The number of electric cars in the UK may reach 30 million in 2040

SMM: it is reported that driven by the government's policy of suspending the sale of internal combustion engines, the number of electric cars on British roads may soar to 30 million in the next 20 years.

According to a report released on July 27th by (ESO), a power system operator owned by (National Grid Plc), the UK is very likely to achieve zero emissions by 2050. Electric vehicles and heat pumps are the key equipment to replace gas-fired boilers.

National Grid said that by 2033, renewable energy generation, carbon capture and storage technologies would effectively reduce carbon dioxide more than power plants, and emissions from the power industry would be negative. In the absence of emission reduction technology, the amount of natural gas burned will be halved by 2038.

For the State Grid, correct prediction is very important. The government has a zero emission target bound by law, but whether it can be achieved technically depends on the development of the industry. There are also concerns that charging millions of electric cars could cause problems for grid operators without adequate planning and power grid upgrades.

Mark Herring, head of strategy at ESO, said: "We have seen the development of renewable energy power generation, including a significant increase in offshore wind power installations; the widespread adoption of electric vehicles in the UK; and more investment in hydrogen energy and carbon capture technology with gratifying results."

But ESO's forecast for electric cars is much higher than that of Bloomberg New Energy Finance (BloombergNEF), whose analysts expect 17 million electric vehicles to be on the road in the UK by 2040 and believe that the goal of phasing out internal combustion engines by 2035 may not be achieved.

State Grid said in the report that by 2050, when electricity market prices and electricity demand are low, as many as 80 per cent of households will be able to charge their electric vehicles intelligently; about 45 per cent of households will be able to create up to 38 billion watts of flexible electricity. to help manage peak and trough demand and balance power supply and demand.

The National Grid report also points out that the market share of pure electric vehicles will rise from 3 per cent in 2019 to 80 per cent by 2035; there will be 8 million hybrid heat pumps by 2050; the energy required for heating an ordinary house may be reduced to 30 per cent; and at least 3 gigawatts of wind and 1.4 gigawatts of solar power will need to be built each year between now and 2050 to help achieve the target.

"SMM online Q & A" has come to the market, price, information if you have any questions, feel free to ask!

Scan the QR code and join the SMM metal communication group.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Talon Metals’ Tamarack Nickel-Copper-Cobalt Project Completes Public Comment Period for Environmental Review
1 hour ago
Talon Metals’ Tamarack Nickel-Copper-Cobalt Project Completes Public Comment Period for Environmental Review
Read More
Talon Metals’ Tamarack Nickel-Copper-Cobalt Project Completes Public Comment Period for Environmental Review
Talon Metals’ Tamarack Nickel-Copper-Cobalt Project Completes Public Comment Period for Environmental Review
According to Talon Metals on September 15, the company’s Tamarack nickel-copper-cobalt project in Minnesota, U.S., has completed the 60-day public comment period as part of the state environmental review process. The project is currently under environmental review by the Minnesota Department of Natural Resources. The regulator will next assess the submitted comments and continue advancing the permitting process. Tamarack is one of the more notable U.S. nickel-copper-cobalt sulphide projects under development by Talon Metals. The company said completion of the public comment period marks an important milestone in the environmental approval process and moves the project closer to subsequent permitting and development stages. Although the update did not include new cobalt resource figures, production capacity or a commissioning timeline, the permitting progress remains relevant as the U.S. continues to strengthen domestic critical mineral supply chains and could improve the prospects for future domestic nickel and cobalt production.
1 hour ago
DRC Establishes “DRC-USA Task Force” to Accelerate Strategic Minerals Cooperation with the U.S.
1 hour ago
DRC Establishes “DRC-USA Task Force” to Accelerate Strategic Minerals Cooperation with the U.S.
Read More
DRC Establishes “DRC-USA Task Force” to Accelerate Strategic Minerals Cooperation with the U.S.
DRC Establishes “DRC-USA Task Force” to Accelerate Strategic Minerals Cooperation with the U.S.
According to Reuters on September 15, the Democratic Republic of Congo has established a “DRC-USA Task Force” to accelerate implementation of its strategic minerals cooperation agreement with the United States and move the partnership from a policy framework toward concrete investments and project execution. As a major global supplier of copper and cobalt, the DRC will use the task force to coordinate progress in critical mineral investment, project development and supply-chain cooperation. DRC Economy Minister Daniel Mukoko Samba said the mechanism is expected to improve the efficiency of implementation between the two sides. In recent years, the U.S. has strengthened cooperation with the DRC in copper, cobalt and other critical minerals through support for mining investment, expanded access to Western markets and regional logistics infrastructure. The creation of a dedicated implementation mechanism could further deepen U.S.-DRC minerals cooperation and potentially influence cobalt trade flows, the international buyer mix and Western capital participation in the DRC.
1 hour ago
South Korea to Ease Regulations to Foster Urban Mining
19 hours ago
South Korea to Ease Regulations to Foster Urban Mining
Read More
South Korea to Ease Regulations to Foster Urban Mining
South Korea to Ease Regulations to Foster Urban Mining
South Korea’s Ministry of Climate, Energy and Environment will launch regulatory exemption projects to recover critical minerals from semiconductor process waste, used batteries and end-of-life solar panels. The government plans to test technologies that recover silicon, copper, titanium and tungsten from semiconductor waste such as used silicon and targets, while reviewing regulatory changes to use such byproducts as circular resources rather than waste. Critical mineral recovery from used batteries and end-of-life solar panels will also be included in the demonstrations.
19 hours ago
The number of electric cars in the UK may reach 30 million in 2040 - Shanghai Metals Market (SMM)