This month we focus on our electric vehicle (EV) projects. Although EVs currently represent less than 1% of car sales in Australia, this number is growing.
BloombergNEF forecasts EV uptake to grow to 64% of new car sales by 2040, and AEMO projects that by 2038, EVs will consume about 9% of the electricity delivered by the National Electricity Market.
ARENA projects are looking at how we can accelerate the shift to emissions-free transport, and ensure that EVs are efficiently integrated into Australia’s electricity system.
ARENA Insights Edition #18