Financing EV charging infrastructure

Electric vehicle growth explodes

Road transport remains a prime target for decarbonization around the world. An EU1 analysis notes that “With a raft of short-term measures that are achievable and easily implementable… such as ending fuel duty cuts, aerodynamic fittings on trucks, reducing business air travel and reduction in car use, we find that oil demand could be reduced by 38.8 Mtoe (million tons oil equivalent). This reduction is equivalent to half the EU’s Russian imports. Medium and long-term measures taken now to reduce transport’s structural dependence on oil reduces demand by 111.5 Mtoe by 2030. Combined, the measures can cut 34% of the

EU’s oil demand by 2030.”