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  • 22.12.11 Report HEC MRC Adoption of EVs

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    Transportation contributes 15% of global greenhouse gas emissions. While electric vehicles emit 3 times fewer emissions over their lifetime compared to gas vehicles, they currently only make up 1 in 5 cars sold in the EU due to several roadblocks. These include a lack of charging infrastructure leading to concerns about cost and charging time, as the latter can take up to 8 hours for some EVs. Additionally, broken charging stations are commonly reported, posing challenges for maintenance of the infrastructure. However, there are also business opportunities in this sector such as community engagement portals, mobile charging services, and charger repair.

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    Transportation contributes 15% of global greenhouse gas emissions. While electric vehicles emit 3 times fewer emissions over their lifetime compared to gas vehicles, they currently only make up 1 in 5 cars sold in the EU due to several roadblocks. These include a lack of charging infrastructure leading to concerns about cost and charging time, as the latter can take up to 8 hours for some EVs. Additionally, broken charging stations are commonly reported, posing challenges for maintenance of the infrastructure. However, there are also business opportunities in this sector such as community engagement portals, mobile charging services, and charger repair.

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    22.12.11 Report HEC MRC Adoption of EVs

    Uploaded by

    inhsor123
    Transportation contributes 15% of global greenhouse gas emissions. While electric vehicles emit 3 times fewer emissions over their lifetime compared to gas vehicles, they currently only make up 1 in 5 cars sold in the EU due to several roadblocks. These include a lack of charging infrastructure leading to concerns about cost and charging time, as the latter can take up to 8 hours for some EVs. Additionally, broken charging stations are commonly reported, posing challenges for maintenance of the infrastructure. However, there are also business opportunities in this sector such as community engagement portals, mobile charging services, and charger repair.

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    Adoption of Electric Vehicles

    -Roadblocks and Opportunities


    An Incubateur HEC Paris project by Roshni Mohandas & Edson Perez

    TRANSPORTATION CONTRIBUTES 15% OF GHG EMISSION GLOBALLY

    ELECTRIC VEHICLE FACTS


    EVs emit 3X less emission, on average, over their "whole life" compared
    to conventional cars. 21 EU member states offer incentives for the
    purchase of electric vehicles. There are 340,000 charging points
    currently in the EU; 3.4 Million by 2030.

    Yet only 1 out 5 cars sold in the EU is an electric car.

    THREE MAJOR ROADBLOCKS TO EV ADOPTION

    Information Gap:
    Lack of charging infrastructure, prohibitive cost of ownership, and slow charging speeds rank among the
    top concerns of potential EV owners. Although these concerns are not unwarranted, considerable
    progress has been made on all fronts. Still, perceptions are not changing at the same pace as the evolution
    of technology. This reveals an information gap that needs to be addressed.

    Charging Duration:
    EVs take at least 4X longer to refuel compared to conventional cars, with a charging duration varying
    from 0.5 to 8 hours depending on the charger and EV type. For long-range drivers, public-charging
    station users, and fleet operators this could add considerably to their overall travel time.

    Maintenance of Charging Infrastructure:


    EV drivers consistently report encountering broken EV charging stations. The high cost of repair and
    diagnostics difficulties present barriers to maintaining chargers at full operational capacity.​

    BUSINESS OPPORTUNITIES IN THE EV SECTOR

    COMMUNITY PORTAL OFF-GRID CHARGING CHARGER REPAIR


    Direct engagement through EV Mobile on-demand charging On-demand charger repair and
    community (e.g. EVA/DC in US) for those on the road maintenance (e.g., ChargerHelp)
    Local marketplace for EV Battery-swapping in Technical education opportunities
    resale and component sale partnership w/manufacturers in partnership w/CPOs & govt's

    SOURCES:

    HTTPS://WWW.CLIMATECENTRAL.ORG/CLIMATE-MATTERS/PEAK-CO2-HEAT-TRAPPING-EMISSIONS
    HTTPS://WWW.ACEA.AUTO/FACT/OVERVIEW-ELECTRIC-VEHICLES-TAX-BENEFITS-PURCHASE-
    INCENTIVES-IN-THE-EUROPEAN-UNION-2022/
    HTTPS://ELECTREK.CO/2022/03/04/LIGHT-DUTY-EVS-HAVE-64-LOWER-LIFE-CYCLE-EMISSIONS-
    THAN-ICE-VEHICLES-FORD-STUDY/
    HTTPS://WWW.ECA.EUROPA.EU/LISTS/ECADOCUMENTS/SR21_05/SR_ELECTRICAL_CHARGING_INFRAS
    TRUCTURE_EN.PDF

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