The Strategist

National Grid: UK will have 30 million electric vehicles by 2040

07/28/2020 - 08:17

Number of electric vehicles on UK roads could rise to 30 million by 2040, according to several scenarios of the gas and electricity operator National Grid.

In 2019, only 3% of new car sales were from EVs and plug-in hybrids, according to the company. "Even under the slowest decarbonization scenario, combustion engine vehicles will not be sold after 2040," the report reads.

The company predicts that cars with internal combustion engines will be completely replaced by 2050.

The UK authorities previously said they plan to ban the sale of new vehicles with internal combustion engines from 2035 or 2040.

Analysts at Bloomberg NEF, in turn, predict that there will be 17 million electric vehicles in the country by 2040, but this forecast does not take into account a possible ban on the sale of cars with internal combustion engines.

The National Grid has called the British government's goal of achieving zero net emissions by 2050 attainable. The company expects the country's power generation to reach negative net emissions by 2033 thanks to carbon capture and storage technologies.