Nissan Max-Out Convertible Concept Unveiled At Nissan Futures Event

More

Mercedes-Benz GLE Gets New PHEV Powertrain, Fresh Look

More

2024 Mazda CX-90 Plug-in Hybrid SUV Unveiled

More

Audi Activesphere Concept is luxury crossover that turns into a pickup

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

Electric Cars Could Drive 40% Cut in Oil Imports in the UK by 2030

Electric cars could cut the UK’s oil imports by 40% and reduce drivers’ fuel bills by £13 billion if deployed on a large scale, according to a new study.

A report commissioned by the European Climate Foundation has forecast that oil imports into the U.K. could be slashed by as much as 40% by 2030 if the country can properly develop its electric car market and infrastructure.

In a study conducted on behalf of the Foundation by Cambridge Econometrics, a surge in electric vehicle adoption could see the average motorist save £1,000 ($1,500) in fuel costs per year, triggering a 47% decrease in carbon emissions by 2030 and a huge reduction in the U.K.’s reliance on oil imports.

Further, by the middle of the century widespread adoption of electric vehicles would see air pollutants such as nitrogen oxide all-but disappear from the atmosphere, sparking a secondary health benefit nationwide that could save more than £1 billion ($1.5 billion) in healthcare costs.

However, to reach the desired deployment target of six million electric vehicles by 2030 – a figure that could rise to 23 million by 2050 – the U.K. will have to begin a renewable-energy-powered overhaul of its infrastructure immediately.

“There will be a transition in the next five-10 years but you won’t see a sudden shift to electric vehicles until consumers have got over their ‘range anxiety’ concerns, and that will only happen with infrastructure spending,” said one of the report’s authors, Philip Summerton.

The knock-on benefits to the UK’s GDP from reduced oil costs and increased vehicle spending could amount to between £2.4-£5bn by 2030, the study says. Between 7,000-19,000 jobs would also be created.

A summary of the report in PDF is available here. The full technical report, also in PDF, can be downloaded here.

Mar 10, 2015Blagojce Krivevski
VGI Services Revenue is Expected to Reach Nearly $21 Million by 2024UK Government Adds 100 Plug-in Cars to its Fleet
You Might Also Like
 
Pre-Wired Homes for Electric Cars
 
Researchers Develop Electric Cars That Can Park Themselves [video]
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

March 10, 2015 Electric Car Newselectric cars, Electric Cars UK, European Climate Foundation
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
Recent News
GM and Netflix Partner to Give EVs the Stage they Deserve
February 4, 2023
Volvo Cars reports January sales – 40.7% market share of electrified cars
February 3, 2023
Polestar and Luminar expand partnership to include Polestar 5
February 3, 2023
XPENG Launches G9 SUV And P7 Sedan For Europe
February 3, 2023
Volkswagen launches ID.4 campaign in collaboration with Marvel Studios’ Ant-Man and The Wasp: Quantumania
February 3, 2023
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
GM and Netflix Partner to Give EVs the Stage they Deserve
February 4, 2023
Volvo Cars reports January sales – 40.7% market share of electrified cars
February 3, 2023
Polestar and Luminar expand partnership to include Polestar 5
February 3, 2023
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
DMCA.com
© ElectricCarsReport.com | All Rights Reserved.