Challenges

of the electromobility ecosystem that hinder the green transition

Climate scenarios

If we want to measure the volume of the challenges of electromobility. we have three climate change scenarios to consider.

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Source: IEA

Stated policy scenario (STEPS)

The Stated policy scenario takes into account relevant climate action policies and implementation measures, adopted globally as of the end of August 2023.

Announced pledges scenario (APS)

The Announced pledges scenario illustrates the extent to which announced ambitions and targets can deliver the emissions reductions needed to achieve net zero emissions by 2050.

Net zero emissions (NZE)

Net zero emissions is a normative scenario that shows a pathway for the global energy sector to achieve net zero CO2 emissions by 2050.

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The EV challenge

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Data source: International Energy Agency     ** Average of STEPS, APS & NZE    *** Data for Europe is estimated, based on global data

Starting with 3.4 million electric vehicles in 2023 in Europe, it is expected that this number will grow with an almost 20% annually, until it reaches 10.1-14.8 million (depending on the scenario) in 2030.
 
Between 2030 and 2035 the growth rate will slightly decline to ca. 15% annually, resulting 15.5-21.5 million BEVs and PHEVs running on the roads.
 
The no. 1. obstacle that hinders the widespread switch to e-vehicles is their higher price, and this is exactly where we step in to help fleet owners.
Our solution takes care of the whole of the carbon credit origination process - all you have to do is to enjoy the improved ROI of your fleet electrification investment.

The renewable energy challenge

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Data source: IEA    ** Average of STEPS, APS & NZE     *** NZE scenario is estimated based on global data

According to all three of the STEPS, APS & NZE scenarios, millions of EVs will need hundreds of TWh energy annually.

And not just any dirty electricity. Road transport will only become truly net zero if we charge e-vehicles (passenger cars and light commercial vehicles alike) with green electricity.

Renewable energy power plants are also eligible for carbon credit origination - and we provide a 360° origination and trading service for you.

The charging infrastructure challenge

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Fast and slow, public light duty chargers, data source: IEA    ** Average of STEPS, APS & NZE scenarios    *** NZE scenario for Europe is calculated from global NZE forecast data

EV sales in Europe grew three times faster than the number of public charging points between 2017 and 2023, leading to a challenge of scarcity in supply, and range anxiety that must be tackled if we want more people to switch to e-mobility.

According to the three discussed scenarios, a 3-fold expansion is to be expected by 2030, and an additional 13% annual growth afterwards, until 2035.

Our second know-how was designed to improve the ROI of EV charge points, in the hopes that this financial incentive will accelerate the spread of the emissions free way of road transport that is electromobility.