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Can the electric vehicle sector stimulate the EU economy?

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The promise of the sector is to contribute more than 90 billion Euros to the European economy by creating hundreds of thousands of jobs in the next 10 years, if some obstacles to electricity investments in Europe are overcome.

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Despite reports that electric vehicle sales are slowing in Europe, The electric vehicle industry is expected to grow This is due to the steady increase in the share of electric vehicles in Europe.

The sector is expected to contribute 92 billion euros to the European economy – equivalent to the GDP of Luxembourg – for the next 10 years, according to an independent study presented in Brussels this Thursday.

But the economic impact of this industry cannot be compared to anything Europe currently has. “The developing world will be significantly different,” said Lucie Mattera, general secretary of ChargeUp Europe. He also noted that the expected growth comes from a much broader ecosystem. will include both car, network and charging.

Only the EU battery manufacturing industry Adding 200,000 jobs by 2035Beyond what the charging infrastructure has created, Mattera said. According to the research, battery electric vehicles will represent 44% of passenger cars in the EU in 2035. The investment required to create all these tools, total 545% growth According to the research, the share of added value throughout the bloc reached 92.4 billion euros.

This amount is slightly higher than the investment of around 80 billion euros required for 2030, according to French multinational bank Société Général. Almost half (47.8%) of the value is expected comes from electricity sales In 2035. The other 14.8% will be provided by hardwarein the planning and installation phase chargers I would add this 9.5%. Finally, more than 5% will come from smart charging and another 5% from operation.

Employment in the transport sector is expected to increase significantly from the current 61,000It is primarily driven by work in the areas of electrical and hardware sales, operations, planning and installation. “Generally speaking, we will create 15,000 jobs every year by 2035“Matter spoke to ‘Euronews Business’. The expert added that the sector has difficulties in recruiting personnel due to the serious lack of qualified workforce such as electricians.

There is one main obstacle: access to electricity.

To realize the full potential of Europe’s electric mobility sector, the rollout of electric vehicle chargers needs to keep pace with the rollout of vehicles. According to the report of the European Automobile Manufacturers Association (ACEA), There is a worrying lack of charging pointsThere are currently about 630,000 people in the entire block.

The electric vehicle charging industry disagrees. Experts say they need to have more electric vehicles before implementing charging points. However, both parties agree that, above all, the issue of connection to electricity networks must be urgently addressed; because this is the biggest challenge in the entire energy transition in Europe.

Connection to the grid, complex line network Transfer between producers and consumerscausing most of the delays in current projects. But, There are differences between different Member States. The overall process of fully connecting to the network, including permission processes, is average It takes two years across Europe and three months in China.

“And the situation is getting worse,” Mattera said. “The whole world is being electrified. So everyone has access to the grid. Also, demands for grid connection are increasing in all sectors. That’s why there are distribution operators. You need to have the same resources and necessarily invest at the appropriate level.” not necessary.

Electricity distribution operators in each country to solve the problem. They need to invest in network expansion. ChargeUp tracked where the biggest problems were. Experts concluded that lack of investment is the biggest problem. result of strict regulationsUsually set by national energy regulatory authorities, which limits the investment base that distribution operators can apply.

“This is an old framework,” Mattera said. “This is completely out of date for our climate policy ambition, which is to say to ourselves as a continent that one particular piece of the puzzle has not been modernized or updated.”

Mattera rejected accusations that electric vehicles overload the grid, adding: electric mobility sector represents 0.4% of demand Total electricity in Europe today. They hope for this figure from the lobby multiplied by ten To 2035.

Is there a shortage of chargers for electric vehicles in Europe today?

According to ChargeUp, 26 out of 27 countries are progressing towards EU targets We have implemented the planned number of electric vehicle charging points so far. The only exception is Maltawith great command France in relation to other countries.

However, the implementation of new electric vehicle chargers lagged behind due to regulatory uncertaintyIndustry representatives stated that the investment is very important and said: The cost of a charger varies between €30,000 and €50,000.

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Member of the European Parliament of the European Parliament Committee on Environment, Public Health and Food Safety, Susana Pérez (EPP)), if the EU reaches an agreement Must do more to support electric mobility marketTo implement affordable electric vehicle models, to implement demand-increasing measures, to prepare the network and to work on competitive electricity prices.

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