It is an accepted fact that making any technological innovation successful requires the government’s strong support and backup. That’s specifically valid for the survival and development of electric vehicles.
Recently, the Volvo cars’ CEO, Håkan Samuelsson, emphasized the importance of state-backed charging infrastructure for electric vehicles. According to him, plug-in hybrid is now a well-known concept and a great idea to work on.
What are Plug-in Hybrid Electric Vehicles?
Plug-in hybrid electric vehicles (PHEVs) involve two technologies: battery-powered electric motor and internal combustion engine. Together, it has been named as “bridge technology.”
One of the significant obstacles in the success of EVs is its inability to cover vast distances without power loss. You can call this concept “range anxiety”.
Efficient charging infrastructure is needed to combat this issue, which can’t be established without government funding.
How State Governments Worldwide are Responding to EV’s Development?
Today, many giant organizations are adopting the idea of charging stations during the last few years. For instance, McDonald’s UK is willing to set up EV charging points at their newly established drive-through eateries.
In this regard, McDonald’s UK and InstaVolt, the technology experts, will work as joint-venture. They have decided to introduce charging infrastructure to new restaurants and, currently, operating drive-through restaurants, wherever feasible.
The EV’s concept has also gained the spotlight in other countries globally, like Norway, which is considered a hub of low-emission cars.
According to the Norwegian Electric Vehicle Association, the government has exempted EV owners from annual road tax and 25 %VAT on EV purchases. They also have access to bus lanes. All these incentives can be availed till 2021 until made further revisions.
UK government has also recently announced doubling the funding to support charging points installations on residential streets, making the amount up to $12.72 million.
Volvo cars aim to increase the electric cars’ sales by 2025, out of which 50% of sales will comprise PHEVs, and the rest will be BEVs or pure electric vehicles.
Currently, it needs government incentives to reach the target sales. However, this revolutionary invention is expected to become sustainable and strong enough to drive sales based on its amazing benefits in the long run.
However, in a recent interview, Volvo also revealed that its global sales decreased by 20.8% in the first half of 2020 due to the adverse impacts of coronavirus pandemic.