How Will Eu’s New Law Benefit The Electric Vehicle Sector?

By Author: joy
Total Articles: 177
Comment this article

The European Union's Council has implemented a groundbreaking regulation as part of its "Fit for 55" initiative, with the aim of reducing greenhouse gas emissions by at least 55% before 2030. The new rule focuses on promoting electric vehicles (EVs) by establishing an extensive network of fast-charging stations along the Trans-European Transport Network (TEN-T) to alleviate range anxiety and boost EV adoption.

Commencing in 2025, the regulation mandates the installation of fast-charging stations with a minimum power capacity of 150kW at regular intervals of approximately 60 kilometers (37 miles) along the TEN-T highways. By the end of 2025, these stations must have a total power output of at least 400kW, equipped with at least one charging point capable of 150kW. Subsequently, by December 2027, the power output requirement increases to a minimum of 600kW, maintaining the same charging point criteria.

In addition to the TEN-T highways, the comprehensive TEN-T road network will also receive attention. By the end of 2027, charging stations on this network should possess a total power output of at least 300kW, and ...
... at least one charging point capable of 150kW, covering a minimum of 50% of the roads by the end of 2030.

The regulation's benefits for EV businesses are manifold. It primarily addresses the issue of range anxiety among EV owners by significantly increasing charging infrastructure along major roadways, making long-distance travel more viable and convenient. This improvement will be further bolstered by clear communication of pricing, availability, and wait times at charging stations, ensuring a smoother user experience.

Furthermore, to streamline the payment process, the regulation stipulates that users should not require specific apps or subscriptions to access charging services. Instead, payments can be made easily via cards or contactless devices. Charging station operators must provide transparent pricing information through electronic means, adding to the overall convenience for consumers.

Beyond benefiting EV manufacturers and charging station providers, the regulation encompasses ambitious plans for heavy-duty EVs and hydrogen refueling infrastructure, which will positively impact businesses involved in various transportation sectors.

Overall, this new EU regulation marks a significant step towards encouraging the adoption of electric vehicles and reducing greenhouse gas emissions. By expanding the EV charging network and implementing consumer-friendly measures, the EU is poised to drive greater demand for EVs while simultaneously contributing to its ambitious climate goals.

https://www.techdogs.com/tech-news/td-newsdesk/how-will-eus-new-law-benefit-the-electric-vehicle-sector