Thursday 3 September 2020

Investment in grid to enable EV adoption could create 30,000 new jobs

Investment in grid to enable EV adoption could create 30,000 new jobs

New investments in the electricity grid in order to enable wide-scale electric vehicle (EV) adoption could create as many as 30,000 new jobs across the country.

That's according to a new study from the University of Strathclyde’s Centre for Energy Policy, supported by SP Energy Networks, which notes this would also bring wider economic benefits such as boosting GDP by 0.16% per annum as well as increasing wages by 0.1%.

The report refers to the need for "extended and substantial investment" in network upgrades to enable 99% EV uptake by 2050.

It predicts the majority of jobs created will be in the network, construction and service sector supply chains, with others related to EV manufacturing.

Scott Mathieson, Director of Network Planning and Regulation at SP Energy Networks, said: "Investment in upgrades to the electricity network to enable this EV transition can create up to 30,000 new full-time, high-quality jobs and will have an immediate and sustained positive effect on GDP.

"Our work is far more than just keeping the lights on. Investing in EV infrastructure and adoption of EVs will help shift a post-COVID 19 economy onto a pathway for a green economic recovery."

Written by

Bruna Pinhoni

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