In its latest research published on 14 May, the Centre for Energy Policy at the University of Strathclyde has outlined that in order to support just 20% of electric vehicle (EV) uptake by 2040, more than 3,000 jobs could be created in electricity network development and associated investment.
The research, undertaken in collaboration with SP Energy Networks (SPEN), looked at two scenarios:
- required investment undertaken three years before (2027-2030), or
- investment spread out across a 12 year period (from 2021-2032)
It found a need to focus on an EV roll-out to unlock, sustain and increase value in other parts of the economy through employment gains and impacts on low income.
SPEN Network Planning & Regulation Director, Scott Mathieson, said: “The adoption of EVs, and the necessary spend on electricity networks are both key enablers of the UK’s transition to a low carbon economy and it is essential that we take a ‘whole system’ approach to assessing the costs and benefits of network investment to customers and society. These results from the Centre for Energy Policy help us to look more broadly and should be factored into network investment decisions”.