Although this article relates to the US, the issues are the same for Europe and European utilities. Financially the transition to a low carbon and digital energy and transport system is a costly one, but with huge financial benefits for the winners, and oblivion for the losers. What is seldom mentioned though is the social cost on delaying the transition, and the social benefit of it's acceleration. Quality of life, and a huge reduction in deaths, are just two very obvious benefits (returns) from the reduction in air pollution alone from the EVrevolution.
We can't ignore the financial cost, but we have to be better at recognizing the social and economic benefit and value of the EV and clean energy transition.
“Accelerating Investment in Electric Vehicle Charging Infrastructure” evaluates the need for charging infrastructure – including both private and public chargers – in 12 of the largest utility service territories in 7 US states. In these utilities’ territories, which include 42 million residential customers and 80 million vehicles, an infrastructure investment of $17.6 billion would yield benefits of $58 billion by 2035, the analysis found. Moreover, after 2035 annual net benefits will increase faster than additional investments, so the cumulative net benefits will continue to increase over time.