Our “Faraday Insights” provide an evidence-based assessment of the market, economics, technology and capabilities for energy storage technologies and the transition to a fully electric UK. The insights are concise briefings that aim to help bridge knowledge gaps across industry, academia and government. Published every two months the publications will be prepared by authors from across the Faraday Institution network and coordinated by Stephen Gifford, Head of Economics and Market Insights. The initial series of publications will focus on the electrification of transport.
The road to electrification – from the internal combustion engine to the battery electric vehicle.
All around the world, markets are transitioning from the internal combustion engine to electric vehicles (EVs). The UK is at the forefront of this push for the electrification of road transport. By 2030, the Faraday Institution expects that 64% of new cars bought in the UK will be EVs. Three-quarters of these will be battery EVs and one-quarter plug-in hybrids.
Photo credit: Nissan
We are planning to publish Faraday Insights in the following areas over the coming months: