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March 19, 2024

With better planning and investment, EV uptake could offer storage and grid flexibility

Automobiles produced by Tesla Inc arriving at the Port of Oslo. Norway leads the way in EV sales in Europe with more than 90 per cent of new vehicles being either battery electric or plug-in hybrid (Photo: Odin Jaeger/Bloomberg)
Automobiles produced by Tesla Inc arriving at the Port of Oslo. Norway leads the way in EV sales in Europe with more than 90 per cent of new vehicles being either battery electric or plug-in hybrid (Photo: Odin Jaeger/Bloomberg)

As sales of electric vehicle rise, policymakers should be looking at how to maximise the benefits – and provide an ‘efficient transportation ecosystem’

By 2030, sales of electric vehicles will “outstrip” sales of all other vehicles globally, according to a report co-authored by global consultancy EY and European electricity industry trade association Eurelectric.

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