As we recover from the impact of the pandemic, the UK is seeing a real push towards EV adoption, driven by a combination of government initiatives in support of its Net-Zero Target. The UK Environment Bill and the Government’s Transport Decarbonisation plan are key in relation to improving air quality and speeding up the associated decarbonisation of road vehicles. To what extent will they catalyse the transition to EVs and encourage investment in EV infrastructure?
To replace the financing gap left by the EIB no longer being able to invest in UK infrastructure projects, the government launched the UK infrastructure Bank on 17 June. Unlike the EIB, the new infrastructure bank has been designed specifically to ‘crowd in’ private sector investment, which the market has welcomed. The confirmation that £15bn of green gilts will be issued this year, the proceeds of which will be used for energy transition projects, should also be useful in providing new funds for the realisation of the government’s national infrastructure strategy.
The government's announcement in February 2020 that it is bringing forward the ban on petrol, diesel and hybrid cars from 2040 to 2035 has sharpened the focus on how the UK is going to have the necessary EV infrastructure in place, in time to meet this challenging timetable.
The second edition of the EV Infrastructure Summit (7-8 October) focused on the opportunities and challenges involved in establishing a UK-wide charging infrastructure.
While the COVID-19 crisis may have temporarily put almost everything on hold, the UK government has nonetheless recently reaffirmed its commitment to its infrastructure plans. Two factors played strongly in favour of pushing ahead with these quickly. The first is that borrowing costs are at an all-time low and the second is that infrastructure investment is a proven way of generating economic growth, which makes infrastructure a key component of the government's strategy to restart the economy and emerge from the inevitable recession as quickly as possible.
On June 6th, the UK Government committed the UK to achieving net zero carbon emissions by 2050, an ambitious goal that requires a huge expansion in the use of electric vehicles across the country. The second edition of the EV Infrastructure Summit (12-13 November) focused on the opportunities and challenges involved in establishing a UK-wide charging infrastructure as part of the transition to zero emission vehicles. Hear insightful presentations from, and informed debate between senior experts and government representatives on the key topics involved in the roll-out of the required infrastructure. The programme will also look at the wider implications for the interconnected transportation, infrastructure and energy industries.
Against the backdrop of renewed determination at the federal and state level to address the infrastructure crisis in the U.S., City & Financial Global’s P3 Policy and Delivery Leaders Summit, was held at the exclusive Cosmos Club in Washington D.C. on May 14th and 15th, will be a key gathering for senior members of the U.S. and international infrastructure community.
The program had been developed in close collaboration with DJ Gribbin, Former Infrastructure Adviser to President Trump, and currently Nonresident Senior Fellow, the Brookings Institution, Senior Operating Partner, Stonepeak Infrastructure Partners and Founder, Madrus, LLC. DJ Gribbin is also chairing the summit.