Turbo charging the transition

What are the key strategies for decarbonizing light road traffic?

The focus should be on accelerated electrification – and thus reducing entry barriers is essential. Simplifying access to electric vehicles (EVs) and enhancing their usability are crucial steps. Car subscriptions can make it easier for consumers to switch by eliminating high upfront costs, removing long-term commitments, and minimizing financial risks.

What are the key challenges to rolling out EVs?

The charging experience remains a hurdle. Switzerland is in a good position regarding public charging infrastructure, but for many access to home charging is a critical factor in making the switch. Renters are often dependent on landlords for charging infrastructure. Regulations to ensure charging points are readily available where needed would be transformative. Introducing a «right to charge» law would be a game changer, enabling renters to install chargers at home and significantly accelerating EV adoption. Without this, the challenges of charging sadly overshadow the many advantages EVs offer.

Do you view the Swiss policy environment as supportive enough to meet climate goals in the sector?

Overall, Switzerland has strong foundations for innovation and collaboration. That said, there are areas for improvement: establishing a national map of public charging stations, implementing price controls until competition creates a healthy price level by itself, resulting in more affordable fees for consumers, and introducing legal measures to address the mentioned home charging issue. These steps would greatly enhance the country’s ability to meet its climate targets.

What partnerships or technological advancements do you think will be most critical to speeding the decarbonization of car fleets?

Key advancements will need to include improving battery range and charging speeds. Stabilizing residual EV values is another critical challenge, as current volatility discourages ownership. Widespread education is vital to addressing lingering misconceptions.

The interviewee is external to UBS and the answers provided do not necessarily reflect UBS’s view.

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