{"id":44896,"date":"2024-04-09T09:08:26","date_gmt":"2024-04-09T08:08:26","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=44896"},"modified":"2024-04-09T09:11:43","modified_gmt":"2024-04-09T08:11:43","slug":"empowering-ev-industry-canadas-journey-towards-sustainable-mobility","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/empowering-ev-industry-canadas-journey-towards-sustainable-mobility\/44896\/","title":{"rendered":"Empowering the EV industry: Canada’s journey towards sustainable mobility"},"content":{"rendered":"
When we cast our minds back to five years ago, the Canadian, and even global, electric vehicle (EV) industry was still in its infancy. Within this time, we have seen the development of holistic battery electric vehicle (BEV) supply chain, complete with billion-dollar investments, additional mineral processing, battery cell manufacturing, and reskill initiatives to support these sectors.<\/p>\n
Everyone wants to own a car to enjoy the freedom of mobility and access. Consequently, with demand for personal vehicles continuing to rise, attention must turn to ensuring EVs present a viable alternative to existing vehicles.<\/p>\n
In Canada, around 30-35% of all emissions are from personal transportation. Eliminating these emissions will rapidly accelerate decarbonisation, explaining Canada\u2019s focus on electric vehicles and target of 100% EV sales by 2035.<\/p>\n
Yet, if EVs are to meet sustainable goals, the supply chain as a whole must become less wasteful. Action must be taken to establish a circular economy that maximises the use of resources and guarantees the continued ability to meet future demand.<\/p>\n
Recently, the concept of a global battery passport, aiming to track the emissions produced across the battery supply chain, has been proposed. Introducing standards and regulations such as this will enable companies and the industry as a whole to be held accountable and ensure batteries are manufactured with low-impact and sustainable methods.<\/p>\n
This is not to say that EV adoption is not without issue. In North America, one of the largest barriers to adoption is affordability.<\/p>\n
Many of the EV models currently on the market are large and, therefore, expensive, pricing them out of the average income range without financial incentives.<\/p>\n
There is a balance to be struck with industry in providing these incentives or considering ways to increase supply volumes of more affordable options in order to bring prices down.<\/p>\n
As the adoption of EVs takes hold, the associated infrastructure must improve and, equally, expand. The major metropolitan areas are mostly equipped with some form of charging infrastructure<\/a>, whether at home, curbside, or gas stations.<\/p>\n But with the increase in EV adoption, the next phase of expansion must provide rural infrastructure for those who want to drive longer distances. In Canada especially, there is a vast expanse of rural geography in the North with little other than highways.<\/p>\n Therefore, infrastructure must be expanded in those areas, and its reliability must be improved to increase consumers\u2019 confidence that an EV can fulfil their needs.<\/p>\n The recent Bloomberg NEF report highlighting Canada as the most sought-after place to establish a supply chain illustrates the potential of dedicated attention. There is a nationwide understanding of what is required for the EV industry to succeed.<\/p>\n At every level, federal, provincial, and municipal governments have collaborated to provide companies with a robust supply chain, skilled workers, and an open line of communication.<\/p>\nCanada\u2019s potential to establish a supply chain<\/h3>\n
Work of the EV Society<\/h3>\n