Here at Leading Edge Energy, we like to keep up with the latest trends and help businesses recognise opportunities such as the ones we identify in our Electric Vehicles 101 blog series.
There is no doubt that the adoption of electric vehicles to replace traditional internal combustion petrol and diesel vehicles will reshape not only our road network and cities but also the way the electricity grid works.
The New South Wales Electric Vehicle strategy
In this blog post from our Electric Vehicles 101 series, we dissect the New South Wales Electric Vehicle strategy and explain how it aims to invest $490 million to achieve a goal of 52 percent of new car sales to be powered by electricity by 2030 as the state pushes towards Net Zero emissions by 2050.
The post goes into the details of how that goal is going to be achieved along with information about types of electric vehicles and the infrastructure that will be needed to support an EV fleet.
The post also goes into the specifics of how many charging stations will be needed as well as explainers about fast chargers and standard chargers, and how barriers to entry for EVs will be broken down.
The benefits of electric vehicles
The benefits of electric vehicles include better respiratory health, mental health, lower greenhouse emissions, and more.
In this post, we also talk about the financial savings motorists can make as well as opportunities including new jobs, mining for metals used in the manufacturing of EV batteries.
We also delve into the complex web of how electric vehicles will allow Australia to free itself from dependency on expensive imported petroleum products by shifting to renewable power to charge up electric vehicles.
The benefits of a business hosting a charging station
If a business ticks all the right boxes, it can apply to host an electric vehicle charging station without any financial investment.
In this blog post, we talk about all the benefits of a business hosting a charging station as well as the conditions it needs to meet to qualify to do so.
The post explains how the inclusion of an electric vehicle charging station at a business premises can increase the number of visitors who might want to shop, dine or just walk around while the vehicle charges back up.
Grid balancing
Some electric vehicles can behave like a home battery. This would allow people to store excess generation of rooftop solar in the car on sunny days and use it as and when they please.
If electric vehicles are integrated into the grid through smart technology and charging times are optimised, EVs can help businesses and households to take control of their electricity bills and improve the reliability of the grid.
In this post, we explain exactly how grid balancing can be achieved.
How much does it cost to charge an electric vehicle?
Last but not least, we look at how much it costs to charge an electric vehicle.
On average, motorists can expect to save $1,000 per year in fuel costs when comparing an EV to a traditional internal combustion petrol or diesel engine vehicle.
Road heavy motorists such as taxi drivers and freight haulers can expect to save up to $4,500 in fuel costs.
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