Britain needs to install 2,300 electric vehicle chargers every day until 2050 in order to hit its climate targets, an analysis has suggested. About 1,700 heat pumps also must be installed every day and electricity networks need to be upgraded to cope with the extra power demand at a total cost of £286 billion, according to a report by Capital Economics, a consultancy, for Scottish Power. Scottish Power is one of Britain’s biggest energy groups, operating regulated power networks, wind farms and supplying gas and electricity to about three million households. It is lobbying to be allowed more regulated investment sooner to upgrade its electricity networks ready for the transition to a low-carbon economy. Britain has set a target of greenhouse gas emissions being net…
The UK needs to spend £286bn ($367bn) on EV chargers, heat pumps and upgrading power grids to reach its 2050 zero emissions target, according to a report for Scottish Power by consultancy company Capital Economics. It said 2,300 EV chargers and 1,700 heat pumps were needed every day until 2050. That would increase electricity demand and require network upgrades. The report also said the number of EVs must increase from the current 180,000 to 2.6 million by 2050, every household with an EV will need a charger, and 35 million public and businesses charging points will have to be installed.