs) could cut the cost of integration into the UK power system by over £1 billion compared to standard charging, according to a new report that also found running an EV could be ten times cheaper than a conventional car.
WWF commissioned Vivid Economics to deliver a two-part report on the effect of bringing the UK’s proposed 2040 ban on the sale of new petrol and diesel vehicles ahead by ten years.
Rapid Charging (Image: T. Larkum)
It found that the ‘2030 scenario’, which forecasts 20 million electric cars and vans on UK roads, could be delivered at lower cost than the 13 million under the ‘2040 scenario’. The report argues that this is due to the charging profile rather than the number of EVs, which it said is a more important factor.
“The smartness of the transition to electric vehicles will be the main factor determining how cost effective the transition is, not the speed of the transition,” it states.
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